The Gross Domestic Product (GDP) in Paraguay expanded 0.75 percent in the third quarter of 2023 over the previous quarter. GDP Growth Rate in Paraguay averaged 1.00 percent from 2008 until 2023, reaching an all time high of 11.61 percent in the fourth quarter of 2020 and a record low of -15.45 percent in the second quarter of 2020. source: Banco Central del Paraguay

GDP Growth Rate in Paraguay is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Paraguay GDP Growth Rate

Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 04:30 PM
GDP Growth Rate QoQ
Q1 2.3% 7.9% 0.3%
2023-12-22 05:30 PM
GDP Growth Rate QoQ
Q3 0.75% -5.6% -4%
2024-03-26 05:30 PM
GDP Growth Rate QoQ
Q4 0.75% 1.0%

Related Last Previous Unit Reference
GDP Growth Rate 0.75 0.76 percent Sep 2023
GDP Annual Growth Rate 3.60 5.90 percent Sep 2023
Gross Fixed Capital Formation 16344920.00 16370320.00 PYG Million Sep 2023
GDP from Utilities 3950591642.00 3963820096.00 PYG Thousand Sep 2023
GDP from Services 27264457421.00 26477180165.00 PYG Thousand Sep 2023
GDP from Manufacturing 10785639032.00 10346664680.00 PYG Thousand Sep 2023
GDP from Construction 3708696018.00 3676734163.00 PYG Thousand Sep 2023
GDP from Agriculture 2586525161.00 4062861407.00 PYG Thousand Sep 2023
GDP Constant Prices 54263103530.00 54382674241.00 PYG Million Sep 2023

Paraguay GDP Growth Rate
The biggest sector of Paraguay´s economy is services. Financing, real estate and business services; trade, communication and restaurant and hotels, household and government services account for 39 percent of the GDP. Industry and mining create 25 percent of the wealth and agriculture, forestry, fishing and cattle 21 percent. Construction and water and gas distribution accounts for the remaining 15 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.76 11.61 -15.45 2008 - 2023 percent Quarterly