Paraguay's economy contracted 2.0 percent year-on-year in the first quarter of 2022, following a downwardly revised 0.2 percent expansion in the fourth quarter of last year. The nations' agricultural output continued to slump at a dramatic pace (-41.2 percent vs -40.0 percent in Q4 2021), followed by a contraction in electricity and water supply (-11.1 percent vs -2.5 percent), as well as in mining, fisheries, forestry and animal farming (-8.7 percent vs -7.3 percent). The economic contraction was hampered by stronger output growth in manufacturing (4.3 percent vs 1.8 percent) and construction activities (10.5 percent vs 2.2 percent). source: Banco Central del Paraguay
GDP Annual Growth Rate in Paraguay averaged 3.03 percent from 1995 until 2022, reaching an all time high of 13.94 percent in the second quarter of 2021 and a record low of -7.43 percent in the second quarter of 2020. This page provides - Paraguay GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
GDP Annual Growth Rate in Paraguay is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 4.00 percent in 2023, according to our econometric models.