The Gross Domestic Product (GDP) in Paraguay expanded 1 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Banco Central del Paraguay

GDP Annual Growth Rate in Paraguay averaged 3.04 percent from 1995 until 2020, reaching an all time high of 13.70 percent in the first quarter of 2010 and a record low of -7.40 percent in the third quarter of 2000. 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 May of 2021.

GDP Annual Growth Rate in Paraguay is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Paraguay to stand at 3.50 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022 and 3.70 percent in 2023, according to our econometric models.

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Paraguay GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 -1.20 13.70 -7.40 1995 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-26 05:30 PM Q1 3.5% 3.5% 3%
2020-09-25 05:30 PM Q2 -6.5% 4.4% -7%
2020-12-22 05:00 PM Q3 -1.2% -6.4% -4.5%
2021-03-29 05:00 PM Q4 1% -1.3% -0.7%
2021-06-25 05:30 PM Q1 1%
2021-09-24 05:30 PM Q2
2021-12-22 05:30 PM Q3


Paraguay GDP Annual Growth Rate
In the last decade, Paraguay has been one of the fastest growing economies in Latin America mostly due to a rise in exports of agricultural commodities. Shipments of soy, cereals and meat account for more than 65 percent of total exports and for almost a quarter of the GDP. 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.