The Gross Domestic Product (GDP) in Paraguay expanded 2.80 percent in the third quarter of 2022 over the same quarter of the previous year. source: Banco Central del Paraguay

GDP Annual Growth Rate in Paraguay averaged 2.98 percent from 1995 until 2022, reaching an all time high of 14.10 percent in the second quarter of 2021 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 March of 2023.

GDP Annual Growth Rate in Paraguay is expected to be -2.20 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 3.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Paraguay GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-09-23 08:20 PM Q2 -3.4% -1.1% 2%
2022-12-23 06:00 PM Q3 2.8% -3.4% -2.2%
2023-03-29 05:00 PM Q4 -2.2%

Related Last Previous Unit Reference
GDP Growth Rate 1.80 -6.65 percent Sep 2022
GDP Annual Growth Rate 2.80 -3.40 percent Sep 2022
Gross Fixed Capital Formation 16131089.00 14888514.00 Million PYG Sep 2022
GDP from Utilities 3388329787.00 3161451040.00 PYG Thousand Sep 2022
GDP from Services 26249446262.00 25779196613.00 PYG Thousand Sep 2022
GDP from Manufacturing 10619777329.00 10041636937.00 PYG Thousand Sep 2022
GDP from Construction 3743544315.00 3790315979.00 PYG Thousand Sep 2022
GDP from Agriculture 2475782654.00 2819351457.00 PYG Thousand Sep 2022
GDP Constant Prices 52259054662.00 51339086038.00 PYG Thousand Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 -3.40 14.10 -7.40 1995 - 2022 percent Quarterly