Paraguay | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 1.1 1 1 1.24 1.34 percent [+]
Unemployment Rate 6.90 9 8.9 8.8 8.7 7.2 percent [+]
Inflation Rate 3.90 3.79 3.84 3.83 4.2 3.8 percent [+]
Interest Rate 5.50 5.5 5.25 5.25 5.25 6.5 percent [+]
Balance of Trade -453352.00 -97528 -20914 -46881 -60702 -53221 USD Thousands [+]
Government Debt to GDP 19.70 21.99 21.55 21.12 20.69 21.98 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 5727.30 5870 5920 5980 6040 6900 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 1.1 1 1 1.24 1.34 percent [+]
GDP Annual Growth Rate 5.00 1.6 2 2.1 3 3 percent [+]
GDP 27.62 26 29 29 29 32 USD Billion [+]
Gross Fixed Capital Formation 7232065.00 6065342 6720730 7680777 7724771 8940937 Million PYG [+]
GDP per capita 3824.81 4129 4129 4129 4129 4500 USD [+]
GDP per capita PPP 8643.69 8762 8884 9005 9127 11016 USD [+]
GDP Constant Prices 7396829004.00 7816583072 7623104201 7708279650 8209233169 8894397280 PYG Thousand [+]
GDP From Agriculture 1086000375.00 1419640539 1236140701 1236653959 1215101223 984353162 PYG Thousand [+]
GDP From Construction 378327852.00 312265502 335932144 352685264 333627296 335922240 PYG Thousand [+]
GDP From Manufacturing 847991490.00 791462759 769908763 847540045 840605135 829198490 PYG Thousand [+]
GDP From Services 3167029137.00 3116683057 3129352706 3196259993 3418873050 3450560568 PYG Thousand [+]
GDP From Utilities 857069369.00 882208891 870322061 869071207 865723934 869954166 PYG Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.90 9 8.9 8.8 8.7 7.2 percent [+]
Minimum Wages 1964.51 1965 1965 1965 1965 1965 PYG Thousand/Month [+]
Population 6.76 6.78 6.8 6.83 6.85 7.25 Million [+]
Living Wage Family 2481300.00 2657571 2549998 2615647 2575583 2590752 PYG/Month [+]
Living Wage Individual 1235500.00 1363493 1242976 1356454 1249603 1279108 PYG/Month [+]
Unemployed Persons 84071.00 71660 88608 102154 87390 84431 [+]
Wages High Skilled 4476200.00 4521333 4521333 4521333 4521333 4521333 PYG/Month [+]
Wages In Manufacturing 244.80 239 239 238 238 230 Index Points [+]
Wages Low Skilled 2440200.00 2276771 2290516 2289360 2289458 2289450 PYG/Month [+]
Employed Persons 1133950.00 1139504 1136382 1137521 1136143 1135838 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.90 3.79 3.84 3.83 4.2 3.8 percent [+]
Core Consumer Prices 151.20 153 154 155 157 172 Index Points [+]
Core Inflation Rate 4.90 4.79 4.75 4.73 4.73 4.73 percent [+]
Inflation Rate Mom 0.60 0.3 0.34 0.35 0.34 0.35 percent [+]
GDP Deflator 531.61 529 531 541 547 596 Index Points [+]
Food Inflation 8.60 7.41 7.87 7.77 7.78 7.78 percent [+]
Cpi Transportation 120.80 121 121 121 121 121 Index Points [+]
Consumer Price Index Cpi 148.40 150 151 152 154 169 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 5.50 5.5 5.25 5.25 5.25 6.5 percent [+]
Deposit Interest Rate 3.51 3.95 3.71 3.46 3.22 3.4 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -453352.00 -97528 -20914 -46881 -60702 -53221 USD Thousands [+]
Exports 484550.00 660000 700000 700000 696497 850000 USD Thousands [+]
Imports 937902.00 811596 782190 779069 781863 783564 USD Thousands [+]
Current Account 256.10 330 379 244 227 291 USD Million [+]
Current Account to GDP -1.70 -1.34 -1.36 -1.38 -1.4 -0.85 percent [+]
Remittances 743.00 761 734 706 679 651 USD Million [+]
Gold Reserves 8.19 8.19 8.19 8.19 8.19 8.19 Tonnes [+]
Terrorism Index 3.84 4.04 4.2 4.37 4.53 5.28 [+]
Foreign Direct Investment -21975.00 36515 78195 77201 70351 66729 USD Thousand [+]
External Debt 4657395.00 4645142 4646995 4647543 4647307 4647214 USD Thousand [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 19.70 21.99 21.55 21.12 20.69 21.98 percent [+]
Government Budget -1.50 -2.04 -2.02 -2.01 -1.99 -1.81 percent of GDP [+]
Military Expenditure 521.70 504 528 552 559 651 USD Million [+]
Government Spending 4268977.00 4271154 4828132 4273314 4825981 4813415 PYG Million [+]
Government Debt 6122.10 6181 6283 6386 6486 7535 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Steel Production 2.00 3.58 3.42 3.39 3.41 3.41 Thousand Tonnes [+]
Ease of Doing Business 106.00 104 104 103 103 104 [+]
Corruption Index 27.00 24.06 24.66 25.26 25.86 23.18 Points [+]
Corruption Rank 130.00 141 137 133 129 121 [+]
Changes In Inventories 71110.00 86851 123876 95863 117058 108250 Million PYG [+]
Competitiveness Index 3.65 3.49 3.49 3.49 3.49 3.78 Points [+]
Competitiveness Rank 117.00 119 119 119 119 120 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Gasoline Prices 0.67 0.62 0.62 0.62 0.62 0.62 USD/Liter [+]
Consumer Spending 25719943.00 26227322 24709160 26465094 28368144 28606241 PYG Million [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 10.00 10 10 10 10 10 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 25.50 25.5 25.5 25.5 25.5 25.5 percent [+]
Social Security Rate For Companies 16.50 16.5 16.5 16.5 16.5 16.5 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]





Economic Forecasts for Paraguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Paraguay economy. 1/17/2017