Paraguay | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.30 0.5 1 1.1 1.8 1.3 percent [+]
Unemployment Rate 7.40 9 8.9 8.8 8.6 7.4 percent [+]
Inflation Rate 2.30 2.3 2.6 2.6 4.2 3.5 percent [+]
Interest Rate 5.50 5.5 5.5 5.75 5.75 6 percent [+]
Balance of Trade 100105.00 141410 42112 -127994 -71067 -48246 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 5637.00 5603 5658 5714 5825 6657 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.30 0.5 1 1.1 1.8 1.3 percent [+]
GDP Annual Growth Rate 3.40 3.6 3.9 4.1 4.2 3 percent [+]
GDP 27.09 26 29 29 29 32 USD Billion [+]
Gross Fixed Capital Formation 8845974.61 8317915 8843720 8320160 8841486 8828470 Million PYG [+]
GDP per capita 3822.86 4129 4129 4129 4129 4500 USD [+]
GDP per capita PPP 8639.28 8762 8884 9005 9127 11016 USD [+]
GDP Constant Prices 8001806484.00 7791578486 7553423750 7573894564 8049517658 7977753109 PYG Thousand [+]
GDP From Agriculture 1529191767.00 1663408742 1340458382 1212131886 1511164027 1474031258 PYG Thousand [+]
GDP From Construction 322955105.00 294253273 323272449 341110970 317716223 320598719 PYG Thousand [+]
GDP From Manufacturing 863423987.00 818158022 794107574 853606373 859873116 847139671 PYG Thousand [+]
GDP From Services 3420021152.00 3142910829 3164630199 3212068880 3457191069 3528824557 PYG Thousand [+]
GDP From Utilities 872435297.00 894082832 880984070 877220692 878140562 881259357 PYG Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.40 9 8.9 8.8 8.6 7.4 percent [+]
Minimum Wages 1964.51 1965 1965 1965 1965 1965 PYG Thousand/Month [+]
Population 6.86 6.88 6.9 6.93 6.95 7.25 Million [+]
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 [+]
Unemployed Persons 87932.00 97426 104981 89466 90729 93958 [+]
Living Wage Family 2009245.00 2092539 2063186 2073530 2069885 2070835 PYG/Month [+]
Living Wage Individual 1325964.00 1284425 1297112 1293237 1294421 1294144 PYG/Month [+]
Employed Persons 1108301.00 1120589 1107366 1114258 1109441 1111719 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.30 2.3 2.6 2.6 4.2 3.5 percent [+]
Core Consumer Prices 151.40 152 153 155 156 172 Index Points [+]
Core Inflation Rate 4.70 4.82 4.83 4.85 4.86 4.86 percent [+]
Inflation Rate Mom 0.90 0.46 0.31 0.37 0.36 0.36 percent [+]
GDP Deflator 526.39 520 526 536 540 583 Index Points [+]
Food Inflation 2.80 2.71 4.62 4.04 4.21 4.18 percent [+]
Cpi Transportation 120.60 121 121 121 122 125 Index Points [+]
Consumer Price Index Cpi 150.60 152 153 155 156 170 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 5.50 5.5 5.5 5.75 5.75 6 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 100105.00 141410 42112 -127994 -71067 -48246 USD Thousands [+]
Exports 842152.00 700000 700000 703438 750000 850000 USD Thousands [+]
Imports 742047.00 754357 734095 748323 756078 755683 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 Debt 6122.10 6181 6283 6386 6486 7535 USD Million [+]
Government Spending 5608082.00 4984193 5606032 4986236 5603995 5592052 PYG Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Steel Production 1.00 2.25 3.24 3.19 3.13 3.14 Thousand Tonnes [+]
Ease of Doing Business 106.00 104 104 103 103 104 [+]
Corruption Index 30.00 28 30 31 32 27 Points [+]
Corruption Rank 123.00 141 137 133 129 121 [+]
Changes In Inventories 274352.00 253211 266501 258146 263399 261379 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 0.67 0.67 0.67 0.67 0.68 USD/Liter [+]
Consumer Spending 29343135.49 28140899 26395792 27676046 30714073 32124110 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. 3/28/2017