Paraguay GDP Growth Rate

The Gross Domestic Product (GDP) in Paraguay contracted 0.10 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Paraguay is reported by the Banco Central del Paraguay. GDP Growth Rate in Paraguay averaged 1.32 Percent from 2008 until 2013, reaching an all time high of 10.90 Percent in the first quarter of 2013 and a record low of -5 Percent in the first quarter of 2012. In the last decade, Paraguay has been one of the fastest growing economies in Latin America. From 2008 to 2012, the country has been expanding at an average rate of 0.93 percent on a quarter over quarter basis, 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 output. Yet, high poverty, inequality rates and corruption, remain the biggest challenges that the country has to face in order to reach its growth potential. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.10 1.40 10.90 -5.00 3.37 | 2014/03 2008 - 2013 Percent Quarterly

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Paraguay GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-21 06:30 PM Paraguay
GDP Growth Rate QoQ
Q1 2013 8.8% -0.5% 1.87%
2013-09-27 09:30 PM Paraguay
GDP Growth Rate QoQ
Q2 2013 0.1% 9.7% (R) 6.46%
2013-12-20 05:00 PM Paraguay
GDP Growth Rate QoQ
Q3 2013 1.4% 0.3% (R) 5.89%
2014-03-28 02:00 PM Paraguay
GDP Growth Rate QoQ
Q4 2013 -0.1% 1.4% 4.29%
2014-06-20 02:00 PM Paraguay
GDP Growth Rate QoQ
Q1 2014 -0.1% 3.37%
2014-09-26 02:00 PM Paraguay
GDP Growth Rate QoQ
Q2 2014 2.25%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 25.50 2012-12-31 26.01 26.01 0.40 27.92 2013-12-31 USD Billion [+]
GDP Growth Rate -0.10 2013-12-31 1.40 10.90 -5.00 3.37 2014-03-31 Percent [+]
GDP Annual Growth Rate 12.10 2013-12-31 13.70 16.40 -7.40 21.42 2014-03-31 Percent [+]
GDP per capita 1718.31 2012-12-31 1769.65 1769.65 569.51 1694.63 2013-12-31 USD [+]
GDP per capita PPP 5289.77 2012-12-31 5447.81 5447.81 3851.47 5271.17 2013-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Paraguay Interest Rate at 6.75 Percent  
The benchmark interest rate in Paraguay was last recorded at 6.75 percent. Interest Rate in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Minimum Wages at 1658.23 PYG Thousand  
Minimum Wages in Paraguay remained unchanged at 1658.23 PYG Thousand in January of 2014 from 1658.23 PYG Thousand in December of 2013. Minimum Wages in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Balance of Trade at 86778.19 USD Thousands  
Paraguay recorded a trade surplus of 86778.19 USD Thousands in March of 2014. Balance of Trade in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Exports at 951346.76 USD Thousands  
Exports in Paraguay increased to 951346.76 USD Thousands in March of 2014 from 863523 USD Thousands in February of 2014. Exports in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Imports at 864568.56 USD Thousands  
Imports in Paraguay increased to 864568.56 USD Thousands in March of 2014 from 854731 USD Thousands in February of 2014. Imports in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Current Account at -238.10 USD Million  
Paraguay recorded a Current Account deficit of 238.10 USD Million in the fourth quarter of 2013. Current Account in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Inflation Rate at 6.10 Percent  
The inflation rate in Paraguay was recorded at 6.10 percent in March of 2014. Inflation Rate in Paraguay is reported by the Banco Central del Paraguay.
Paraguay GDP Annual Growth Rate at 12.10 Percent  
The Gross Domestic Product (GDP) in Paraguay expanded 12.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay is reported by the Banco Central del Paraguay.
Paraguay GDP Growth Rate at -0.10 Percent  
The Gross Domestic Product (GDP) in Paraguay contracted 0.10 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Paraguay is reported by the Banco Central del Paraguay.
Paraguay Corporate Tax Rate at 10.00 percent  
The Corporate Tax Rate in Paraguay stands at 10 percent. Corporate Tax Rate in Paraguay is reported by the Dirección General de Administración y Finanzas.
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