Paraguay GDP Growth Rate
The Gross Domestic Product (GDP) in Paraguay expanded 2.20 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Paraguay averaged 1.36 Percent from 2008 until 2014, 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. GDP Growth Rate in Paraguay is reported by the Banco Central del Paraguay.
||2008 - 2014
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.