Paraguay’s economy grew 4% year over year in the second quarter of 2026, easing from an upwardly revised 7.3% expansion in the previous quarter. Agriculture grew 11.1%, driven by higher production of soybeans, rice, beans, sunflower and tobacco, as well as corn, cotton, sesame and yerba mate. Net external demand made the largest contribution to GDP growth, with exports increasing 11.5% and imports falling 5.7%. Manufacturing expanded 1.8%, supported by higher production of oils, dairy products, sugar, beverages and tobacco, chemical and pharmaceutical products, paper, wood products, non-metallic minerals, base metals, and machinery and equipment. Construction grew 4.2%, reflecting increased activity in private projects and higher demand for key inputs. From the expenditure side, domestic demand fell 2.6% year over year, mainly due to an 11.8% contraction in gross fixed capital formation. Private consumption increased 3.2%, while government consumption rose 6.2%. source: Banco Central del Paraguay

The Gross Domestic Product (GDP) in Paraguay expanded 4 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay averaged 3.25 percent from 1995 until 2026, reaching an all time high of 14.00 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 October of 2026.

The Gross Domestic Product (GDP) in Paraguay expanded 4 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay is expected to be 2.70 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 4.00 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-26 05:00 PM
GDP Growth Rate YoY
Q1 5.8% 6.2% 4%
2026-09-25 05:00 PM
GDP Growth Rate YoY
Q2 4.0% 7.3% 4.7%
2026-12-23 05:00 PM
GDP Growth Rate YoY
Q3 4.0% 2.9%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.00 7.30 percent Jun 2026
GDP Constant Prices 63908687.60 69494433.30 PYG Million Jun 2026
GDP from Agriculture 4890594.80 7206683.70 PYG Million Jun 2026
GDP from Construction 4225700.20 4404325.70 PYG Million Jun 2026
GDP from Manufacturing 11700604.50 12865566.20 PYG Million Jun 2026
GDP from Services 31185434.20 32460918.50 PYG Million Jun 2026
GDP from Utilities 4721537.20 5091173.30 PYG Million Jun 2026
GDP Growth Rate -8.04 5.19 percent Jun 2026
Gross Fixed Capital Formation 19259167.30 19534493.30 PYG Million Jun 2026


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
4.00 7.30 14.00 -7.40 1995 - 2026 percent Quarterly

News Stream
Paraguay GDP Growth Slows in 2Q26
Paraguay’s economy grew 4% year over year in the second quarter of 2026, easing from an upwardly revised 7.3% expansion in the previous quarter. Agriculture grew 11.1%, driven by higher production of soybeans, rice, beans, sunflower and tobacco, as well as corn, cotton, sesame and yerba mate. Net external demand made the largest contribution to GDP growth, with exports increasing 11.5% and imports falling 5.7%. Manufacturing expanded 1.8%, supported by higher production of oils, dairy products, sugar, beverages and tobacco, chemical and pharmaceutical products, paper, wood products, non-metallic minerals, base metals, and machinery and equipment. Construction grew 4.2%, reflecting increased activity in private projects and higher demand for key inputs. From the expenditure side, domestic demand fell 2.6% year over year, mainly due to an 11.8% contraction in gross fixed capital formation. Private consumption increased 3.2%, while government consumption rose 6.2%.
2026-09-25
Paraguay Economy Grows in Q1 2026
Paraguay’s economy expanded 5.8% year-on-year in the first quarter of 2026, easing from a 6.2% increase in the previous quarter. The services sector rose 6.6% on strong performances in transportation, financial intermediation, household and government services, real estate, restaurants and hotels, business services, telecommunications, information services, and valuation services. Manufacturing activity increased 6.0%, supported by higher production of oils, dairy products, sugar, milling and bakery products, beverages and tobacco, chemical and pharmaceutical products, paper, wood, non-metallic minerals, basic metals, machinery and equipment, and other manufactured goods. Agriculture grew 8.2%, driven by stronger soybean, sugarcane, cassava, beans, sunflower, and tobacco output. The construction sector expanded 5.6% on faster private-sector project execution, while utilities rose 4.7%, supported by solid performances in electricity distribution, water supply, and sanitation.
2026-06-26
Paraguay GDP Annual Growth Eases in Q4
Paraguay's GDP expanded 6.2% year-on-year in Q4 2025, down from 6.7% in the previous quarter. Growth was driven by strong performance in services (5.7% vs 6.6% in Q3) and electricity and water (13.2% vs 8.3%), while agriculture rebounded sharply (20.8% vs 15.7%). On the other hand, expansion accelerated in construction (4.3% vs 3.4%) and in livestock, forestry, fishing and mining (3.9% vs 3.0%), whereas manufacturing eased (3.7% vs 7.3%). From the expenditure side, domestic demand rose 6.7%, slightly above the 6.2% recorded in Q3.
2026-03-27