Paraguay's GDP expanded 5.9% year-over-year in Q1 2025, up from 3.6% in the previous quarter. Growth was driven by strong performance in services (6% vs 4.8% in Q4), a rebound in utilities (8.3% vs -7.9%), continued expansion in construction (12.9% vs 13.6%), and manufacturing (6.6% vs 3.1%). Output in livestock, forestry, fishing, and mining surged 10.8% (vs 2.7%). Agriculture remained a drag, though its contraction eased (-3.4% vs -4.3%). From the expenditure side, domestic demand rose 9.3%, slightly below the 10.5% growth in Q4 2024. source: Banco Central del Paraguay

The Gross Domestic Product (GDP) in Paraguay expanded 5.90 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay averaged 3.10 percent from 1995 until 2025, 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 September of 2025.

The Gross Domestic Product (GDP) in Paraguay expanded 5.90 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay is expected to be 3.90 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 2.70 percent in 2026 and 3.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-28 06:00 PM
GDP Growth Rate YoY
Q4 3.6% 3.4% 4%
2025-06-27 06:00 PM
GDP Growth Rate YoY
Q1 5.9% 3.6% 2.1%
2025-09-26 08:30 PM
GDP Growth Rate YoY
Q2 5.9% 3.7%


Related Last Previous Unit Reference
GDP Growth Rate YoY 5.90 3.60 percent Mar 2025
GDP Constant Prices 63924208.62 61878559.13 PYG Million Mar 2025
GDP from Agriculture 5865238.51 3425607.48 PYG Million Mar 2025
GDP from Construction 4156512.19 3798806.01 PYG Million Mar 2025
GDP from Manufacturing 12113296.99 12096331.60 PYG Million Mar 2025
GDP from Services 29954214.16 31337566.80 PYG Million Mar 2025
GDP from Utilities 4819848.93 4279072.46 PYG Million Mar 2025
GDP Growth Rate 3.30 10.20 percent Mar 2025
Gross Fixed Capital Formation 19034651.00 18220384.00 PYG Million Mar 2025

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
5.90 3.60 14.00 -7.40 1995 - 2025 percent Quarterly

News Stream
Paraguay GDP Growth Accelerates in Q1
Paraguay's GDP expanded 5.9% year-over-year in Q1 2025, up from 3.6% in the previous quarter. Growth was driven by strong performance in services (6% vs 4.8% in Q4), a rebound in utilities (8.3% vs -7.9%), continued expansion in construction (12.9% vs 13.6%), and manufacturing (6.6% vs 3.1%). Output in livestock, forestry, fishing, and mining surged 10.8% (vs 2.7%). Agriculture remained a drag, though its contraction eased (-3.4% vs -4.3%). From the expenditure side, domestic demand rose 9.3%, slightly below the 10.5% growth in Q4 2024.
2025-06-27
Paraguay GDP Annual Growth Accelerates in Q4
Paraguay's gross domestic product grew by 3.6 percent year-on-year in the fourth quarter of 2024, accelerating from a downwardly revised 3.1 percent expansion in the previous period. This growth was driven by increased output in construction (13.6 percent vs 6.0 percent in Q3), and services (4.8 percent vs 3.2 percent), while the contraction for utilities eased (-7.9 percent vs -9.4 percent). However, growth eased for manufacturing (3.1 percent vs 3.8 percent), and livestock, forestry, fishing and mining (2.7 percent vs 13.4 percent), while output contracted for agriculture (-4.3 percent vs 0.9). On a quarterly basis, Paraguay’s GDP soared by 10.2% in the fourth quarter over the previous quarter.
2025-03-28
Paraguay GDP Annual Growth Eases in Q3
Paraguay's gross domestic product grew by 3.4 percent year-on-year in the third quarter of 2024, slowing from an upwardly revised 5 percent expansion in the previous period. This growth was driven by increased output in agriculture (2.9 percent vs 2.5 percent in Q2), construction (5.5 percent vs 4.7 percent), and livestock, forestry, fishing and mining (13.9 percent vs 5.4 percent). However, growth eased for services (3.2 percent vs 6.2 percent), as well as manufacturing (4.0 percent vs 5.8 percent), while there was a sharp contraction in output for utilities (-9.4 percent vs -8.6 percent).
2024-12-23