The growth of the real gross domestic product (GDP) in Paraguay was forecast to continuously decrease between 2024 and 2029 by in total 0.3 percentage points. The growth is estimated to amount to 3.5 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Uruguay, Chile, and Argentina.

The Gross Domestic Product (GDP) in Paraguay was worth 42.96 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Paraguay represents 0.04 percent of the world economy. This dataset provides - Paraguay GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Paraguay was forecast to continuously increase between 2024 and 2029 by in total 13 billion U.S. dollars (+28.93 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 57.9 billion U.S. dollars and therefore a new peak in 2029. The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Uruguay, Argentina, and Chile.

The growth of the real gross domestic product (GDP) in Paraguay was forecast to continuously decrease between 2024 and 2029 by in total 0.3 percentage points. The growth is estimated to amount to 3.5 percent in 2029. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Chile, Argentina, and Uruguay.

Key information about Paraguay Nominal GDP Growth

• Paraguay Nominal GDP Growth was reported at 6.257 % in Sep 2024.
• This records a decrease from the previous number of 8.397 % for Jun 2024.
• Paraguay Nominal GDP Growth data is updated quarterly, averaging 9.740 % from Mar 1995 to Sep 2024, with 119 observations.
• The data reached an all-time high of 25.391 % in Jun 2008 and a record low of -5.951 % in Jun 2020.
• Paraguay Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Central Bank of Paraguay provides Nominal GDP in local currency.

The Gross Domestic Product per capita in Paraguay was last recorded at 6431.72 US dollars in 2023. The GDP per Capita in Paraguay is equivalent to 51 percent of the world's average. This dataset provides - Paraguay GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Construction in Paraguay increased to 3930671.28 PYG Million in the third quarter of 2024 from 3862996.50 PYG Million in the second quarter of 2024. This dataset provides - Paraguay Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Paraguay Tax revenue: % of GDP

• Paraguay Tax revenue: % of GDP was reported at 12.1 % in Sep 2024.
• This records a decrease from the previous number of 13.6 % for Jun 2024.
• Paraguay Tax revenue: % of GDP data is updated quarterly, averaging 8.9 % from Mar 1998 to Sep 2024, with 107 observations.
• The data reached an all-time high of 13.6 % in Jun 2024 and a record low of 6.3 % in Mar 2003.
• Paraguay Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Ministry of Finance provides Tax Revenue in local currency based on GFSM 2001. The Central Bank of Paraguay provides Nominal GDP in local currency. Tax Revenue covers Central Government only. Tax Revenue prior to Q1 2003 is based on GFS 1986.

Key information about Paraguay Investment: % of GDP

• Paraguay Investment accounted for 20.3 % of its Nominal GDP in Sep 2024, compared with a ratio of 19.3 % in the previous quarter.
• Paraguay investment share of Nominal GDP data is updated quarterly, available from Mar 1994 to Sep 2024, with an average ratio of 21.4 %.
• The data reached an all-time high of 34.4 % in Mar 2022 and a record low of 14.7 % in Jun 2016.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. The Central Bank of Paraguay provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Paraguay Investment: % of GDP

• In the latest reports, Paraguay GDP expanded 5.2 % YoY in Mar 2023.
• Paraguay Nominal GDP reached 11.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.9 % in Mar 2023.
• Paraguay GDP Per Capita reached 6,823.5 USD in Dec 2023.
• Its Gross Savings Rate was measured at 18.4 % in Sep 2024.

Key information about Paraguay External Debt: % of GDP

• Paraguay External Debt accounted for 56.2 % of the country's Nominal GDP in 2023, compared with the ratio of 54.6 % in the previous year.
• Paraguay External Debt: % of Nominal GDP data is updated yearly, available from Dec 2000 to Dec 2023.
• The data reached an all-time high of 215.2 % in Dec 2002 and a record low of 43.5 % in Dec 2013.

1.CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Central Bank of Paraguay provides External Debt in USD and Nominal GDP in local currency. The Central Bank of Paraguay average market exchange rate is used for currency conversions. External Debt prior to 2008 is based on BPM5.


Related information about Paraguay External Debt: % of GDP

• In the latest reports of Paraguay, Current Account recorded a deficit of 388.1 USD mn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 172.2 USD mn in Mar 2022.
• Paraguay Direct Investment Abroad expanded by 157.0 USD mn in Mar 2022.
• Its Foreign Portfolio Investment remained the same 0.0 USD mn in Sep 2024.
• The country's External Debt reached 21,762.3 in Sep 2022.
• The country's Nominal GDP was reported at 11.0 USD bn in Mar 2023.

GDP from Agriculture in Paraguay decreased to 2675349.19 PYG Million in the third quarter of 2024 from 4124566.98 PYG Million in the second quarter of 2024. This dataset provides - Paraguay Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pertumbuhan PDB Nominal Paraguay dilaporkan sebesar 6.257 % pada 2024-09. Rekor ini turun dibanding sebelumnya yaitu 8.397 % untuk 2024-06. Data Pertumbuhan PDB Nominal Paraguay diperbarui triwulanan, dengan rata-rata 9.740 % dari 1995-03 sampai 2024-09, dengan 119 observasi. Data ini mencapai angka tertinggi sebesar 25.391 % pada 2008-06 dan rekor terendah sebesar -5.951 % pada 2020-06. Data Pertumbuhan PDB Nominal Paraguay tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

The total investment as a share of the GDP in Paraguay was forecast to increase between 2024 and 2029 by in total one percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The share is estimated to amount to 22.86 percent in 2029. This indicator describes the ratio of total investment in current local currency and GDP in current local currency. The International Monetary Fund defines the total investment as the overall value of the gross fixed capital formation aswell as changes in inventories and acquisitions less disposals of valuables. The gross domestic product, on the other hand, represents the total value of final goods and services produced during a year.Find more key insights for the total investment as a share of the GDP in countries like Uruguay, Argentina, and Chile.

A paraguayi bruttó hazai termék (GDP) 1,38 százalékkal csökkent a 2024. harmadik negyedévben az előző negyedévhez képest. Az oldal aktuális és múlbeli adatokat, elorejelzéseket, statisztikákat, grafikonokat és a gazdasági naptár adatait tartalmazza - Paraguay - GDP Növekedési Ráta.

Key information about Paraguay Public Consumption: % of GDP

• Paraguay Public Consumption accounted for 13.0 % of its Nominal GDP in Sep 2024, compared with a share of 12.2 % in the previous quarter.
• Paraguay Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1994 to Sep 2024, with an average number of 10.0 %.
• The data reached an all-time high of 15.4 % in Dec 2021 and a record low of 6.1 % in Mar 2008.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Central Bank of Paraguay provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Paraguay Public Consumption: % of GDP

• In the latest reports, Paraguay GDP expanded 5.2 % YoY in Mar 2023.
• Paraguay Nominal GDP reached 11.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.9 % in Mar 2023.
• Paraguay GDP Per Capita reached 6,823.5 USD in Dec 2023.
• Its Gross Savings Rate was measured at 18.4 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 20.3 % in Sep 2024.
• Private Consumption accounted for 68.6 % in Sep 2024.

GDP of Paraguay decreased by 3.02% from 11,298.3 million US dollars in 2024Q2 to 10,957.0 million US dollars in 2024Q3. Since the 4.22% rise in 2024Q1, GDP fell by 2.82% in 2024Q3. GDP is sum of gross value added, at purchaser prices converted at market exchange rates to current U.S. dollars, by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output. It is calculated without deducting for depreciation of fabricated capital assets or for depletion and degradation of natural resources.

Paraguay recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Paraguay Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) deflator in Paraguay was forecast to continuously increase between 2024 and 2029 by in total 29.3 points (+20.53 percent). After the twenty-second consecutive increasing year, the GDP deflator is estimated to reach 172 points and therefore a new peak in 2029. Notably, the gross domestic product (GDP) deflator was continuously increasing over the past years.Find more key insights for the gross domestic product (GDP) deflator in countries like Uruguay, Argentina, and Chile.

Key information about Paraguay Foreign Portfolio Investment: % of GDP

• Paraguay Foreign Portfolio Investment: % of GDP was reported at 0.0 % in Sep 2024.
• This stayed constant from the previous number of 0.0 % for Jun 2024.
• Paraguay Foreign Portfolio Investment: % of GDP data is updated quarterly, averaging 0.0 % from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 0.0 % in Mar 2003 and a record low of -0.0 % in Jun 2003.
• Paraguay Foreign Portfolio Investment: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Portfolio Investment: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Foreign Portfolio Investment as % of Nominal GDP from quarterly Foreign Portfolio Investment and quarterly Nominal GDP. The Central Bank of Paraguay provides Foreign Portfolio Investment in USD based on BPM6 and Nominal GDP in local currency. The Central Bank of Paraguay average market exchange rate is used for currency conversions. Foreign Portfolio Investment as % of Nominal GDP prior to Q1 2008 is calculated from Foreign Portfolio Investment based on BPM5.

Key information about Paraguay Foreign Exchange Reserves: % of GDP

• Paraguay Foreign Exchange Reserves: % of GDP was reported at 19.403 % in Sep 2024
• This records a decrease from the previous number of 20.620 % for Jun 2024
• Paraguay Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 13.364 % from Dec 1994 to Sep 2024, with 120 observations
• The data reached an all-time high of 24.855 % in Mar 2021 and a record low of 4.823 % in Mar 1998
• Paraguay Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. Foreign Exchange Reserves is calculated as the sum of International Reserves in USD, Sight and Time Deposits in Other Currencies and Net Reserves with Latin American Integration Association (ALADI). The Central Bank of Paraguay provides Foreign Exchange Reserves in USD and Nominal GDP in local currency. The Central Bank of Paraguay average market exchange rate is used for currency conversions.