General Information

Soy and soy derivatives constitute 40% of total exports. Paraguay is a significant producer of electric power and meat, which account for export sales of 23% and 13%, respectively, of the country's exports.
(Source: Central Bank)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 38,300

millions

0.8%

 

USD 5,394

 

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) 4.3% 5.0% 3.4% 0.0% -3.1% 4.1%
Nominal GDP (USD millions) 36,100 38,900 40,500 38,300 36,400 39,500
GDP per Head (USD) 5,309 5,638 5,786 5,394 5,127 5,486
Inflation (%) 3.9% 4.5% 3.2% 2.8% 2.1% 2.9%
Fiscal Balance (% GDP) -1.1% -1.1% -1.3% -2.8% -4.0% -3.2%
General Govt. gross debt (% GDP) 17.7% 18.3% 20.5% 23.5% 26.9% 27.2%
   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
Brazil 20.7%   China   31.7%
Argentina 10.3%   Brazil   23.7%
Chile 4.5%   Argentina   13.6%
Russia 3.8%   US   7.5%
           
By products     By products  
Agricultural products 66.8%   Manufactures 76.2%
Fuels and mining prod. 24.8%   Fuels and mining prod. 15.0%
Manufactures 8.1%   Agricultural products 8.6%
   
Balance of Payments (USD millions) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 11,688 12,981 13,184 12,112 11,502 12,193
Exports growth (%) 7.7% 11.1% 1.6% -8.1% -5.0% 6.0%
Imports of Goods 9,615 11,288 12,598 11,897 11,387 11,672
Imports growth (%) -5.3% 17.4% 11.6% -5.6% -4.3% 2.5%
Foreign Trade (% GDP) 59% 62% 64% 63% 63% 60%
             
Current Account Balance 1,305 1,214 -71 -447 -208 138
% GDP 3.6% 3.1% -0.2% -1.2% -0.6% 0.3%
Foreign Direct Investment 493 603 387 390 273 355
% GDP 1.4% 1.6% 1.0% 1.0% 0.8% 0.9%
   

 

Disclaimer

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