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 42

millions

0.8%

 

USD 6,116

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 3.1% 4.3% 5.2% 4.0% 3.5% 3.3%
Nominal GDP (USD millions) 36 36 39 42 45 47
GDP per Head (USD) 5,485 5,388 5,779 6,116 6,386 6,563
Inflation (%) 3.1% 3.9% 4.5% 3.2% 3.9% 3.0%
Fiscal Balance (% GDP) -1.3% -1.1% -1.1% -1.3% -1.4% -1.5%
General Govt. gross debt (% GDP) 16.5% 17.7% 18.3% 18.2% 18.6% 19.2%
   

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) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 10,849 11,688 12,990 13,955 14,518 15,119
Exports growth (%) -15.7% 7.7% 11.1% 7.4% 4.0% 4.1%
Imports of Goods 10,150 9,617 11,288 12,652 12,811 13,519
Imports growth (%) -15.0% -5.3% 17.4% 12.1% 1.3% 5.5%
Foreign Trade (% GDP) 58% 59% 62% 63% 61% 61%
             
Current Account Balance -145 1,276 1,215 833 1,312 1,275
% GDP -0.4% 3.5% 3.1% 2.0% 2.9% 2.7%
Foreign Direct Investment 481 452 507 705 850 867
% GDP 1.3% 1.3% 1.3% 1.7% 1.9% 1.9%
   

 

Disclaimer

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