Executive Insights: Paraguay Central Bank President José Cantero
José Cantero, president of the Central Bank of Paraguay sits down with Global Finance to discuss how the current state of the world is affecting Paraguay’s economy.
Paraguay GDP and Economic Data
Country Report 2017 - Includes Paraguay real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Paraguay economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Paraguay best banks and safest banks are also available.
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International Reserves
USD 6.6 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 28.6 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 67.9 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 4.8% | 5.4% | 6.4% | -4% | 13.1% | 4.3% | -1.2% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 14% | 4.7% | 3.1% | 3.5% | 3.6% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.06% | 0.06% | 0.05% | 0.05% | 0.05% |
*Estimate
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GDP - composition by sector
- agriculture: 17.1%
- industry: 27.3%
- services: 55.6%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 2.7% | 5.0% | 3.1% | 4.1% | 4.1% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 5.0% | 6.0% | 6.1% | 5.9% | 5.5% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 17% | 20.2% | 24.2% | 25.5% | 25.6% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -1.4% | -0.7% | -1.3% | -1.1% | -1.1% |
*Estimate
Government bond ratings
Standard & Poor's: BB
Moody's: Ba1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-0.5% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
42.7% (2015)
Shares in world total merchandising export
0.05% (2015)
Shares in world total commercial services export
0.02% (2015)
Export commodities
Soybeans, livestock feed, cotton, meat, edible oils, wood, leather
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Import commodities
Road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts
Exports - major partners
Brazil 31.7%, Russia 9.1%, Chile 7.1%, Argentina 7% (2015)
Imports - major partners
Brazil 25.4%, China 23.7%, Argentina 14.8%, US 7.9% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 72 million | USD 346 million | USD 283 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 2.3 million | USD -31.8 million | USD -7.3 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 106 out of 190 countries (2017)
Subcategories:
Starting a business: 143 out of 190 countries
Enforcing Contracts: 74 out of 190 countries
Registering Property: 76 out of 190 countries
Getting Credit: 101 out of 190 countries
Protecting Minority Investors: 137 out of 190 countries
Trading Across Borders: 116 out of 190 countries
Paying Taxes: 153 out of 190 countries
Dealing with Construction Permits: 56 out of 190 countries
Getting Electricity: 102 out of 190 countries
Resolving Insolvency: 102 out of 190 countries
Source
Global competitiveness ranking
117 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 83 / Score: 61.46 (Moderately free) (2016)
(100=totally free 0=totally repressed)
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Source
Religions
Roman Catholic 89.6%, Protestant 6.2%, other Christian 1.1%, other or unspecified 1.9%, none 1.1% (2002 census)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 4.138 million | 5.284 million | 6.266 million | 6.855 million | 7.353 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 36% | 42% | 55% | 60% |
Population growth rate
1.17% (2016 estimate)
Literacy
Total population: 93.9%
Male: 94.8%
Female: 92.9% (2010 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
2.3% (2014)
Inequality of wealth distribution (Gini index)
51.7 (2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 5.46% Mobile 105.39% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)