Paraguay GDP Growth Rate YoY
Owing primarily to an increase in agricultural commodity exports Paraguay's economy has grown at one of the quickest rates in Latin America in the previous decade. Soybean, cereal, and meat accounting for more than 65% of overall exports and nearly a quarter of the country's gross domestic product. The services sector accounts for the largest share of the country's GDP. 39% of the GDP is accounted for by financing, real estate, and business services, trade, communication, and restaurant and hotel, household, and government services. 25% of total wealth account for industry and mining, 21% account for agriculture, forestry, fishery, and cattle. The remaining 15% of GDP is accounted for by construction, water, and gas distribution.
A higher than expected figure should be seen as positive (bullish) for the PYG while a lower than expected figure should be seen as negative (bearish) for the PYG.
