Paraguay
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2004-2005 , pp 193-200
- Publication Date: December 2005
- DOI: https://doi.org/10.18356/1d280422-en
- Language: English
Paraguay's GDP grew by 4% in 2004, which was the highest rate since 1995. This result was not exclusively attributable to expansion in the agricultural sector (as in 2003), but was also driven by an upturn in non-agricultural activities, especially meat production and commerce. The rate of inflation dropped considerably, to 2.8%, but is expected to come in around 8% in 2005, which coincides with the maximum rate stipulated in Paraguay's agreement with IMF. Unemployment stood at 7.3%, compared to 8.1 % in 2003. A more moderate expansion of GDP, of around 2.8%, is forecast for 2005, as agricultural output drops and the economy faces less propitious international conditions.
© United Nations
ISBN (PDF):
9789211555684
Book DOI:
https://doi.org/10.18356/ffa7a71a-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Paraguay
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