Paraguay
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2003-2004 , pp 179-185
- Publication Date: December 2004
- DOI: https://doi.org/10.18356/0bfda099-en
- Language: English
Paraguay’s gross domestic product (GDP) grew by 2.6% in 2003, thereby reversing the previous year’s contraction. This result was exclusively due to significant output growth in the agricultural sector (15%) as a result of good weather conditions, as non-agricultural activities shrank by 0.4%. Thanks to this recovery in GDP, the total nationwide unemployment rate eased from 16.4% in 2002 to 13% in 2003, Nevertheless, this completed a six-year period of very meagre growth in the Paraguayan economy.
© United Nations
ISBN (PDF):
9789211555202
Book DOI:
https://doi.org/10.18356/72d77e9d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Paraguay
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