Land locked and Mercosur member Paraguay exports reached US$ 17,3 billion in 2023, according to the country's Central Bank International Trade Report. This represents a 24,8% increase in US dollars over a similar period a year before. The success is attributed to larger shipments of soybeans, rice and soy flour.
Paraguay's Central Bank (BCP) confirmed Thursday in Asunción that after 2 years of overshooting the target, inflation in 2023 resulted according to plan. After the Consumer Price Index (CPI) exceeded 6% in 2021 and 2022, it ended at 3.7% in 2023. The BCP had set a 4% cap for the current exercise and could thus herald hopeful expectations for the year ahead.
The Central Bank of Paraguay (BCP) issued a report on Friday confirming that the South American country's Gross Domestic Product (GDP) grew by 4.7% in the third quarter of 2023, after a 3.6% increase over the same period last year, boosted by energy and services, it was reported in Asunción.
Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.
The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.
According to a foreign trade report issued by the Central Bank of Paraguay (BCP) on Friday in Asunción, the South American country suffered a 25.4% drop in corn exports in October compared to the same period last year.
Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.
According to the Central Bank of Paraguay (BCP), direct investment in the South American country reached a record US$ 725 million last year, it was reported Tuesday in Asunción.
Paraguay's Central Bank (BCP) will target a 4% inflation for the year 2023 after a slowdown has already been detected, BCP Chief Economist Miguel Mora said Wednesday. The monetary authority will also seek to guarantee price stability for local consumers despite a depreciation of the guaraní (₲) against the US dollar.
Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.