According to a report from Paraguay's Central Bank (BCP) released Wednesday in Asunción, the South American country's inflation in September stood at 0.2% for a cumulative 2.9% so far this year, which represented a yoy setback from the 2.5% in the same period of 2023.
The latest foreign trade report from the Central Bank of Paraguay (BCP) reveals that the country’s exports in May 2023 reached a total value of US$ 7,174.9 million, marking a significant 26.9% increase compared to the same month in the previous year.
The risk assessment agency Moody's continued to give Paraguay a stable “Ba1” rating at the end of July, despite the current shaky coronavirus economic scenario.
Paraguay's economy expanded 14.8% in the first quarter compared with the same period last year, driven mainly by farming, cattle-ranching and construction activity, the central bank said. GDP surged 8.8% in the first quarter versus the fourth quarter of 2012.