Paraguay: Recent Economic Developments

International Monetary Fund

No 1999/010, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Paraguay during the 1990s. After recording a growth rate of 1.3 percent in 1996, real GDP expanded by 2.6 percent in 1997, or about the same rate as population growth. This reflected mainly a recovery in agricultural output owing to abundant rains. GDP growth suffered a new setback in 1998, with preliminary estimates showing a growth rate of only 0.6 percent, owing mainly to the continued stagnation in the manufacturing sector and a reduction of trade-related activities owing to tighter border controls in Brazil.

Keywords: ISCR; CR; central bank; foreign currency; exchange rate; current account; U.S. dollar; trade balance; banking system; Public sector; Public enterprises; Agricultural commodities; Asia and Pacific; Western Hemisphere; Europe; Africa (search for similar items in EconPapers)
Pages: 54
Date: 1999-03-05
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