From the supply perspective, the year-on-year behavior was influenced by the positive performances recorded in services (5%), manufacturing (5.5%), livestock (4.9%), electricity and water (0.8% ) and, to a lesser extent, agriculture (0.4%).

The Gross Domestic Product (GDP) of Paraguay grew by 4.3% in the first quarter of the year compared to the same period of the previous year, as disclosed this Friday by the Central Bank of Paraguay.

From the supply perspective, the year-on-year behavior was influenced by the positive performances recorded in services (5%), manufacturing (5.5%), livestock (4.9%), electricity and water (0.8% ) and, to a lesser extent, agriculture (0.4%).

However, the negative result of construction (with a drop of 2.1%) attenuated the favorable performance of economic activity.

From the perspective of spending, the components with positive year-on-year incidences were private consumption, net exports and government consumption. However, gross capital formation has had a negative impact.

External demand again presented favorable dynamics in the first quarter of 2024. Exports registered a year-on-year increase of 8.2%. Imports of goods and services presented an interannual increase of 5.1% in the first quarter of 2024.