Current account balance as a share of the GDP of Paraguay 2007-2029

The current account balance as a share of the GDP in Paraguay was forecast to continuously increase between 2024 and 2029 by in total 0.4 percentage points. According to this forecast, in 2029, the share will have increased for the fourth consecutive year to -0.21 percent.
This indicator expresses the current account balance as a share of the gross domestic product. With regards to the current account balance, the International Monetary Fund states that the current account refers to all transactions other than those in financial and capital items. The gross domestic product, on the other hand, refers to the total value of final goods and services produced during a year.

Find more key insights for the current account balance as a share of the GDP in countries like Chile, Uruguay, and Argentina.