Paraguayan economy shows resilience and diversified growth, says Central Bank Chief - .::Agencia IP::.

Asunción, Agencia IP.- Economic activity indicators show diversified growth, with increased services, manufacturing, and construction sectors, surpassing Paraguay’s traditional economic pillars of agriculture and energy generation. Evidence of this can be seen in the January and February reports of the Monthly Economic Activity Indicator of Paraguay (IMAEP), compiled by the Central Bank. According to the […]

Asunción, Agencia IP.- Economic activity indicators show diversified growth, with increased services, manufacturing, and construction sectors, surpassing Paraguay’s traditional economic pillars of agriculture and energy generation.

Evidence of this can be seen in the January and February reports of the Monthly Economic Activity Indicator of Paraguay (IMAEP), compiled by the Central Bank. According to the institution’s president, Carlos Carvallo, the reports show a 5.9% growth rate.

«We’re beginning to see lately that the economy has experienced significant diversification. This year, we’re seeing that labor-intensive sectors are performing well: services, construction, and some manufacturing,» he noted in an interview with Paraguay’s National Radio.

This balanced growth across sectors helps sustain the overall growth rate despite negative variation in soybean production and the gradual recovery of energy generation—both affected by last year’s drought. These two products are among Paraguay’s primary export commodities.