In 2024, Paraguay’s GDP by sector shows significant diversification. Services dominate with 27.73%, reflecting a robust growth trajectory compared to 2023 figures. Mining, manufacturing, and utilities stand at 21.81%, indicating a slight increase due to sectoral development efforts. Agriculture, hunting, forestry, and fishing account for 18.97%, maintaining stability despite environmental challenges. Wholesale, retail trade, restaurants, and hotels comprise 15.55%, reflecting increased consumer spending. Construction and transport, storage, and communication sectors, at 9.82% and 6.12% respectively, demonstrate steady growth. Year-on-year variations indicate moderate sectoral shifts.
Future trends to watch include increased investments in the service sector, technological advancements enhancing manufacturing efficiency, and sustainable practices in agriculture. Additionally, infrastructure development is expected to bolster construction and transport, aligning with global trade demands.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 27.73 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21.81 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 18.97 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 15.55 | 2016 | |
| 5 | 5 Construction | 9.82 | 2016 | |
| 6 | 6 Transport, storage and communication | 6.12 | 2016 |
