Government Consumption in Paraguay
The economy of Paraguay recorded an average growth rate of 2.9% in government consumption in the decade leading to 2022. In 2022, government consumption growth was -5.7%.
Paraguay Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Paraguay from 2023 to 2022.
Source: Macrobond.
Paraguay Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 4.7 | 5.1 | 2.6 | -2.2 | 5.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Paraguayan government consumption projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Paraguayan government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Paraguayan government consumption projections.
Want to get access to the full dataset of Paraguayan government consumption forecasts? Send an email to info@focus-economics.com.