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Paraguay:
Selected Economic Indicators, 2000-04 |
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Est. |
2004 |
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2000 |
2001 |
2002 |
2003 |
Prog. |
Proj. |
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(Annual
percent change) |
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National accounts and prices |
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GDP at current prices |
11.5 |
4.4 |
13.7 |
17.5 |
9.3 |
7.9 |
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GDP at constant prices |
-0.4 |
2.7 |
-2.3 |
2.6 |
2.4 |
2.1 |
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Consumption |
0.8 |
6.2 |
-5.1 |
5.3 |
2.4 |
1.7 |
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Investment |
-0.7 |
-17.5 |
-11.0 |
-3.7 |
7.6 |
8.5 |
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Net exports
(contribution |
-0.9 |
0.4 |
4.4 |
-1.9 |
-0.8 |
-0.7 |
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Exports |
-15.1 |
-0.4 |
14.3 |
13.1 |
0.2 |
4.9 |
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Imports |
-6.7 |
-1.6 |
-6.3 |
15.6 |
3.0 |
5.5 |
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GDP deflator |
11.9 |
1.7 |
16.4 |
14.5 |
6.7 |
5.7 |
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Consumer prices (average) |
9.0 |
7.3 |
10.5 |
14.2 |
7.5 |
4.8 |
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Consumer prices |
8.6 |
8.4 |
14.6 |
9.3 |
8.0 |
4.0 |
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Real effective exchange rate |
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Average (depreciation
-) |
-6.1 |
-3.5 |
-3.2 |
-6.0 |
... |
... |
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End-of-period |
1.2 |
-14.6 |
-2.6 |
9.5 |
... |
... |
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(In
millions of U.S. dollars) |
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External sector |
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Exports, f.o.b. |
2,322 |
1,883 |
1,882 |
2,014 |
2,111 |
2,096 |
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Imports, c.i.f. |
2,864 |
2,500 |
2,086 |
2,323 |
2,398 |
2,395 |
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Current account |
-163 |
-266 |
130 |
152 |
26 |
91 |
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(In percent of GDP) |
-2.1 |
-3.9 |
2.3 |
2.6 |
0.4 |
1.3 |
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Capital account |
157 |
150 |
57 |
125 |
116 |
40 |
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Overall balance |
-254 |
-45 |
-83 |
234 |
141 |
189 |
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Terms of trade |
-5.1 |
-0.2 |
6.9 |
9.4 |
-4.8 |
8.8 |
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Public sector |
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Central government primary balance |
-3.1 |
0.2 |
-1.7 |
0.9 |
1.5 |
1.4 |
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Central government overall balance |
-2.9 |
-4.4 |
-2.3 |
-0.3 |
0.2 |
0.2 |
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Consolidated public sector primary balance 1/ |
-2.6 |
1.0 |
-1.3 |
2.4 |
2.2 |
3.3 |
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Consolidated public sector overall balance 1/ |
-1.0 |
-3.3 |
-3.1 |
0.0 |
0.3 |
1.5 |
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Public sector external debt |
30.6 |
33.5 |
42.9 |
44.9 |
42.6 |
39.6 |
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Domestic public sector debt |
3.4 |
4.9 |
6.8 |
4.5 |
5.3 |
3.6 |
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(Annual
percent change) |
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Money and credit |
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Monetary base |
-1.3 |
5.8 |
-1.0 |
57.7 |
3.2 |
21.6 |
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M2 |
2.2 |
4.9 |
-2.2 |
24.9 |
17.0 |
13.8 |
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M5 2/ |
-0.1 |
1.5 |
-18.5 |
17.7 |
14.4 |
18.5 |
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Net foreign assets 3/ |
-5.4 |
-5.5 |
-12.8 |
32.4 |
4.8 |
9.4 |
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Net domestic assets 3/ |
5.3 |
7.0 |
-5.6 |
-14.7 |
9.6 |
9.2 |
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Credit to the |
2.3 |
3.5 |
5.2 |
-2.6 |
0.7 |
-7.9 |
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Credit to the |
-0.8 |
-0.7 |
-14.9 |
-12.8 |
6.3 |
5.5 |
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Velocity of M2 |
7.2 |
7.2 |
8.3 |
7.8 |
7.6 |
7.4 |
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Memorandum items: |
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International reserves |
772 |
723 |
641 |
983 |
855 |
1,080 |
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(In months of imports) |
3.2 |
3.6 |
2.9 |
4.3 |
3.5 |
4.5 |
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GDP (In billions of guaranies) |
26,921 |
28,119 |
31,977 |
37,559 |
40,779 |
40,529 |
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Sources: Paraguayan authorities; and IMF Staff
estimates. 1/ Consolidated public sector, including the
quasi-fiscal operations of the BCP. |
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1 Under Article IV of the IMF's
Articles of Agreement, the IMF holds bilateral discussions with members,
usually every year. A staff team visits the country, collects economic and
financial information, and discusses with officials the country's economic
developments and policies. On return to headquarters, the staff prepares
a report, which forms the basis for discussion by the Executive Board. At the
conclusion of the discussion, the Managing Director, as Chairman of the
Board, summarizes the views of Executive Directors, and this summary is
transmitted to the country's authorities. This PIN summarizes the views of
the Executive Board as expressed during the July 30, 2004 Executive Board
discussion based on the staff report. |
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