# Paraguay economic and fiscal projections

> Live situation record from CLSTR: https://clstr.news/situations/paraguay-economic-and-fiscal-projections
> Updated: 2026-10-23T14:30:22.000Z. Sources: 7. Developments: 2.

Paraguay is experiencing shifts in its economic landscape, driven by demographic changes and evolving fiscal management. The silver economy, representing the population over 50 years old, is a significant emerging market. This demographic currently accounts for US$ 10 billion in annual private consumption, or 19% of total national spending, and is projected to reach US$ 24 billion by 2043.

Concurrently, the Ministry of Economy and Finance has released its 2026 Public Finance Report. Following a 6.6% growth rate in 2025, the economy is projected to expand by 4.5% in 2026, supported by the services, manufacturing, agriculture, and electricity sectors. 

Fiscal projections indicate a temporary increase in the deficit to 3.2% in 2026 and 3.9% in 2027 to settle inherited debts with medical supply and road construction firms. The government intends to return to a 1.5% deficit limit by 2028. Central administration debt is expected to decrease from 36.1% of GDP in 2025 to 31.0% in 2026, aided by national currency appreciation.

## Timeline

### 2026-10-23: Ministry of Economy and Finance releases 2026 Public Finance Report

Paraguay's Ministry of Economy and Finance projects 4.5% GDP growth for 2026 and a reduction in central debt to 31.0% of GDP.

5 sources. https://clstr.news/cluster/ministry-of-economy-and-finance-releases-2026-public-finance-report

### 2026-10-14: Paraguay silver economy projected to reach US$ 24 billion by 2043

Paraguay's silver economy is projected to reach US$ 24 billion by 2043, driven by the growing purchasing power of the population over 50.

2 sources. https://clstr.news/cluster/paraguay-silver-economy-projected-to-reach-us-24-billion-by-2043

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Cite as: Paraguay economic and fiscal projections. CLSTR, https://clstr.news/situations/paraguay-economic-and-fiscal-projections