Economy / Paraguay
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Macroeconomic Forecast Paraguay
November 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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According the Inter-American Development Bank (IDB), remittances are likely to amount to US$650mn in 2006, increasing by 18.2% y-o-y (up from -9% y-o-y in 2005). The IDB estimates that that more than 360,000 Paraguayans live abroad, and the bank highlights that the inflows from expatriates working abroad represent an essential part of the country's economy. Indeed, remittances are likely to constitute 7.7% of GDP in 2006 (up from 7.1% y-o-y in 2005) and outstripped foreign direct investment inflows by 196% in 2005 (down