Paraguay


Paraguay Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Paraguay; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Paraguay
International Reserves US$ 4.983 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 22.363 billion (2010 estimate)
GDP (Purchasing Power Parity) 35.262 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.1% 0% 3.8% 4.1% 2.9% 4.3% 6.8% 5.8%
2009 2010 2011 2012*
-3.8% 15% 3.8% -1.5%

*Estimate

GDP per capita - current prices US$ 3,357 (2008 estimate)
GDP per capita - PPP $5,294 International Dollars (2008 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.05% 0.05% 0.04% 0.05% 0.05%

**Forecast

GDP - composition by sector
  • agriculture: 23.1% 
  • industry: 19.2% 
  • services: 57.7% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2.6%(2008) 4.7% 6.6% 5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6.4% 5.7% 5.6%(2009) 5.8%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
19% 18% 15% 13.7% 13.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
3% 0.5% 1.4% 1.2% -2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB-

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$409.1 million US$42 million US$958.1 million
Largest companies in Paraguay N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -783 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -3.5% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

57.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.04% (2011)(2007)

(Data were released in 2012)

Total exports US$4.7 billion (2012 estimate) 
Export commodities soybeans, feed, cotton, meat, edible oils, wood, leather
Total imports US$9.7 billion (2012 estimate) 
Import commodities road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts
Exports - major partners Uruguay 15.4%, Brazil 11.7%, Argentina 10.4%, Chile 8.5%, Russia 6.7%, Netherlands 5.6%, Germany 4.4%, Italy 4% (2009 estimate)
Imports - major partners Brazil 27.4%, China 16.9%, US 15%, Argentina 14.8%, Chile 4.4% (2009 estimate)
FDI inflows
2009 2010 2011
US$94 million US$228 million(2009) US$303 million(2009)
FDI outflows
2009 2010 2011
US$8 million US$-4 million N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 103 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 111 out of 185 countries(2009)

Enforcing Contracts: 106 out of 185 countries

Registering Property: 67 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 70 out of 185 countries

Trading across border: 155 out of 185 countries

Paying Taxes: 141 out of 185 countries

Dealing with Construction Permits: 71 out of 185 countries

Getting Electricity: 26 out of 185 countries

Resolving Insolvency: 144 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
116

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 79 Score: 61.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 406,752 km2 (2006)
Capital Asuncion (2009)
Currency guarani (PYG) (2009)
Government type constitutional republic (2009)
Languages Spanish (official), Guarani (official)
Religions Roman Catholic 89.6%, Protestant 6.2%, other Christian 1.1%, other or unspecified 1.9%, none 1.1% (2002 census)
Total population
1980 1990 2000 2012* 2017**
3.11 million 4.09 million 5.31 million 6.66 million 7.35 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
35.6% 41.7% 55.3% 61.9%
Population median age 23 years (2010)
Population growth rate 1.7% (2011)
Life expectancy 72 years (2010)
Adult literacy 95% (2005/2010)
% of population living on less than $2 a day 13.2% (2011)
Inequality of wealth distribution (Gini index)

52.42 (2010)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

104.95% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 23.9% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Asunción: 204th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.7124 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Central and Eastern Europe, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Itaú Unibanco (2012)
2011:
  • COUNTRY WINNERS BBVA Paraguay (National, 2011)
2010:
  • COUNTRY WINNERS Interbanco (Amando Tetangco Jr., 2010)
2009:
  • COUNTRY WINNERS Interbanco (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Banco Itaú Paraguay (National, 2012)
2009:
  • COUNTRY WINNERS Interbanco (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Banco Itaú Paraguay (Amando Tetangco Jr., 2013)
2012:
  • COUNTRY WINNERS Banco Itaú Paraguay (2012)
2011:
  • COUNTRY WINNERS Banco Itaú Paraguay (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE