Paraguay: Making The Right Moves

Paraguay: Making The Right Moves

Paraguay has emerged from the shadows of its larger neighbors Brazil and Argentina to become the “little China” of South America. Its against-the-odds economic success story is sustained by an investment-friendly climate and strong fiscal discipline.

 
 
Source
Central bank

Central Bank of Paraguay

International Reserves

USD 6.6 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 28.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 67.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.8% 5.4% 6.4% -4% 13.1% 4.3% -1.2%
2013 2014 2015 2016* 2017*    
14% 4.7% 3.1% 3.5% 3.6%    

*Estimate

GDP per capita - current prices

USD 4,110.2 (2017, estimate)

GDP per capita - PPP

Intl$ 9,761.0 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.06% 0.05% 0.05% 0.05%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 17.1% 
  • industry: 27.3% 
  • services: 55.6%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
2.7% 5.0% 3.1% 4.1% 4.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
5.0% 6.0% 6.1% 5.9% 5.5%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
17% 20.2% 24.2% 25.5% 25.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-1.4% -0.7% -1.3% -1.1% -1.1%

*Estimate   

Government bond ratings

Standard & Poor's: BB

Moody's: Ba1

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.2 billion (2017 estimate)

Current account balance by percentage of GDP

-0.5% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

42.7% (2015)

Shares in world total merchandising export

0.05% (2015)

Shares in world total commercial services export

0.02% (2015)

Total exports

USD 11.9 billion (2016 estimate)

Export commodities

Soybeans, livestock feed, cotton, meat, edible oils, wood, leather

Total imports

USD 10.2 billion (2016 estimate)

 
 
Source
Import commodities

Road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts

Exports - major partners

Brazil 31.7%, Russia 9.1%, Chile 7.1%, Argentina 7% (2015)

Imports - major partners

Brazil 25.4%, China 23.7%, Argentina 14.8%, US 7.9% (2015)

FDI inflows
2013 2014 2015
USD 72 million USD 346 million USD 283 million
FDI outflows
2013 2014 2015
USD 2.3 million USD -31.8 million USD -7.3 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 106 out of 190 countries (2017)

Subcategories:

Starting a business: 143 out of 190 countries

Enforcing Contracts: 74 out of 190 countries

Registering Property: 76 out of 190 countries

Getting Credit: 101 out of 190 countries

Protecting Minority Investors: 137 out of 190 countries

Trading Across Borders: 116 out of 190 countries

Paying Taxes: 153 out of 190 countries

Dealing with Construction Permits: 56 out of 190 countries

Getting Electricity: 102 out of 190 countries

Resolving Insolvency: 102 out of 190 countries

Global competitiveness ranking

117 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 83 / Score: 61.46 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-4

Total area

406,752 sq km

Capital

Asuncion

Currency

guarani (PYG)

Government type

constitutional republic

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
1990 2000 2010 2014* 2019**
4.089 million 5.346 million 6.451 million 6.914 million 7.544 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
35.6% 42% 55% 59%
Population median age

26.8 years (2014 est.)

Population growth rate

1.19% (2014 est.)

Life expectancy

76.8 years (2014 estimate)

Adult literacy

93.9% (2010 estimate)

% of population living on less than $2 a day

7.7% (2012)

Inequality of wealth distribution (Gini index)

48.0 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

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

Total telephone subscribers as % of population

Fixed 5.9%   Mobile 103.7%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

36.90% (2013)

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)

Asuncion 176th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.8 (2010)

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World's Best Banks

2013

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