Source
Central bank

Central Bank of Paraguay

International Reserves

USD 7.7 billion (2018)

Gross Domestic Product - GDP

USD 41.6 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 94.5 billion (2018, estimate)

Real GDP growth
2014 2015 2016 2017* 2018*
4.9% 3.1% 4.3% 5.0% 3.7%

*Estimate

GDP per capita - current prices

USD 5,898.8 (2018, estimate)

GDP per capita - PPP

Intl$ 13,395.3 (2018, estimate)

GDP (PPP) - share of world total

0.07% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 10.5% 
  • industry: 33.6% 
  • services: 48.4%

(2016 estimate)

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

N/A

 

Inflation
2014 2015 2016 2017* 2018*
3.1% 4.1% 3.6% 4.0% 3.5%

*Estimate

Unemployment rate
2014 2015 2016 2017* 2018*
5.4% 6.0% 5.2% 5.6% 6.1%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
18.6% 19.4% 19.8% 21.5% 23.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-1.8% -0.4% -0.9% -1.3% -0.8%

*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

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD 0.2 billion (2018 estimate)

Current account balance by percentage of GDP

0.5 % (2018 estimate)

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

35.7% (2018)

Shares in world total merchandising export

0.05% (2018)

Shares in world total commercial services export

0.02% (2018)

Total exports

USD 14.4 billion (2018)

Export commodities

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

Total imports

USD 13.9 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Brazil 31.9%, Argentina 15.9%, Chile 6.9%, Russia 5.9% (2017)

Imports - major partners

China 31.3%, Brazil 23.4%, Argentina 12.9%, US 7.4% (2017)

FDI inflows
2016 2017 2018
USD 371 million USD 456 million USD 454 million
Value of cross-border M&A, by country of purchaser

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: 125 out of 190 countries (2019

Subcategories:

Starting a Business: 160 out of 190 countries

Dealing with Construction Permits: 75 out of 190 countries

Getting Electricity: 109 out of 190 countries

Registering Property: 80 out of 190 countries

Getting Credit: 132 out of 190 countries

Protecting Minority Investors: 143 out of 190 countries

Paying Taxes: 126 out of 190 countries

Trading across Borders: 128 out of 190 countries

Enforcing Contracts: 72 out of 190 countries

Resolving Insolvency: 105 out of 190 countries

World Bank - Doing Business 2019

Global competitiveness ranking

97 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 85 / Score: 61.8 (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

Presidential republic

Languages

Spanish (official) and Guarani (official) 46.3%, only Guarani 34%, only Spanish 15.2%, other (includes Portuguese, German, other indigenous languages) 4.1% , no response .4% (2012 est.)

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 2015 2020*
4.14 million 5.28 million 6.27 million 6.76 million 7.25 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
35.6% 41.7% 55.3% 61.6%
Population median age

28.7

Population growth rate

1.17% (2018 estimate)

Life expectancy

77.6 years (2018 estimate)

Literacy

Total population: 94.7% 
Male: 95.5% 
Female: 93.8%
Definition: age 15 and over can read and write (2016 est.)

% of population living on less than $3.10 a day

5.6% (last available estimate, 2017)

Inequality of wealth distribution (Gini index)

48.8 (last available estimate, 2017)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed: 4.4% Mobile: 107% (2018) (fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

64.99 % (2018)

Mercer Cost of living index

Asunción: 186th (2019)

CO2 emissions

0.86 metric tons per capita (2014)

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