| Attribute | Value |
|---|---|
| Geography | |
| Area | 406,752 km² |
| Continent | South America |
| Land area | 397,302 km² |
| Water area | 9,450 km² |
| Land boundaries | 4,655 km |
| Border countries |
|
| Coastline | 0 km |
| Mean elevation | 178 m |
| Lowest point | 46 m |
| Highest point | 842 m |
| People | |
| Population | 7,191,685 |
| Official languages |
|
| Religion | Roman Catholic |
| Government | |
| Long country name | Republic of Paraguay |
| Short country name | Paraguay |
| Long local name | Republica del Paraguay |
| Short local name | Paraguay |
| Former name | Add |
| Government type | Presidential republic |
| Capital | Asuncion |
| Economy | |
| GDP (PPP) | 88,910,000,000 USD |
| GDP (OER) | 38,940,000,000 USD |
| GDP (real growth rate) | 4.8 % |
| GDP - per capita (PPP) | 12,800 USD |
| Gross national saving | 18.6 % of GDP |
| Labor force | 3,428,000 |
| Unemployment rate | 5.7 % |
| Population below poverty line | 22.2 % |
| Budget revenues | 5,524,000,000 USD |
| Budget expenditures | 5,968,000,000 USD |
| Military expenditures | 0.93 % of GDP |
| Taxes and other revenues | 14.2 % of GDP |
| Budget surplus or deficit | -1.1 % of GDP |
| Public debt | 19.5 % of GDP |
| Inflation rate | 3.6 % |
| Central bank discount rate | 5.5 % |
| Commercial bank prime lending rate | 17 % |
| Stock of narrow money | 5,117,000,000 USD |
| Stock of broad money | 5,117,000,000 USD |
| Stock of domestic credit | 12,910,000,000 USD |
| Market value of publicly traded shares | 962,300,000 USD |
| Current account balance | -298,000,000 USD |
| Exports | 11,730,000,000 USD |
| Imports | 11,350,000,000 USD |
| Reserves of foreign exchange and gold | 7,877,000,000 USD |
| External debt | 17,700,000,000 USD |
| National currency | guarani |
| National currency (code) | PYG |
| National currency (symbol) | Gs |
| National currency rate to USD | 5 |
Paraguay achieved its independence from Spain in 1811. In the disastrous War of the Triple Alliance (1865-70) - between Paraguay and Argentina, Brazil, and Uruguay - Paraguay lost two-thirds of its adult males and much of its territory. The country stagnated economically for the next half century. Following the Chaco War of 1932-35 with Bolivia, Paraguay gained a large part of the Chaco lowland region. The 35-year military dictatorship of Alfredo STROESSNER ended in 1989, and Paraguay has held relatively free and regular presidential elections since the country's return to democracy.