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.