Paraguay [+]Compare [E]dit [H]istory

Aliases: Republic of Paraguay, Republica del Paraguay

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Object «Paraguay» has attributes

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
  • Argentina
  • Bolivia
  • Brazil
Coastline 0 km
Mean elevation 178 m
Lowest point 46 m
Highest point 842 m
People
Population 7,191,685
Official languages
  • Spanish
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.

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