Official Name: | The Republic of Paraguay |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Republic |
Official Name (Local Language): | Republica del Paraguay |
ISO Country Codes: | PY : PRY |
Internet Domain: | .py |
Government Web Site: | https://www.paraguay.gov.py/ |
Capital: | Asuncion | Main Airports: | Silvio Pettirossi International Airport |
Language(s): | Spanish;Guarani | Population: | 7,272,639 |
Currency: | Paraguay Guarani | ISO Currency Code: | PYG |
Telephone Dial In: | +595 | ID Prefix: | 002 |
Government Website: | https://www.paraguay.gov.py/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/paraguay |
Central Bank: | Banco Central del Paraguay |
Currency USD Exchange Rate: | 7,045 guarani (PYG) per US dollar (2020 est.) |
Unemployment Rate: | 5.7% (2017 est.) |
Population below poverty line: | 22.2% (2015 est.) |
Inflation Rate: | 3.6% (2017 est.) |
Prime Lending Rate: | 18.10% (2017 - World Bank) |
GDP: | $38.94 billion (2017 est.) |
GDP Pro Capita (PPP): | $12,685 (2019 est.) |
Currency Name: | Paraguay Guarani |
Currency Code: | PYG |
World Bank Classification: | Upper Middle Income |
GDP Composition:
Agriculture: | 17.1% | cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (manioc, tapioca), fruits, vegetables; beef, pork, eggs, milk; timber |
Industry: | 27.3% | sugar, cement, textiles, beverages, wood products, steel, base metals, electric power |
Services: | 55.6% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | Spanish |
Customs & Excise: | Dirección Nacional de Aduanas |
Development Bank(s): | Development Bank of Latin America; Banco Nacional de Fomento; Inter-American Development Bank; |
National Standards Bureau: | Instituto Nacional de Tecnología, Normalización y Metrología (INTN) |
Competitive Ind’l Performance: 97/141 (2019) | Corruption Perceptions Index: 137/180 (2020) |
Ease of Doing Business: 125/190 (2019) | Enabling Trade Index: 107/136 (2016) |
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