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    Paraguay Economy - 2004
    https://immigration-usa.com/wfb2004/paraguay/paraguay_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Paraguay has a market economy marked by a large informal sector. The informal sector features both reexport of imported consumer goods to neighboring countries as well as the activities of thousands of microenterprises and urban street vendors. Because of the importance of the informal sector, accurate economic measures are difficult to obtain. A large percentage of the population derives their living from agricultural activity, often on a subsistence basis. The formal economy grew by an average of about 3% annually in 1995-97; but GDP declined slightly in 1998, 1999, and 2000, rose slightly in 2001, only to fall again in 2002. On a per capita basis, real income has stagnated at 1980 levels. Most observers attribute Paraguay's poor economic performance to political uncertainty, corruption, lack of progress on structural reform, substantial internal and external debt, and deficient infrastructure.

      GDP:
      purchasing power parity - $28.03 billion (2003 est.)

      GDP - real growth rate:
      1.3% (2003 est.)

      GDP - per capita:
      purchasing power parity - $4,600 (2003 est.)

      GDP - composition by sector:
      agriculture: 27%
      industry: 27%
      services: 46% (2001 est.)

      Population below poverty line:
      36% (2001 est.)

      Household income or consumption by percentage share:
      lowest 10%: 0.5%
      highest 10%: 43.8% (1998)

      Distribution of family income - Gini index:
      57.7 (1998)

      Inflation rate (consumer prices):
      10.5% (2002 est.)

      Labor force:
      2.5 million (2002 est.)

      Labor force - by occupation:
      agriculture 45%

      Unemployment rate:
      16.4% (2002 est.)

      Budget:
      revenues: $1.3 billion
      expenditures: $2 billion, including capital expenditures of $700 million (1999 est.)

      Industries:
      sugar, cement, textiles, beverages, wood products, steel, metallurgic, electric power

      Industrial production growth rate:
      0% (2000 est.)

      Electricity - production:
      44.89 billion kWh (2001)

      Electricity - production by source:
      fossil fuel: 0%
      hydro: 99.9%
      other: 0.1% (2001)
      nuclear: 0%

      Electricity - consumption:
      2.637 billion kWh (2001)

      Electricity - exports:
      39.11 billion kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      25,000 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

      Agriculture - products:
      cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber

      Exports:
      $2.727 billion f.o.b. (2003 est.)

      Exports - commodities:
      soybeans, feed, cotton, meat, edible oils, electricity, wood, leather

      Exports - partners:
      Brazil 29.8%, Argentina 18%, Chile 5.5%, Bermuda 4% (2002)

      Imports:
      $2.77 billion f.o.b. (2003 est.)

      Imports - commodities:
      road vehicles, consumer goods, tobacco, petroleum products, electrical machinery

      Imports - partners:
      Brazil 28.9%, US 22.5%, Argentina 17.7%, Uruguay 4.7%, Hong Kong 4.3%, China 4.1% (2002)

      Debt - external:
      $3.2 billion (2002 est.)

      Economic aid - recipient:
      $NA (2001)

      Currency:
      guarani (PYG)

      Currency code:
      PYG

      Exchange rates:
      guarani per US dollar - 6,424.34 (2003), 5,716.26 (2002), 4,105.92 (2001), 3,486.35 (2000), 3,119.07 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Paraguay on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Paraguay Economy 2004 information contained here. All suggestions for corrections of any errors about Paraguay Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/paraguay/paraguay_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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