Economy - overview:
Landlocked Paraguay has a market economy distinguished by a large informal sector, featuring re-export of imported consumer goods to neighboring countries, as well as the activities of thousands of microenterprises and urban street vendors. A large percentage of the population, especially in rural areas, derives its living from agricultural activity, often on a subsistence basis. Because of the importance of the informal sector, accurate economic measures are difficult to obtain. On a per capita basis, real income has stagnated at 1980 levels. The economy grew rapidly between 2003 and 2008 as growing world demand for commodities combined with high prices and favorable weather to support Paraguay's commodity-based export expansion. Paraguay is the sixth largest soy producer in the world. Drought hit in 2008, reducing agricultural exports and slowing the economy even before the onset of the global recession. The economy fell 3.8% in 2009, as lower world demand and commodity prices caused exports to contract. The government reacted by introducing fiscal and monetary stimulus packages. Growth resumed at a 15% level in 2010, the highest in South America, but slowed to about 6% in 2011 as the stimulus subsided. Political uncertainty, corruption, limited progress on structural reform, and deficient infrastructure are the main obstacles to growth.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Paraguay on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Paraguay Economy 2012 information contained here. All suggestions for corrections of any errors about Paraguay Economy 2012 should be addressed to the CIA.
$36.21 billion (2011 est.)
country comparison to the world: 102
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$22.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
6.4% (2011 est.)
country comparison to the world: 36
[see also: GDP - real growth rate country ranks ]
$5,500 (2011 est.)
country comparison to the world: 141
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 23.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 19.2%
[see also: GDP - composition by sector - industry country ranks ]
services: 57.7% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
3.085 million (2011 est.)
country comparison to the world: 102
[see also: Labor force country ranks ]
agriculture: 26.5%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 18.5%
[see also: Labor force - by occupation - industry country ranks ]
services: 55% (2008)
[see also: Labor force - by occupation - services country ranks ]
6.6% (2011 est.)
country comparison to the world: 69
[see also: Unemployment rate country ranks ]
18.8% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 41% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
53.2 (2009)
country comparison to the world: 16
[see also: Distribution of family income - Gini index country ranks ]
17.1% of GDP (2011 est.)
country comparison to the world: 150
[see also: Investment (gross fixed) country ranks ]
revenues: $4.551 billion
[see also: Budget revenues country ranks ]
expenditures: $4.66 billion (2011 est.)
[see also: Budget expenditures country ranks ]
20.4% of GDP (2011 est.)
country comparison to the world: 154
[see also: Taxes and other revenues country ranks ]
-0.5% of GDP (2011 est.)
country comparison to the world: 49
[see also: Budget surplus (+) or deficit (-) country ranks ]
17.4% of GDP (2011 est.)
country comparison to the world: 116
[see also: Public debt country ranks ]
8.9% (2011 est.)
country comparison to the world: 182
[see also: Inflation rate (consumer prices) country ranks ]
6% (31 December 2010 est.)
country comparison to the world: 9
[see also: Central bank discount rate country ranks ]
28% (31 December 2011 est.)
country comparison to the world: 7
[see also: Commercial bank prime lending rate country ranks ]
$3.797 billion (31 December 2011 est.)
country comparison to the world: 105
[see also: Stock of narrow money country ranks ]
$7.633 billion (31 December 2010 est.)
country comparison to the world: 111
[see also: Stock of broad money country ranks ]
$7.056 billion (31 December 2011 est.)
country comparison to the world: 105
[see also: Stock of domestic credit country ranks ]
$NA (31 December 2010)
country comparison to the world: 111
[see also: Market value of publicly traded shares country ranks ]
cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber
sugar, cement, textiles, beverages, wood products, steel, metallurgic, electric power
6.5% (2010 est.)
country comparison to the world: 47
[see also: Industrial production growth rate country ranks ]
54.91 billion kWh (2008 est.)
country comparison to the world: 45
[see also: Electricity - production country ranks ]
8.5 billion kWh (2009 est.)
country comparison to the world: 91
[see also: Electricity - consumption country ranks ]
45.13 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]
45.13 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 210
[see also: Oil - production country ranks ]
31,000 bbl/day (2010 est.)
country comparison to the world: 114
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 201
[see also: Oil - exports country ranks ]
23,810 bbl/day (2009 est.)
country comparison to the world: 107
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 112
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 119
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 159
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 111
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 179
[see also: Natural gas - proved reserves country ranks ]
-$943.8 million (2011 est.)
country comparison to the world: 124
[see also: Current account balance country ranks ]
$9.756 billion (2011 est.)
country comparison to the world: 96
[see also: Exports country ranks ]
soybeans, feed, cotton, meat, edible oils, electricity, wood, leather
Uruguay 16.2%, Brazil 12.8%, Chile 10%, Argentina 8.1%, Italy 5%, Netherlands 4.4%, Spain 4.3%, Turkey 4.2%, Germany 4.2% (2010)
$12.06 billion (2011 est.)
country comparison to the world: 90
[see also: Imports country ranks ]
road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts
Brazil 27.7%, China 17.6%, US 16.6%, Argentina 15.2% (2010)
$5.096 billion (31 December 2011 est.)
country comparison to the world: 87
[see also: Reserves of foreign exchange and gold country ranks ]
$4.982 billion (31 December 2011 est.)
country comparison to the world: 115
[see also: Debt - external country ranks ]
$3.393 million (31 December 2010)
country comparison to the world: 91
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
guarani (PYG) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12