| Economy | Paraguay |
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Economy - overview:
|
Landlocked Paraguay has a market economy marked by a large informal sector, featuring reexport 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. Most observers attribute Paraguay's poor economic performance to political uncertainty, corruption, limited progress on structural reform, and deficient infrastructure. The economy rebounded between 2003 and 2008, however, 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. |
GDP (purchasing power parity):
|
$28.71 billion (2008 est.)
$27.21 billion (2007)
$25.57 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$4,200 (2008 est.)
$4,100 (2007 est.)
$3,900 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$16.36 billion (2008 est.) |
GDP - real growth rate:
|
5.5% (2008 est.)
6.4% (2007 est.)
4.3% (2006 est.) |
GDP - composition by sector:
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agriculture: 23.1%
industry: 17.2%
services: 59.6% (2008 est.) |
Investment (gross fixed):
|
20.2% of GDP (2008 est.) |
Population below poverty line:
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32% (2005 est.) |
Household income or consumption by percentage share:
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lowest 10%: 0.7%
highest 10%: 46.1% (2003) |
Distribution of family income - Gini index:
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56.8 (2008) |
Inflation rate (consumer prices):
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11% (2008 est.) |
Central bank discount rate:
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20% (31 December 2007) |
Commercial bank prime lending rate:
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25.03% (31 December 2007) |
Stock of money:
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$1.943 billion (31 December 2007) |
Stock of money - per capita:
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278 USD per capita |
Stock of quasi money:
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$1.368 billion (31 December 2007) |
Stock of quasi money - per capita:
|
196 USD per capita |
Stock of domestic credit:
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$2.457 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
352 USD per capita |
Labor force:
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2.839 million (2008 est.) |
Labor force participation rate:
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40.58 % of population |
Labor force - by occupation:
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agriculture: 31%
industry: 17%
services: 52% (2007) |
Unemployment rate:
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5.4% (2008 est.) |
Budget:
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revenues: $2.939 billion
expenditures: $2.866 billion (2008 est.) |
Budget revenues per capita:
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421 USD per capita |
Public debt:
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22.2% of GDP (2008 est.) |
Industries:
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sugar, cement, textiles, beverages, wood products, steel, metallurgic, electric power |
Industrial production growth rate:
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2.5% (2008 est.) |
Electricity - production:
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70 billion kWh (2007) |
Electricity - production per capita:
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10,007 kWh per capita |
Electricity - consumption:
|
6 billion kWh (2007) |
Electricity - consumption - per capita:
|
858 kWh per capita |
Electricity - exports:
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64 billion kWh (2007) |
Electricity - imports:
|
0 kWh (2007) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
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27,410 bbl/day (2006 est.) |
Oil - consumption - per capita:
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1.43 bbl/year per capita |
Oil - exports:
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0 bbl/day (2007) |
Oil - imports:
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25,940 bbl/day (2007) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
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0 cu m (2007 est.) |
Natural gas - imports:
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0 cu m (2007 est.) |
Natural gas - proved reserves:
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0 cu m (1 January 2007 est.) |
Agriculture - products:
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cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber |
Current account balance:
|
$178 million (2008 est.) |
Current account balance - per capita:
|
26 USD per capita |
Exports:
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$6.901 billion f.o.b. (2008 est.) |
Exports per capita:
|
987 USD per capita |
Exports - commodities:
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soybeans, feed, cotton, meat, edible oils, electricity, wood, leather |
Exports - partners:
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Argentina 28.1%, Uruguay 15.2%, Brazil 12.7%, Chile 5.9%, Germany 4.9%, Russia 4.5% (2007) |
Imports:
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$7.351 billion f.o.b. (2008 est.) |
Imports per capita:
|
1,051 USD per capita |
Imports - commodities:
|
road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts |
Imports - partners:
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Brazil 30.4%, US 22.8%, Argentina 14.4%, China 8.6% (2007) |
Reserves of foreign exchange and gold:
|
$2.629 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
376 USD per capita |
Debt - external:
|
$3.487 billion (31 December 2008 est.) |
Debt - external - per capita:
|
499 USD per capita |
Stock of direct foreign investment - at home:
|
$2.057 billion (2007) |
Stock of direct foreign investment - at home - per capita:
|
295 USD per capita |
Stock of direct foreign investment - abroad:
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$NA |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
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$233.8 million (2005) |
Market value of publicly traded shares - per capita:
|
34 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$51.09 million (2005) |
Economic aid - recipient per capita:
|
8 USD per capita |
Currency (code):
|
guarani (PYG) |
Exchange rates:
|
guarani (PYG) per US dollar - 4,337.7 (2008 est.), 5,031 (2007), 5,672.8 (2006), 6,178 (2005), 5,974.6 (2004) |
Fiscal year:
|
calendar year |
|
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