Spanish, only Guarani 34, only Spanish 15.2, other, German, other Indigenous languages) 4.1, no response 0.4
Economic Overview
Key economic indicators for Paraguay
GDP:
$108.022 billion
GDP per Capita:
$15,800
GDP Growth:
4.71%
Inflation:
4.63%
Unemployment:
5.78%
Public Debt:
19.5% of GDP
Credit Rating:
BB (2014)
Political System
Governance structure of Paraguay
Government Type:
presidential republic
Head of State:
President Santiago PEÑA Palacios (since 15 August 2023)
Head of Government:
President Santiago PEÑA Palacios (since 15 August 2023)
Judiciary:
Supreme Court of Justice or Corte Suprema de Justicia (consists of 9 justices divided 3 each into the Constitutional Court, Civil and Commercial Chamber, and Criminal Division)
Administrative Divisions:
17 departments (departamentos, singular - departamento) and 1 capital city*; Alto Paraguay, Alto Parana, Amambay, Asuncion*, Boqueron, Caaguazu, Caazapa, Canindeyu, Central, Concepcion, Cordillera, Guaira, Itapua, Misiones, Neembucu, Paraguari, Presidente Hayes, San Pedro
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
2209 Massachusetts Avenue, NW, Washington DC 20008
Major Alliances and Organizations
OAS
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
11.3% (2023 est.)
Industry
32.4% (2023 est.)
Services
49% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$18.712 billion
Imports:
$17.904 billion
Major Trading Partners
Argentina 33
Brazil 25
Chile 10
USA 2
Uruguay 2
Economic Outlook
Paraguay has a 4.71% GDP growth rate with 4.63% inflation. The economy is characterized by a strong agriculture sector.