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 Paraguay (2008)Paraguay (2007)
 ParaguayParaguay
Budget revenues: $2.268 billion


expenditures: $2.469 billion (2007)
revenues: $1.705 billion


expenditures: $1.658 billion (2006 est.)
Debt - external $3.632 billion (31 December 2007 est.) $3.362 billion (2006 est.)
Economic aid - recipient $51.09 million (2005) $NA (2005)
Economy - overview Landlocked Paraguay has a market economy marked by a large informal sector. This 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, especially in rural areas, derives its living from agricultural activity, often on a subsistence basis. 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 2007, posting modest growth each year. Growing world demand for commodities combined with high prices and favorable weather to support Paraguay's commodity-based export expansion. Landlocked Paraguay has a market economy marked by a large informal sector. This 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 its living from agricultural activity, often on a subsistence basis. 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. Aided by a firmer exchange rate and perhaps a greater confidence in the economic policy of the DUARTE FRUTOS administration, the economy rebounded between 2003 and 2006, posting modest growth each year.
Electricity - consumption 6 billion kWh (2007) 4.497 billion kWh (2005)
Electricity - exports 64 billion kWh (2007) 43.79 billion kWh (2005)
Electricity - imports 0 kWh (2007) 0 kWh (2005)
Electricity - production 70 billion kWh (2007) 50.66 billion kWh (2005)
Exchange rates guarani per US dollar - 5,031 (2007), 5,672.8 (2006), 6,178 (2005), 5,974.6 (2004), 6,424.3 (2003) guarani per US dollar - 5,672.8 (2006), 6,178 (2005), 5,974.6 (2004), 6,424.3 (2003), 5,716.3 (2002)
Exports 0 bbl/day (2007) NA bbl/day
GDP - composition by sector agriculture: 21.9%


industry: 18.7%


services: 59.4% (2007 est.)
agriculture: 21.4%


industry: 18.6%


services: 60.1% (2006 est.)
GDP - real growth rate 4.5% (2007) 4% (2006 est.)
Imports 25,940 bbl/day (2007) NA bbl/day
Imports - commodities road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts road vehicles, consumer goods, tobacco, petroleum products, electrical machinery
Industrial production growth rate 1.9% (2007) 0% (2000 est.)
Inflation rate (consumer prices) 6% (2007) 9.6% (2006 est.)
International organization participation CAN (associate), CSN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNFICYP, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO CAN (associate), CSN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, MINUSTAH, MONUC, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Labor force 2.735 million (2007) 2.706 million (2006 est.)
Labor force - by occupation agriculture: 31%


industry: 17%


services: 52% (2007)
agriculture: 45%


industry: NA%


services: NA% (2003)
Political parties and leaders Asociacion Nacional Republicana - Colorado Party or ANR [Jose A. ALDERETE]; Movimiento Union Nacional de Ciudadanos Eticos or UNACE [Enrique GONZALEZ Quintana]; Patria Querida (Beloved Fatherland Party) or PQ [Pedro Nicolas Maraa FADUL Niella]; Partido Encuentro Nacional or PEN [Luis TORALES Kennedy]; Partido Liberal Radical Autentico or PLRA [Blas LLANO]; Partido Pais Solidario or PPS [Carlos Alberto FILIZZOLA Pallares]


note: Nicanor DUARTE FRUTOS on leave as party leader of the Colorado Party or ANR while serving as President of Paraguay
Asociacion Nacional Republicana - Colorado Party or ANR [Jose A. ALDERETE]; Movimiento Union Nacional de Ciudadanos Eticos or UNACE [Enrique GONZALEZ Quintana]; Patria Querida (Beloved Fatherland Party) or PQ [Pedro Nicolas Maraa FADUL Niella]; Partido Encuentro Nacional or PEN [Luis TORALES Kennedy]; Partido Liberal Radical Autentico or PLRA [Blas LLANO]; Partido Pais Solidario or PPS [Carlos Alberto FILIZZOLA Pallares]


note: Nicanor DUARTE FRUTOS on leave as party leader of the Colorado Party or ANR while serving as President of Paraguay; Lino Cesar OVIEDO Silva, leader of UNACE, is currently serving a ten-year prison term
Radio broadcast stations AM 41, FM 121, shortwave 6 (3 inactive) (2006) AM 46, FM 27, shortwave 6 (3 inactive) (1998)
Telephone system general assessment: meager telephone service; principal switching center is in Asuncion


domestic: the fixed-line market is a state monopoly; deficiencies in provision of fixed-line service has resulted in a rapid expansion of mobile-cellular services fostered by competition among multiple providers


international: country code - 595; satellite earth station - 1 Intelsat (Atlantic Ocean)
general assessment: meager telephone service; principal switching center is in Asuncion


domestic: fair microwave radio relay network


international: country code - 595; satellite earth station - 1 Intelsat (Atlantic Ocean)
Television broadcast stations 5 (2007) 5 (2003)
Unemployment rate 11.4% (2007 est.) 9.4% (2005 est.)
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