Economy Of Paraguay - Paraguay Information

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Economy Of Paraguay
Paraguay Information - Country Guides

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 - $28.17 billion (2004 est.)
GDP - real growth rate	1.8% (2004 est.)
GDP - per capita	purchasing power parity - $4,700 (2004 est.)
GDP - composition by sector	agriculture: 24.8% industry: 23.7% services: 51.4% (2004 est.)
Investment gross fixed	17.2% of GDP (2004 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	14.2% (2004 est.)
Labor force	2.15 million (2004 est.)
Labor force by occupation	agriculture 45%
Unemployment rate	18.5% (2004 est.)
Budget	revenues: $937.8 million expenditures: $988.4 million, including capital expenditures of $700 million (2004 est.)
Public debt	45.1% of GDP (2004 est.)
Agriculture products	cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber
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 (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance	$146 million (2004 est.)
Exports	$2.727 billion f.o.b. (2004 est.)
Exports commodities	soybeans, feed, cotton, meat, edible oils, electricity, wood, leather
Exports partners	Brazil 34.2%, Uruguay 19.6%, Switzerland 7.8%, Argentina 5.3% (2003)
Imports	$2.77 billion f.o.b. (2003 est.)
Imports commodities	road vehicles, consumer goods, tobacco, petroleum products, electrical machinery
Imports partners	Brazil 32.5%, Argentina 21.6%, China 12.7% (2003)
Reserves of foreign exchange gold	$982 million (2004 est.)
Debt external	$2.96 billion (2004 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

Paraguayan Flag Map Of Paraguay

Economy Of ParaguayParaguay Information - Country Guides

Economy Of Paraguay
Paraguay Information - Country Guides