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World > South America > Paraguay > Economy (Facts)

Paraguay - Economy (Facts)
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 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.
GDP - real growth rate: 4% (2006 est.)
GDP (purchasing power parity): $31.26 billion (2006 est.)
GDP (official exchange rate): $7.754 billion (2006 est.)
GDP - per capita (PPP): $4,800 (2006 est.)
GDP - composition by sector: agriculture: 22.4%
industry: 18.4%
services: 59.2% (2006 est.)
Population below poverty line: 32% (2005 est.)
Household income or consumption by percentage share: lowest 10%: 0.5%
highest 10%: 43.8% (1998)
Inflation rate (consumer prices): 12.5% (2006 est.)
Labor force: 2.742 million (2006 est.)
Labor force - by occupation: agriculture: 45%
industry: NA
services: NA
Unemployment rate: 9.4% (2005 est.)
Budget: revenues: $1.773 billion
expenditures: $1.733 billion; including capital expenditures of $700 million (2006 est.)
Industries: sugar, cement, textiles, beverages, wood products, steel, metallurgic, electric power
Industrial production growth rate: 0% (2000 est.)
Electricity - production: 51.77 billion kWh (2004)
Electricity - consumption: 3.133 billion kWh (2004)
Electricity - exports: 45.01 billion kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 27,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber
Exports: $1.69 billion f.o.b. (2005 est.)
Exports - commodities: soybeans, feed, cotton, meat, edible oils, electricity, wood, leather
Exports - partners: Uruguay 22%, Brazil 17.2%, Russia 11.9%, Argentina 8.8%, Chile 6.9% (2006)
Imports: $4.5 billion f.o.b. (2006 est.)
Imports - commodities: road vehicles, consumer goods, tobacco, petroleum products, electrical machinery
Imports - partners: China 27%, Brazil 20%, Argentina 13.6%, Japan 8.3%, US 6.4% (2006)
Debt - external: $3.722 billion (2006 est.)
Economic aid - recipient: NA
Currency: Paraguay Guarani (PYG)
Currency code: PYG
Exchange rates: guarani per US dollar - 5,672.8 (2006), 6,178 (2005), 5,974.6 (2004), 6,424.3 (2003), 5,716.3 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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