Paraguay

Country Summary

2022 population pyramid

Introduction

Background

Paraguay achieved its independence from Spain in 1811. The 35-year military dictatorship of Alfredo STROESSNER ended in 1989, and Paraguay has held relatively free and regular presidential elections since the country's return to democracy.

Geography

Area

total: 406,752 sq km

land: 397,302 sq km

water: 9,450 sq km

Climate

subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west

Natural resources

hydropower, timber, iron ore, manganese, limestone

People and Society

Population

7,356,409 (2022 est.)

Ethnic groups

Mestizo (mixed Spanish and Amerindian ancestry) 95%, other 5%

Languages

Spanish (official) and Guarani (official) 46.3%, only Guarani 34%, only Spanish 15.2%, other (includes Portuguese, German, other Indigenous languages) 4.1%, no response 0.4%; note - data represent predominant household language (2012 est.)

Religions

Roman Catholic 89.6%, Protestant 6.2%, other Christian 1.1%, other or unspecified 1.9%, none 1.1% (2002 est.)

Population growth rate

1.14% (2022 est.)

Government

Government type

presidential republic

Capital

name: Asuncion

Executive branch

chief of state: President Mario ABDO BENITEZ (since 15 August 2018); Vice President Hugo Adalberto VELAZQUEZ Moreno (since 15 August 2018); note - the president is both chief of state and head of government

head of government: President Mario ABDO BENITEZ (since 15 August 2018); Vice President Hugo Adalberto VELAZQUEZ Moreno (since 15 August 2018)

Legislative branch

description: bicameral National Congress or Congreso Nacional consists of:
Chamber of Senators or Camara de Senadores (45 seats; members directly elected in a single nationwide constituency by closed-list proportional representation vote to serve 5-year terms)
Chamber of Deputies or Camara de Diputados (80 seats; members directly elected in 18 multi-seat constituencies - corresponding to the country's 17 departments and capital city - by closed-list proportional representation vote to serve 5-year terms)

Economy

Economic overview

upper middle-income South American economy; COVID-19 hit while still recovering from 2019 Argentina-driven recession; global hydroelectricity leader; major corruption and money-laundering locale; highly agrarian economy; significant income inequality

Real GDP (purchasing power parity)

$87.98 billion (2020 est.)

Real GDP per capita

$12,300 (2020 est.)

Agricultural products

soybeans, sugar cane, maize, cassava, wheat, rice, beef, milk, oranges, oil palm fruit

Industries

sugar processing, cement, textiles, beverages, wood products, steel, base metals, electric power

Exports

$11.81 billion (2020 est.)

Exports - partners

Brazil 32%, Argentina 22%, Chile 8%, Russia 8% (2019)

Exports - commodities

soybeans and soybean products, electricity, beef, corn, insulated wiring (2019)

Imports

$10.62 billion (2020 est.)

Imports - partners

Brazil 24%, United States 22%, China 17%, Argentina 10%, Chile 5% (2019)

Imports - commodities

broadcasting equipment, cars, pesticides, refined petroleum, tires (2019)


Page last updated: Monday, May 16, 2022