Imports$12.06 billion (2011 est.)
Exports$10.28 billion (2011 est.)
Inflation rate (consumer prices)8.3% (2011 est.)
Unemployment rate6.6% (2011 est.)
GDP - per capita (PPP)$5,500 (2011 est.)
National product real growth rate14.5% (2010 est.)
Internet users1.105 million (2009)
Telephones - mobile cellular5.915 million (2009)
Population growth rate1.256% (2012 est.)
Population6,541,591 (July 2012 est.)
Paraguay achieved its independence from Spain in 1811.
In the disastrous War of the Triple Alliance (1865-70) - between Paraguay and Argentina, Brazil, and Uruguay - Paraguay lost two-thirds of all adult males and much of its territory.
The country stagnated economically for the next half century....
Landlocked Paraguay has a market economy distinguished by a large informal sector, featuring re-export of imported consumer goods to neighboring countries, as well as the activities of thousands of microenterprises and urban street vendors.
A large percentage of the population, especially in rural areas, derives its living from agricultural activity, often on a subsistence basis.
Because of the importance of the informal sector, accurate economic measures are difficult to obtain....
The Economist Intelligence Unit
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This report contains detailed forecasts and analysis for Paraguay, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...