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Economy of Paraguay

Population: 6.8 million in 2013¹

GDP: $30 billion in 2013²

GDP per capita: $4,265 nominal³ ($8,043 PPP⁴) in 2013

GDP growth rate: 14.2% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	5,377	22.8%
Wholesale, retail trade, restaurants and hotels	5,276	22.4%
Agriculture, hunting, forestry, fishing	5,045	21.4%
Manufacturing	2,752	11.7%
Mining and utilities	2,044	8.7%
Construction	1,693	7.2%
Transport, storage and communication	1,369	5.8%
Total value added	23,555	100%

Employment

Unemployment rate: 5.2% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	765	23.4%
Wholesale trade, retail trade and repair of motor vehicles	746	22.8%
Electricity, gas, steam and air conditioning	326	9.9%
Education	235	7.2%
Construction	214	6.5%
Real estate	169	5.1%
Public administration and defence	150	4.6%
Professional, scientific and technical	148	4.5%
Accommodation and food service	136	4.2%
Finance and insurance	116	3.5%
Transportation and storage	97	3.0%
Administrative and support service	91	2.8%
Information and communication	50	1.5%
Water supply, sewerage and waste management	23	0.7%
Arts, entertainment and recreation	2	0.1%
Human health and social work	2	0.1%
Manufacturing	2	0.1%
Mining and quarrying	2	0.1%
Total employment	3,275	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $46 billion (153% of GDP) in 2014¹⁰

Household Wealth per Adult: $11,714 in 2014¹⁰

Gini Coefficient: .48 in 2015¹¹

Government

Central Government

Central Government Revenue: $5.8 billion (19% of GDP) in 2013¹²

Central Government Expenditure: $6.3 billion (21% of GDP) in 2013¹²

Central Government Budget Balance: -$0.5 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $3.6 billion (12% pf GDP) in Jun 2013* ¹³

Central Government 10 Year Bond Interest Rate: 6.29% in Aug 2014¹⁴

* Public debt calculated using the exchange rate 4,768 PYG = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds 2013¹⁵

Progressive tax rates from 8% to 10%

Corporate Tax Rate: 10% in 2014¹⁶

Monetary Policy

Money Supply (M0): N/A

Benchmark Interest Rate: 6.75% in Feb 2015¹⁸

Total Reserves: $5.0 billion (17% of GDP) in 2013¹⁹

Exchange Rate: 4,768 Paraguayan Guarani = 1 U.S. Dollar on Feb 9, 2015²⁰

Inflation: 2.7% in 2013²¹

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $14.7 billion (49% of GDP) in 2013²³

Imports: $12.4 billion (41% of GDP) in 2013²³

Trade Balance: +$2.3 billion (+8% of GDP) in 2013²³

Foreign Direct Investment Inflow: $346 million (1% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $104 million (0.3% of GDP) in 2012²⁵

Foreign Aid Outflow: N/A

References