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    Paraguay Index 2006

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    Paraguay Economy - 2006
    http://www.theodora.com/wfbcurrent/paraguay/paraguay_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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. The formal economy grew by an average of about 3% annually in 1995-97, but averaged near-zero growth in 1998-2001 and contracted by 2.3 percent in 2002, in response to regional contagion and an outbreak of hoof-and-mouth disease. 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 2005, posting modest growth each year.

      GDP (purchasing power parity):
      $31.79 billion (2005 est.)

      GDP (official exchange rate):
      $7.408 billion (2005 est.)

      GDP - real growth rate:
      3.4% (2005 est.)

      GDP - per capita (PPP):
      $4,900 (2005 est.)

      GDP - composition by sector:
      agriculture: 27.5%
      industry: 24%
      services: 48.5% (2005 est.)

      Labor force:
      2.68 million (2005 est.)

      Labor force - by occupation:
      agriculture: 45%
      industry: NA%
      services: NA%

      Unemployment rate:
      16% (2005 est.)

      Population below poverty line:
      32% (2005 est.)

      Household income or consumption by percentage share:
      lowest 10%: 0.5%
      highest 10%: 43.8% (1998)

      Distribution of family income - Gini index:
      56.8 (1999)

      Inflation rate (consumer prices):
      7.5% (2005 est.)

      Investment (gross fixed):
      20.1% of GDP (2005 est.)

      Budget:
      revenues: $1.334 billion
      expenditures: $1.37 billion; including capital expenditures of $700 million (2005 est.)

      Public debt:
      36.1% of GDP (2005 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:
      51.29 billion kWh (2003)

      Electricity - consumption:
      3.528 billion kWh (2003)

      Electricity - exports:
      44.17 billion kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      25,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$170 million (2005 est.)

      Exports:
      $3.13 billion f.o.b. (2005 est.)

      Exports - commodities:
      soybeans, feed, cotton, meat, edible oils, electricity, wood, leather

      Exports - partners:
      Uruguay 27.8%, Brazil 19.2%, Argentina 6.3%, Switzerland 4.1% (2004)

      Imports:
      $3.832 billion f.o.b. (2005 est.)

      Imports - commodities:
      road vehicles, consumer goods, tobacco, petroleum products, electrical machinery

      Imports - partners:
      Brazil 30.9%, Argentina 23.3%, China 16.6%, US 4% (2004)

      Reserves of foreign exchange and gold:
      $1.293 billion (2005 est.)

      Debt - external:
      $3.535 billion (2005 est.)

      Economic aid - recipient:
      $NA

      Currency (code):
      guarani (PYG)

      Exchange rates:
      guarani per US dollar - 6,178 (2005), 5,974.6 (2004), 6,424.3 (2003), 5,716.3 (2002), 4,105.9 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Paraguay on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Paraguay Economy 2006 information contained here. All suggestions for corrections of any errors about Paraguay Economy 2006 should be addressed to the CIA.

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    http://www.theodora.com/wfbcurrent/paraguay/paraguay_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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