4 Lessons We Learned Renovating Rental Property Overseas
In advance of the purchase of the property known as Lahardan House, the 200-year-old Georgian manor home we bought years...
Read moreHere you will find our Paraguay facts and figures, including; population data, languages spoken, currency and exchange rate, government system and leaders, chambers of commerce, and much more.
Information Type | Paraguay Data |
---|---|
Population | 7,132,538 (June 2020 est.) |
Gross Domestic Product PPP (GDP) | $43 billion (2020 est.) |
GDP Per Capita | $5,700 (2020 est.) |
Inflation Rate | 2.9% (2020 est.) |
Currency | Paraguayan guaraní |
Exchange Rate Versus U.S. Dollar | 6,719 (2020 est.) guaraní per U.S. dollar |
Languages | Spanish (official), Guarani (official) |
Capital | Asunción |
Capital City Population | 3.279 million (2020) |
Time Zone | GMT – 4 (One hour ahead of Washington, DC, during Standard Time) |
Seasons (Climate) | subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west |
International Dialing Code | 595 |
Electricity | 220V-240V (Plug type: CEE7/4, CEE7/16, Schuko) |
System of Government | presidential republic |
Name of Current Leader | President Mario Abdo Benítez |
Sales Tax | 10% |
Restrictions on Foreign Ownership of Property | N/A |
Local Chamber of Commerce | Chamber of Commerce of Paraguay Estrella 550, Encarnación, Asunción, Paraguay T : (21) 493-321 F : (21) 440-817 W :www.ccparaguay.com.py |
American Chamber of Commerce | Paraguayan-American Chamber of Commerce 25 de Mayo 2090 esq. Mayor Bullo. Barrio Ciudad Nueva Tel.: (+59521) 222 160 Asunción, Paraguay Email :info@pamcham.com.py |
Primary Exports | soybeans, livestock feed, cotton, meat, edible oils, wood, leather |
Special Benefits for Foreign Residents or Retirees | N/A |
National Airline | LATAM (https://www.latamairlines.com/py/es) |
The official language of Paraguay is Spanish, but it is the only South American country where the indigenous language, in this case Guarani, is still widely spoken. Most Paraguayans speak both, and talk a version of Spanish amongst themselves that is often incomprehensible to other Spanish speakers. However, when talking to foreigners, they invariably and automatically switch to “normal” Spanish. English is not so widely spoken. You will find quite a few English-speaking professionals and businesspeople, especially in the capital and in Ciudad del Este. However, when you venture out onto the street, or if you want to deal with government agencies like immigration, it pays to have at least some basic Spanish.
In advance of the purchase of the property known as Lahardan House, the 200-year-old Georgian manor home we bought years...
Read moreThis Country Will Steal Your Heart Paraguay’s biggest problem is a lack of marketing. If Madison Avenue were on this,...
Read moreDiscovering Paraguay Paraguay is perhaps the least known, least understood country in the Americas—an enigma. It's...
Read moreGun laws vary in every country. It is important to understand that gun ownership is a privilege, not a right. Gun laws are strictly enforced, and draconian measures apply for anyone found with an unlicensed gun or ammunition. You can apply for a gun permit as a legal resident in Panama, Belize, Nicaragua, and Ecuador. You’ll be limited in each case as to the number of guns you can own and also restricted as to the types of weapons you can keep, but...
Read more© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
Download your FREE report on
The Best Places To Retire In 2023
New Year, New You, New Life Overseas