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Paraguay Facts and Figures

a close up of guaranies, paraguayan money

Facts About Paraguay

Here 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.

Population 6,862,812 (July 2016 est.)
Gross Domestic Product PPP (GDP) $64.12 billion (2016 est.)
GDP Per Capita
$9,400 (2016 est.)
Inflation Rate
4.3% (2016 est.)
Currency Paraguayan guaraní
Exchange Rate Versus U.S. Dollar
5,689.1 (2016 est.) guaraní per U.S. dollar
Languages Spanish (official), Guarani (official)
Capital Asunción
Capital City Population 23.56 million (2015)
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 and Party Affiliation of Current Leader President Horacio Cartes (Since August 2013), Asociacion Nacional Republicana – Colorado Party or ANR
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.latam.com/es_py/)

 

Official Language

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.

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