Facts and Figures: Paraguay
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.
| 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.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.