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Facts and Figures: Paraguay

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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.

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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.

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Gun 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...

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