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    Facts and Figures: Paraguay

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        buildings at night by the water. cost of living in 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.

        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

        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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          Information TypeParaguay Data
          Population7,132,538 (June 2020 est.)
          Gross Domestic Product PPP (GDP)$43 billion (2020 est.)
          GDP Per Capita$5,700 (2020 est.)
          Inflation Rate2.9% (2020 est.)
          CurrencyParaguayan guaraní
          Exchange Rate Versus U.S. Dollar6,719 (2020 est.) guaraní per U.S. dollar
          LanguagesSpanish (official), Guarani (official)
          CapitalAsunción
          Capital City Population3.279 million (2020)
          Time ZoneGMT – 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 Code595
          Electricity220V-240V (Plug type: CEE7/4, CEE7/16, Schuko)
          System of Governmentpresidential republic
          Name of Current LeaderPresident Mario Abdo Benítez
          Sales Tax10%
          Restrictions on Foreign
          Ownership of Property          		N/A
          Local Chamber of CommerceChamber of Commerce of Paraguay
          Estrella 550,
          Encarnación, Asunción, Paraguay
          T : (21) 493-321
          F : (21) 440-817
          American Chamber of CommerceParaguayan-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 Exportssoybeans, livestock feed, cotton, meat, edible oils, wood, leather
          Special Benefits for Foreign Residents or RetireesN/A
          National AirlineLATAM
          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

          Facts and Figures: Paraguay - FAQ's

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          Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

          Portugal is known for Fado music and also for being the largest cork producer in the world.

          Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

          Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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