Market Research In Paraguay

Paraguay Profile:

Paraguay, officially the Republic of Paraguay is a landlocked country in central South America.
Paraguay falls below the Latin American average in several socioeconomic categories, including immunization rates, potable water, sanitation and secondary school enrolment, and has greater rates of income inequality and child and maternal mortality.
Paraguay is the 6th largest soybean producer in the world, 2nd largest producer of stevia, 2nd largest producer of tung oil, sixth-largest exporter of corn, 10th largest exporter of wheat and 8th largest exporter of beef.
The well-being of Paraguay’s poor in many regions has improved in terms of housing quality and access to clean water, telephone service and electricity.
Judicial corruption is endemic and is seen as the greatest barrier to attracting more foreign investment.

Paraguay Economy:

Paraguay has a market economy distinguished by a large informal sector, featuring re-export of imported consumer goods to neighbouring countries, as well as the activities of thousands of microenterprises and urban street vendors.
On a per capita basis, real income has grown steadily over the past decade.
Paraguay’s poverty rate has declined in recent years but remains high, especially in rural areas, with more than a third of the population below the poverty line.
The Paraguayan Government recognizes the need to diversify its economy and has taken steps in recent years to do so.
Political uncertainty, corruption, limited progress on structural reform, and deficient infrastructure are the main obstacles to long-term growth.

Paraguay Facts:

Population: 6.9 million
Capital: Asunción
Largest city: Asunción
Area: 406,752 sq km
Major language: Spanish (official), Guarani (official)
Major religion: Roman Catholic 89.6%, Protestant 6.2%, other Christian 1.1%, other or unspecified 1.9%
Life expectancy: 74.7 years (Male), 80.2 years (Female)
Monetary unit: 1 Guarani (Gs, PYG) = 100 Céntimos
Main exports: Soybeans, livestock feed, cotton, meat, edible oils, wood, leather, gold
GNI per Capita: $9,070

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