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    Paraguay Economy - 2003
    https://theodora.com/wfb2003/paraguay/paraguay_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: Paraguay has a market economy marked by a large informal sector. The informal sector features both reexport of imported consumer goods to neighboring countries as well as the activities of thousands of microenterprises and urban street vendors. Because of the importance of the informal sector, accurate economic measures are difficult to obtain. A large percentage of the population derives their living from agricultural activity, often on a subsistence basis. The formal economy grew by an average of about 3% annually in 1995-97; but GDP declined slightly in 1998, 1999, and 2000, rose slightly in 2001, only to fall again in 2002. On a per capita basis, real income has stagnated at 1980 levels. Most observers attribute Paraguay's poor economic performance to political uncertainty, corruption, lack of progress on structural reform, substantial internal and external debt, and deficient infrastructure.


      GDP: purchasing power parity - $25 billion (2002 est.)


      GDP - real growth rate: -2.5% (2002 est.)


      GDP - per capita: purchasing power parity - $4,200 (2002 est.)


      GDP - composition by sector: agriculture: 27%
      industry: 27%
      services: 46% (2001)


      Population below poverty line: 36% (2001 est.)


      Household income or consumption by percentage share: lowest 10%: 0.5%
      highest 10%: 43.8% (1998)


      Distribution of family income - Gini index: 57.7 (1998)


      Inflation rate (consumer prices): 10.5% (2002 est.)


      Labor force: 2 million (2000 est.)


      Labor force - by occupation: agriculture 45%


      Unemployment rate: 18.2% (2002 est.)


      Budget: revenues: $1.3 billion
      expenditures: $2 billion, including capital expenditures of $700 million (1999 est.)


      Industries: sugar, cement, textiles, beverages, wood products


      Industrial production growth rate: 0% (2000 est.)


      Electricity - production: 44.89 billion kWh (2001)


      Electricity - production by source: fossil fuel: 0%
      hydro: 99.9%
      other: 0.1% (2001)
      nuclear: 0%


      Electricity - consumption: 2.638 billion kWh (2001)


      Electricity - exports: 39.11 billion kWh (2001)


      Electricity - imports: 0 kWh (2001)


      Oil - production: 0 bbl/day (2001 est.)


      Oil - consumption: 25,000 bbl/day (2001 est.)


      Oil - exports: NA (2001)


      Oil - imports: NA (2001)


      Agriculture - products: cotton, sugarcane, soybeans, corn, wheat, tobacco, cassava (tapioca), fruits, vegetables; beef, pork, eggs, milk; timber


      Exports: $2 billion f.o.b. (2002 est.)


      Exports - commodities: soybeans, feed, cotton, meat, edible oils, electricity


      Exports - partners: Brazil 38.1%, Uruguay 18.2%, Argentina 6.1% (2001)


      Imports: $2.4 billion f.o.b. (2002 est.)


      Imports - commodities: road vehicles, consumer goods, tobacco, petroleum products, electrical machinery


      Imports - partners: Brazil 28.3%, Argentina 24.1%, Uruguay 3.5% (2001)


      Debt - external: $3.2 billion (2002 est.)


      Economic aid - recipient: $NA


      Currency: guarani (PYG)


      Currency code: PYG


      Exchange rates: guarani per US dollar - 5,720.44 (2002), 4,105.92 (2001), 3,486.35 (2000), 3,119.07 (1999), 2,726.49 (1998)


      Fiscal year: calendar year


      NOTE: The information regarding Paraguay on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Paraguay Economy 2003 should be addressed to the CIA.

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    https://theodora.com/wfb2003/paraguay/paraguay_economy.html

    Revised 20-Sep-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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