Paraguay

Location: South America

Flag of ParaguayLocation of Paraguay

Population:  6.541,000 (Estimate July 2012)

Language(s): Spanish (official), Guarani (official)

Currency:   Guarani (although you see the Argentine Peso)

GDP:  $36.2 Billion (estimated 2011)

Top Import Commodities:

  • Consumer electronics
  • Agricultural equipment
  • Energy/renewable energy–Hydro and Bio
  • Construction equipment

Other Information:

Paraguay has a strong commercial relationship with the US with a large potential for continued growth.  Agriculture composes 20% of their GDP followed by their commercial sector at 18%. Manufacturing is a small 8% of the overall GDP. Paraguay has a weak legal system. It is important to develop relationships and clear communication in order to avoid litigation.