Country Full Name: Republic of Paraguay.
Location: Paraguay is in Central South America, northeast of Argentina.
Country Climate: Subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west.
Country Terrain: Grassy plains and wooded hills east of Rio Paraguay; Gran Chaco region west of Rio Paraguay mostly low, marshy plain near the river, and dry forest and thorny scrub elsewhere.
Major Languages: Spanish, Guarani.
Major Religions: Christianity.
Country Population: 6.2 million (2008 est.) 6.3 million (2009 est.).
Country Economy: Paraguay has a market economy characterized by a large informal sector. Agriculture dominates the economy, but unequal land distribution has resulted in a large class of peasant farm laborers. A large portion of the population is uninvolved in the formal economy, instead existing as subsistence farmers.
Currency: Paraguay Guaraní (PYG).
Country Inflation: 10.1% (2008 est.) 2.8% (2009 est.).
City: Asuncion is the capital and largest city of Paraguay.
City Economy: Asuncion is the home of the national government, principal port, and the chief industrial and cultural centre of the country. Local manufacturing production includes footwear, textiles, and tobacco products.
Cost of Living: Asuncion has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Asuncion is currently ranked 264 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on Paraguay, Asuncion