Lewes, DE -- (SBWIRE) -- 06/27/2018 -- As per International Monetary Fund (IMF) Paraguay's nominal gross domestic product is expected to grow at a CAGR of 7.88% from it's 2015 level of PYG 142003.38 billion and reach PYG 241433.45 billion by 2022.

Paraguay, a landlocked country in South America, is bordered by Brazil to the east, Argentina to the southwest, and Bolivia to the northwest. It consists of 17 departments, with a separate district for the capital city of Asunción. The official languages of Paraguay are Spanish and Guaraní, and the currency is the Guaraní (PYG).

Paraguay had estimated population of 6.855 million in the year 2016 and expected to reach 7.454 million by 2022. Paraguay's unemployment rate was 5.09% of total labor force, which is expected to increase at a CAGR of 1.54 till 2022.

Paraguay's real gross domestic product (GDP) was around PYG 30253.70 billions in 2016 whereas the nominal GDP was PYG 1556002.567 billions. This resulted in GDP deflator 514.326. Per capita GDP was estimated at USD 4003.28 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 9396.02.

In 2016, Paraguay government's revenue was PYG 36200.09 billions whereas the expenditure was PYG 37793.74 billions. This resulted Paraguay government's net lending / borrowing negative at PYG 1593.64 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Paraguay was estimated to be at USD 0.158 billions for the year 2016 and is expected to grow at a CAGR of 193.77% and reach USD 0.183 by 2022. The future positive current account balance indicates the Paraguay will be a net lender to the whole world.

Scope of the Paraguay PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Paraguay.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Paraguay.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Paraguay.
- These reports provide risk analysis for Paraguay.

For more information and to purchase Paraguay PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/paraguay-pestel-analysis-market-research-report

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