Political pressure groups and leaders: Unitary Workers Central (CUT);
Roman Catholic Church; National Workers Central (CNT); Paraguayan
Workers Confederation (CPT)
International organization participation: AG (observer), CCC, ECLAC,
FAO, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA,
Mercosur, OAS, OPANAL, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL,
WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission : Ambassador Jorge G. PRIETO CONTI chancery: 2400 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 483-6960 through 6962 FAX: [1] (202) 234-4508 consulate(s) general : Miami and New York
Diplomatic representation from the US: chief of mission: Ambassador Robert E. SERVICE embassy: 1776 Avenida Mariscal Lopez, Casilla Postal 402, Asuncion mailing address: Unit 4711, APO AA 34036-0001 telephone: [595] (21) 213-715 FAX: [595] (21) 213-728
Flag description: three equal, horizontal bands of red (top), white, and blue with an emblem centered in the white band; unusual flag in that the emblem is different on each side; the obverse (hoist side at the left) bears the national coat of arms (a yellow five-pointed star within a green wreath capped by the words REPUBLICA DEL PARAGUAY, all within two circles); the reverse (hoist side at the right) bears the seal of the treasury (a yellow lion below a red Cap of Liberty and the words Paz y Justicia (Peace and Justice) capped by the words REPUBLICA DEL PARAGUAY, all within two circles)
Economy
Economy - overview: Paraguay has a market economy marked by a large informal sector. The informal sector features both reexport of imported consumer goods (electronics, whiskeys, perfumes, cigarettes, and office equipment) to neighboring countries as well as by the activities of thousands of microenterprises and urban street vendors. The formal sector is largely oriented toward services, but a large percentage of the population derive their living from agricultural activity, often on a subsistence basis. The formal economy has grown an average of 3% to 4% over the past five years. However, population has increased at 3% a year over the same period, leaving per capita income nearly stagnant. The WASMOSY government has continued to pursue its economic reform agenda - with mixed success - in close coordination with its partners in Mercosur (Southern Cone Common Market). Paraguay's ongoing integration into Mercosur offers potential for investment and growth. Although GDP grew by only about 1.5% in 1996, it is expected to grow at a higher rate in 1997.
GDP: purchasing power parity - $17.7 billion (1996 est.)
GDP - real growth rate: 1.5% (1996 est.)
GDP - per capita: purchasing power parity - $3,200 (1996 est.)