International organization participation: CCC, ECLAC, FAO, G-77, IADB,
IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Intelsat, Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA,
Mercosur, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD,
UNESCO, UNIDO, UPU, WCL, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Juan Esteban AGUIRRE MARTINEZ chancery: 2400 Massachusetts Avenue NW, Washington, DC 20008 telephone: (202) 483-6960 through 6962 FAX: (202) 234-4508 consulate(s) general: Kansas City (Kansas), Miami, New Orleans, New York
Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affaires Stephan G. MCFARLAND embassy: 1776 Avenida Mariscal Lopez, Casilla Postal 402, Asuncion mailing address: Unit 4711, APO AA 34036-0001 telephone: (21) 213-715 FAX: (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)
@Paraguay:Economy
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 derive 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 and 1999. 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, and deficient infrastructure. Growth should recover in 2000, perhaps to 2%.
GDP: purchasing power parity - $19.9 billion (1999 est.)
GDP - real growth rate: -1% (1999 est.)
GDP - per capita: purchasing power parity - $3,650 (1999 est.)
GDP - composition by sector: agriculture: 28% industry: 21% services: 51% (1999 est.)