Paraguay

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Paraguay
Official Name | The Republic of Paraguay / Tetã Paraguái |
President | H.E. Mario ABDO BENÍTEZ |
Vice-President | H.E. Hugo Adalberto VELÁZQUEZ MORENO |
Day of Independence | May 14th and 15th of 1811 |
Capital | Asunción |
Total Area | 406.752 km² |
Territorial Organization | 17 Departments and 1 Capital |
Official Languages | Spanish and Guarani |
Population | 6,854,536 inhabitants (2016) |
Currency | Guarani (PYG) |
Gross Domestic Product (GDP) | 27,384 millions USD (2016) |
Inflation | 3.9% (2016) |
GDP Growth Rate | 4.1% (2016) |
Exports | Soy, corn, wheat, sesame, sunflower oil, sugar, beef |
Geography
Paraguay covers an area of 406.752 km² and is divided into two distinct natural regions: the West Region and the East Region, each of which has its own particular features. The entire territory is divided into 17 departments and a capital district. The country shares borders with Argentina, Brazil, and Bolivia.

Asunción, the capital city of Paraguay
Although Paraguay lacks maritime access, the territory is crossed by numerous flows of water, which make up the vital hydrographic network of the Cuenta del Plata, in addition to the Acuifero Guarani, the latter of which is considered one of the largest freshwater reserves on the planet.
Asunción, with approximately 520,000 inhabitants, offers the profile of a cosmopolitan city with its wide tree-lined avenues, full of flowers and blossoms from each season of the year. Asunción also possesses an infrastructure of hotels, shopping malls, cinemas, and theatres. Other important cities from around the country include Encarnación, Ciudad del Este, and Pedro Juan Caballero.
History
1524 | Arrival of the explorers Alejo García and Sebastián Gaboto to Paraguay |
1537 | Founding of Asunción City |
1811 | Independence of the Republic of Paraguay |
1864 – 1870 | The War of the Triple Alliance (against Brazil, Argentina, and Uruguay) |
1889 | Founding of the National University of Asunción |
1919 | Beginning of diplomatic relations between Paraguay and Japan |
1932 – 1935 | The Chaco War (against Bolivia) |
1936 | Start of Japanese immigration to Paraguay |
1947 | Civil War |
1954 – 1989 | Dictatorship of General Alfredo Stroessner |
1989 | Establishment of the 1992 Constitution, a democratic system of government |