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Paraguay

Paraguay (/ˈpærəɡwaɪ/; Spanish pronunciation: [paɾaˈɣwai̯]; Guarani: Paraguái, [paɾaˈɣwaj]), officially the Republic of Paraguay (Spanish: República del Paraguay; Guarani: Tetã Paraguái), is a landlocked country in central South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest.

Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south.

Due to its central location in South America, it is sometimes referred to as Corazón de Sudamérica ("Heart of South America").

The indigenous Guaraní had been living in Paraguay for at least a millennium before the Spanish conquered the territory in the 16th century.

Spanish settlers and Jesuit missions introduced Christianity and Spanish culture to the region.

Paraguay was a peripheral colony of the Spanish Empire, with few urban centers and settlers.

Following independence from Spain in 1811, Paraguay was ruled by a series of dictators who generally implemented isolationist and protectionist policies.

Following the disastrous Paraguayan War (1864–1870), the country lost 60 to 70 percent of its population through war and disease, and about 140,000 square kilometers (54,054 sq mi), one quarter of its territory, to Argentina and Brazil.

Through the 20th century, Paraguay continued to endure a succession of authoritarian governments, culminating in the regime of Alfredo Stroessner, who led South America's longest-lived military dictatorship from 1954 to 1989.

He was toppled in an internal military coup, and free multi-party elections were organized and held for the first time in 1993.

A year later, Paraguay joined Argentina, Brazil and Uruguay to found Mercosur, a regional economic collaborative.

As of 2009, Paraguay's population was estimated to be at around 6.5 million, most of whom are concentrated in the southeast region of the country.

The capital and largest city is Asunción, of which the metropolitan area is home to nearly a third of Paraguay's population.

In contrast to most Latin American nations, Paraguay's indigenous language and culture, Guaraní, remains highly influential.

In each census, residents predominantly identify as mestizo, reflecting years of intermarriage among the different ethnic groups.

Guaraní is recognized as an official language alongside Spanish, and both languages are widely spoken in the country.

Region:Latin America & Caribbean
Income Level:Upper middle income
Population, total:0 (2017)
Capital:Asuncion
Longitude:-57.6362
Latitude:-25.3005
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.