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Paraguay Paraguay

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Paraguay

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EconomicPoliticalStructural

Paraguay – Quick View
ECR score40.33 (Mar 2011)
ECR rank97 (Mar 2011)
Economic
GDP 2010USD 4.19 billion
GNI per capita PPP (2009)USD 4,430
FDI inflowUSD 244.3 million
Inflation December 20107.2%
Central bank assetsUSD 5,818.21million
Unemployment rate 20096.4%
Government SurplusUSD 0.07 billion
Tax revenue (2008)11.8% of GDP
Political
Government typeConstitutional republic
Recent political crisisNA
Economic freedom score (2011)77th
Freedom of information score54th
Corruption perception index146th
Structural
Birth rate24.6 per ‘000
Population balanceUnder 14 - 34.02%
Population balanceOver 65 – 4.98%
Life expectancy yearsMale 70.0 years
Life expectancy yearsFemale 74.2 years
Mortality rate5.6 per ‘000
Literacy rate94.6%
Internet access7.80%

[Top] Economic Overview

Swaziland’s economy is growing at slow pace. The country is mainly dependent on the industrial, services and manufacturing sector. The major exports include sugar, cotton, and wood pulp. The main trading partners are South Africa, the US and the European Union.

Gross domestic product (GDP)

According to preliminary estimates, GDP at constant prices for 2010 amounted to SZL 13.20 billion, as compared to SZL 12.94 billion in 2009. The GDP growth rate for 2010 was registered at 2%, as compared to 1.2% in 2009.

Swaziland GDP and GDP growth

(Source: IMF)

Gross national income (GNI) per capita

The country’s GNI per capita at PPP is USD 5,132 for 2010 as compared to USD 5,025 for 2005.

Swaziland GNI per capita, PPP

(Source: UNDP)

Inflation rate

The inflation rate for 2010 was estimated at 6.2%, as compared to 7.6% in 2009.

Swaziland Inflation rate

(Source: IMF)

FDI inflow

In 2009, the total Foreign Direct Investment (FDI) inflow was SZL 5.97 billion, including an equity investment of SZL 0.58 billion, reinvested earnings of SZL 2.75 billion, long-term capital of SZL 1.99 billion and short-term capital of SZL 0.66 billion. 

Swaziland FDI inflow

(Source: Central Bank of Swaziland)

Portfolio investment inflow

In 2009, the total portfolio investment amounted to SZL 984.4 million, which comprised of investment in assets and liabilities of SZL 1,011 million and -56 million respectively.


Portfolio investment 2009 (SZL million)

Portfolio investment assets

 

Equity securities

29.30

Debt securities

1,011.00

Portfolio investment liabilities

 

 

Equity securities

-56

Debt securities

0

Net Portfolio Investment

984.4

(Source: Central Bank of Swaziland)

Central bank assets

In 2010, the Central Bank of Swaziland reported total assets of SZL 6,729.99 millionm as compared to SZL 8,022.86 million in 2009.


 

Assets of Central Bank of Swaziland (SZL million)

 

2010

2009

Property, plant and equipment

141,283

81,509

Intangible assets

3,651

4,778

External investments

5,565,282

6,812,390

Claims on private sector

3,825

2,173

IMF Quota subscription account

565,239

544,353

Loans and advances

10,834

8,512

Amounts due from Government of Swaziland

1,035

8,218

Other assets

54.48

34,595

Currency inventory - notes and coins

31,850

38,914

Cash and cash equivalents

352,518

487,421

Total assets

6,729.99

8,022.86

 

[Top] Financial Indicators & Government Financial

Consumer price index (CPI)

The consumer price index in 2010 is estimated at 205.8, as compared to 193.7 in 2009.

Swaziland Consumer Price Index

(Source: IMF)

Interest rates

In March 2010, the average rate of interest on deposits was 4.02%.

(Source: Central Bank of Swaziland)

Money supply (currency in circulation)

In March 2009, the country’s money supply was SZL 365.472 million, including SZL 326.187 million notes and SZL 39.285 million coins. In 2010, the total money supply was SZL 481.550 million, which increased by 31.76% over the previous year.

Swaziland Money indicators

(Source: Central Bank of Swaziland)

Public debt

The public external debt for 2009-10 amounted to SZL 2,812.5 million, as compared to SZL 3,604.9 million in 2008-09.

(Source: Central Bank of Swaziland)

Private debt

In 2009-10, the private non-guaranteed debt was registered at SZL 351.3 million, as compared to SZL 390.1 million in 2008-09.

(Source: Central Bank of Swaziland)

Official exchange rate 2010

SZL per USD rate for 2010 was registered at 0.1361.

Swaziland Exchange rate

(Source: Central Bank of Swaziland)

Government finances

Fiscal balance

As per the budget, the fiscal deficit in 2011 is SZL 3.65 billion, as compared to a deficit of SZL 1.28 billion in 2010.

Swaziland Fiscal balance

B= Budgeted

(Source: Central Bank of Swaziland)

Revenue

According to preliminary estimates, total revenue for 2010 amounted to SZL 9,145.70 million, as compared to SZL 9,409.90 million in 2009.

Revenue

2010 e

2008

2009

Total Revenue

8,899.00

7,898.3

9,264.90

Grants

246.7

187.3

145

Total Revenue and Grants

9,145.70

8,085.50

9,409.90

(Source: Central Bank of Swaziland)


Tax revenue

The tax revenue in 2010 is estimated at SZL 8.63 billion, as compared to SZL 9.02 billion in 2009. As per the budget, the tax revenue for the year 2012 is projected at SZL 5.57 billion.

Swaziland Total tax revenue

B= Budgeted

(Source: Central Bank of Swaziland) 

Total grants

The grants amounted in 2010 is projected to be SZL 0.25 billion as compared to SZL 0.15 billion in 2009.

 
Swaziland Grants

P=projected

b= budgeted

(Source: Central Bank of Swaziland)


Current account balance


The current account deficit in 2010 is estimated at 12.56% of the GDP as compared to a deficit of 6.22% of the GDP.

 
Swaziland Current account balance

(Source: IMF)

Balance of payments

Balance of Payments (SZL million)

 

2009 P

2008

Current account Balance

-3,593.20

-1,911.90

Balance on goods, services, and income

-5,212.70

-3,644.00

Net current transfers

1,619.50

1,732.10

Capital account

33.9

-72.6

Financial account

-3,997.40

3,702.00

Net errors and omissions

-389.3

98.4

Reserve assets

12.4

-1,817.40

(Source: Central Bank of Swaziland)

[Top] Labour Force and Employment Overview

Total labour force of the country in 2009 was 3.16 million. Of the total labour force, 2.96 million people were employed and 0.2 million people were unemployed.

(Source: Statistics of Paraguay)

Unemployment rate in the country was 6.40% of total labour force in the year 2009, as compared to 5.70% in the year 2008.

Paraguay Unemployment Rate

 

(Source: Statistics of Paraguay)

Minimum wage

Minimum wage rate as of April 2009 in Paraguay was 1,408.86 per month.

(Source: Statistics of Paraguay)

Level of Unionisation

About 15% of the country’s labour force are members of trade unions. The country has 1,600 unions with total membership of approximately 121,000 workers.

(Source: State.gov)

[Top] Political Stability

Consumer price index (CPI)

The CPI substantially increased in 2010m due to the increased prices of electricity, petrol, food including non-alcoholic beverages, clothing and footwear.

Sweden Consumer Price Index

Base, Index 1980=100

(Source: National Statistics) 

Wholesale price index

Wholesale price index, also known as the producer price index (PPI), in 2010 was 116.2.

Sweden Wholesale Price Index

WPI Index (2005=100)

(Source: National Statistics)

Interest rates

In 2010, the deposit rate was registered at -0.12%, as compared to 0.08% in the previous year. The repo rate was 0.50% in the same year, as compared to 0.65% over the previous year.

(Source: riksbank)

Money supply (currency in circulation)

 

 

Year

 

Money Stock ( SEK billion)

 

M1

 

M3

2010

Jan

1478.96

2152.52

Feb

1462.13

2131.90

Mar

1467.55

2135.98

Apr

1471.71

2118.00

May

1452.68

2116.12

Jun

1493.36

2130.76

Jul

1487.45

2156.96

Aug

1472.15

2121.54

Sep

1490.84

2148.91

Oct

1512.32

2169.26

Nov

1542.55

2186.50

Dec

1580.74

2216.10

2009

Jan

1377.72

2125.54

Feb

1338.07

2118.78

Mar

1368.95

2072.21

Apr

1366.02

2112.63

May

1369.44

2106.92

Jun

1397.76

2081.47

Jul

1378.75

2053.59

Aug

1402.59

2071.75

Sep

1407.74

2056.83

Oct

1417.49

2069.43

Nov

1418.82

2086.56

Dec

1483.68

2114.77

(Source: National Statistics)

Government expenditure

 

Expenditure Area

(SEK billion)

2011 (Projected)

2010

2009

Total Expenditure

809.2

784.5

781.3

Governance

11.6

11.8

12.1

Economy and financial administration

13.0

12.3

12.0

Taxes, customs and enforcements

10.0

9.5

9.4

Justice

36.8

35.3

33.6

International Cooperation

2.0

2.0

1.8

Defence and contingency measures

45.3

43.9

42.1

International development cooperation

30.5

27.1

29.6

Migration

7.2

6.8

6.5

Health and medical care, social services

60.0

57.8

53.0

Financial Security for the sick and disabled

93.8

100.3

110.0

Financial Security for the elderly

40.6

41.2

42.3

Financial Security for families and children

73.1

70.3

68.0

Integration and gender equality

6.0

5.4

5.3

Labour market and working life

69.6

71.1

60.6

Financial support for students

23.5

23.1

21.4

Education and academic research

54.5

53.0

48.8

Culture, media, religious communities, leisure

12.1

11.3

10.2

Planning, housing provision, construction and consumer policy

1.3

1.6

1.9

Regional growth

3.5

3.4

3.2

General environmental protection and nature conservation

5.1

5.3

5.1

Energy

2.9

2.6

3.0

Transport and communications

40.1

40.8

40.6

Agriculture, forestry, fisheries and related industries

17.9

17.8

16.4

Industry and trade

5.4

8.5

6.6

General grants to local government

88.0

75.7

81.6

Interest on central government debt, etc

26.0

18.5

36.4

Contribution to the European community

30.6

28.1

19.2

(Source: Sweden.gov)

To recover from economic meltdown the Swedish Government has initiated the following measures:

 

  • Increase employment through better labour market policies, scope for innovation and flexible policies for entrepreneurs.
  • Introduce more knowledge in schools by creating more apprentices and supplying in-service training for teachers

(Source: Sweden.gov) 

Official exchange rate

Official exchange rate in 2010 was recorded at SEK 7.21 per dollar, as compared to SEK 7.64 per dollar in 2009.

Sweden Exchange Rate

(Source: riksbank)

Government financial well-being

Fiscal balance

The fiscal deficit in 2010 amounted to SEK 10.7 billion.

Total revenue

Total revenue for 2009 is confirmed at SEK 709.5 billion.

Sweden Sources of Government Revenue

(Source: Sweden.gov)

Swedish Government has confirmed s total revenues of SEK 709.5 billion and SEK 770.5 billion in 2009 and 2010 respectively, and has further projected the revenue to grow to SEK 833 billion by 2011.

Total Revenues (SEK billion)

Revenue from various sources

Budgeted Revenue, 2011

Revenue, 2010

Total Revenues

833.2

770.6

Central government tax revenues

798.5

771.1

Revenue from central government activities

50.5

40.9

Income from sale of property

25

0

Loan repayments

1.5

1.6

Computed revenue

10.9

9.2

EU grants

13.1

14.4

Credit payments

-66.3

 

(Source: Sweden.gov)

Tax revenue

The total tax revenue in 2009 was SEK 1,424 billion. Total tax revenues from the county councils and municipalities were SEK 175.7 billion and SEK 336.4 billion respectively in 2009.

(Source: National Statistics)

 

Government has reduced taxes for individuals on sickness insurance, changes in employment and lower social security contributions for employees. Government has also provided tax credit for household services, building repairs and maintenance.

(Source: sweden.gov)

Current account balance

Sweden Current Account Balance

(Source: National Statistics)

For September 2010, the net trade balance of Sweden was recorded at SEK 8.1 billion, with export of goods amounting to SEK 102.9 billion and import of goods at SEK 94.8 billion.

Trade within the European Union (EU) accounted for a deficit of SEK 5.7 billion, however trade with countries outside the EU accounted for a surplus of SEK 13.8 billion.

 (Source:National Statistics, NS)

Balance of payments

The net trade balance in goods resulted in a capital inflow of SEK 18 billion in Q2 2010, a decrease of 15.5% as compared to the previous quarter. The net trade balance in services remained constant in the second and third quarter of 2010 at SEK 31.2 billion. Exports in the third quarter declined, due to an increase in the value of the Swedish Krona (SEK), resulting in a weaker trade of goods. A decline in trade, in Q3 2010, lead to the decrease of current account surplus to SEK 50.3 billion.

Sweden's Balance of Payments (SEK billion)

Year

Trade in goods

Trade in services

Total Trade

Total Income

Current transfers

Current account

Capital account

Q3 2010

18.0

31.2

49.2

15.0

-13.3

50.3

-0.6

Q2 2010

21.3

31.2

52.5

10.5

-7.1

55.4

-1.3

2009

104.1

103.1

207.2

55.5

-39.3

221.10

-3.9

2008

101.4

109.8

211.2

111.4

-42.2

278.1

-5.2

 


 

 

 

 

 

 

(Source: National Statistics)

[Top] Demographic Overview

Roadways

The length of roads is about 3,594 km, of which 30% are paved.

(Source: estandardsforum.org)

Railways

The length of the rail network is about 301 km.

(Source: estandardsforum.org)

Airports

Town

Airport name

Runway length (ft)

Big Bend

Ubombo Ranches

2,400

Kubuta 'B'

Kubuta

2,100

Lavumisa

Lavumisa

2,800

Manzini

Matsapha

8,500

Mhlume

Mhlume

2,300

Ngonini

Piggs Peak

2,700

Nhlangano

Nhlangano

2,200

Nsoko

Nsoko

2,200

Simunye

Simunye

3,600

Tambankulu

Tambankulu

2,800

Tshaneni

Tshaneni

2,400

(Source: Aircraft-charte-world.com)

Telecommunications networks

In 2010, 90,000 people used internet services. The internet penetration was 6.6% of the population.

Telephone fixed line users and mobile phones users were 40,000 and 70,000 respectively.

(Source: internateworldstats.com, The Government of Swaziland)

[Top] Soft Infrastructure

 

Literacy rates

As of 2010, theliteracy rate of  is 94.6%.

(Source: UNDP)

Educational resources

The country has various educational institutions including public and private educational institutions. Education facilities in the country include 5,775 educational institutes in the year 2008, of which 4,599 are official institutes, 671 are private institutes and 505 are private subsidised institutes.

(Source: Statistics of Paraguay)

Health care

In the year 2009, the country had 6,108 hospital beds, of which 4,656 beds are in Ministry of Public Health and Social Welfare institutions, 690 beds are in I.P.S. - Central Hospital, 214 beds are in Central Armed Forces Hospital, 74 beds are in Police Hospital and 474 beds are in Hospital and Clinics.

The country had 22,454 health personnel in the year 2009, of which 5,114 were doctors, 702 dentist and 933 were biochemical personnel.

The country’s expenditure on health is about 2.4% of the GDP.

(Source: Statistics of Paraguay, UNDP)

[Top] Hard Infrastructure

The mass public transport in the country is primarily dependant on roadways.

Ports:  The major ports in Paraguay are - Puerto de Ita Enramada, Puerto de Salto del Guaira, Puerto de Presidente Franco, Puerto de Pilar.

(Source:world port source)

Airports

 

Town

Airport name

Runway length (ft.)

Asuncion

Asuncion Silvio Pettirossi Int

11,000

Ciudad Del Este

Guarani Intl

11,100

Guarani

Guarani

11,100

Concepcion

Ten. Crl. Carmelo Peralta

6,000

Santa Teresa

Santa Teresa

5,900

Hernandarias

Itaipu Intl

4,500

(Source: Air charter world)

Telecommunications networks

The country had 98.7 telephone subscribers per 100 inhabitants in the year 2008. In the year 2008, the country had 95 mobile cellular subscribers per 100 people.

(Source: UN, World Bank)

Total internet users in the country were 530,300 in 2008.

Paraguay Internet Subscribers

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