Asuncion is the capital and largest city of Paraguay. Asuncion is the home of the national government, principal port, and the chief industrial and cultural centre of the country. Local manufacturing production includes footwear, textiles, and tobacco products. Paraguay is in Central South America, northeast of Argentina. Subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west. Grassy plains and wooded hills east of Rio Paraguay; Gran Chaco region west of Rio Paraguay mostly low, marshy plain near the river, and dry forest and thorny scrub elsewhere. The official languages are Guaraní and Spanish. English is spoken in business circles but some knowledge of Spanish will be appreciated as the latter is the common language in most private and public offices. The main religion is Christianity. Paraguay has a market economy characterized by a large informal sector. Agriculture dominates the economy, but unequal land distribution has resulted in a large class of peasant farm labourers. A large portion of the population is uninvolved in the formal economy, instead existing as subsistence farmers. The population in Asuncion is 2.3 Mil (2014 est.), while the inflation rate is 6.4% (2014 est.).
Cost Of Living
The cost of living for expatriates in Asuncion as at 1 October 2014 is average in comparison to other places in the world. In Asuncion, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very High 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Low 8) Household Accommodation: High 9) Miscellaneous: Low 10) Personal Care: Average 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low Asuncion is for example -19.3% cheaper than Montevideo for groceries, 20.4% more expensive for household costs than Durban, and -20.1% cheaper for transport costs than Athens. Asuncion is ranked as a some hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Asuncion for an expat from Zurich is for example 10%, i.e. host location (Asuncion) premium of 20% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Asuncion? Register subscribe to your home location and Asuncion and run your personalised reports.