Paraguay is in Central South America, northeast of Argentina. The climate is subtropical to temperate with substantial rainfall in the eastern portions, becoming semi arid in the far west. 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. Paraguayans are almost always friendly and courteous to expatriates. Expatriate business dress is typically a suits for both men and women. The security risk for expatriates in Paraguay is low, but medium in the border areas. Risks include petty crime (in tourist areas), armed robbery, car theft, assault, rape, home invasion, and kidnapping. The currency of Paraguay is the Paraguay Guarani (PYG). ATMs are available. Travellers’ cheques are not widely accepted. Private medical facilities are generally good in the major cities, but elsewhere may not meet acceptable international standards. Up front payment is often required for treatment. Cases of Zika virus have been reported. There are regular outbreaks of dengue fever. The population of Paraguay is 7.1 Million (2019 est.), while the inflation rate (CPI) is 2.8% for Paraguay as at June 2019. Xpatulator Hypothetical Tax for Paraguay is based on the current personal income tax rate which is a flat rate of 10%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Paraguay, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Paraguay as at 1 July 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Low 3) Communication: Low 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: High 9) Miscellaneous: Average 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Paraguay is for example -42.2% cheaper than USA for groceries, 8.1% more expensive for household costs than UK, and 61.6% more expensive for transport costs than India. The hardship premium for Paraguay for an expat from Australia, is for example 10%, i.e. host location (Paraguay) premium of 20% minus home (Australia) location premium of 10%. Paraguay is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Paraguay? Register subscribe to your home location and Paraguay and run your personalised reports.