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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. 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 Asuncion is 2.2 Million (Metro) (2019 est.), while the inflation rate (CPI) is 1.9% for Paraguay as at November 2019.Xpatulator Hypothetical Tax for Paraguay is based on the current personal income tax rate which is a flat rate of 10%.