|
 Paraguay
is a landlocked nation that is located in the Western
Hemisphere. At times, it is also referred to as the
Heart of America because it is situated in the central
part of South America. Majority of the people living in
Paraguay are Roman Catholics and there are also
followers of other religions as well. Most of the people
living here are based in the eastern region near the
largest city, which is also the capital city of
Paraguay, Asunción. In fact, about 1/10th of the
population lives in this city.
The country is considered to be a poor nation because
about 30% to 50% of the population is poor. In fact, it
has been reported that Paraguay is the second poorest
nation in the South America with a Gross Domestic
Product per capita of just four thousand dollars. Its
human development index score is 0.755. It is possible
for foreigners to buy land in Paraguay. However, the
citizens of Bolivia, Argentina and Brazil are not
allowed to own land in certain frontier regions. Cattle
ranching, agribusiness and agriculture are important
activities for Paraguay’s economy. The nation is
considered as the third largest exporter of chalk boards
in the world.
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