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Table of Contents
Page No.
MAP
COUNTRY DATA
A. Background ........................................ I
- Physical Endowment ............................. I
- Human Resources ................................ 3
B. Growth of Output and Income ....................... 4
C. Wages and Employment .............................. 6
D. Balance of Payments ............................... 7
E. Monetary Policy ................................... 10
F. Fiscal Policy and Public Finances .... .............12
- Public Sector Investment ....................... 14
- Agriculture .........................................18
- Industry . 23
............................................
STATISTICAL APPENDIX
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Page 1 of 2 pages
COUNTRYDATA - PARAGUAY
1/
GNP PER CAPITA in 1977 : JS$760
GROSS NATIONAL PRODUCT IN 1977 ANNUAL RATE OF GROWTH (7.. constant prices)
GOVERNMENTFINANCE
Filip Sector Central Government
( Mln.) %. of GDp ( ¢ Mln.) % of GDP
1977 1977 195 -77 1977 1977 1975-77
1/ The Per Capita GNP estimate is at current market prices, calculated by the same conversion
technique as the 1971 World Atlas. All other conversions to dollars in this table are
at the average exchange rate prevailing during the period covered.
2/ Total labor force; unemployed are allocated to sector of their normal occupation. "Unallocated" consists
mainly of unemployed workers seeking their first job.
not available
not applicable
Page 2 of 2 pages
COUNTRYDATA - PARAGUAY
MONEY, CREDIT and PRICES 1972 1973 1974 1975 1976 1977
(Million ¢ outstandinx end teriod)
Money and Quasi Money 20,108 24,932 30,196 36,571 43,351 59,939
Bank Credit to Public Sector 5,590 4,826 2,701 2,253 1,502 -4,916
Bank Credit to Private Sector 17,822 21,475 24,964 29,226 34,403 42,479
Money and Quasi Money as % of GDP 20.8 19.9 18.0 19.2 20.3 22.7
Wholesale Price Index (1972 - 100) 100.0 138.0 180.1 207.4 209.7 226.5
Annual percentage changes in:
Wholesale Price Index 8.5 38.0 30.5 15.2 1.1 8.0
Bank credit to Public Sector 21.2 -13.6 -44.9 -16.5 -33.3
Bank credit to Private Sector 11.1 20.5 16.2 17.1 17.7 23.5
Exports of Goods, NFS 210.0 212.0 332.5 Soybean & other Seeds 37.3 17.6
Imports of Goods, NFS 300.3 306.3 451.5 Cotton 455' 21.2
Resource Gap (deficit = _) -90.3 -94.3 -119.0 Tobacco 13.5 6.3
Other 67.5 31.8
Interest Payments (net) -11.9 -14.0 -14.0 Total 212.5 100.0
Workers' Remittances - - -
Other Factor Payments (net) -1.4 -1.1 -1.6
Net Transfers 14.0 4.2 1.2
Balance on Current Account -89.6 -105.2 -133.4 EXTERNAL DEBT, DECEMBER 31. 1977
IBRD IDA
not available
not applicable
March 1978
SUMMARY AND CONCLUSIONS
the volume of cotton and soybean exports more than doubled. Wood and beef
continue to be importantproducts representingabout 15% of exports in 1977.
The diversificationof export structure has improved the country'sability to
weather unfavorableinternationaleconomic events. Furthermore,it demonstrates
the ability of Paraguayanproducers to adjust rapidly to internationalprices
as well as the importanceof domestic policies that allow internalprices to
reflect world market conditions.
Economic Prospects
13. The ongoing boom in private investment and the prospect of continued
high rates of GDP growth will call for greater public investment in supporting
infrastructure as well as increased expenditure for education, health, rural
development and other development-related services. The program based mainly
on projects which are currently being implemented or are being considered by
the various ministries and agencies implies that public sector investments
would average about 5% of GDP during 1979-83 rising gradually from 4.8% to
5.3% in 1983, levels that are in line with past experience. The trend reflects
the initial limitations in absorptive capacity as well as a small pipeline of
projects. The composition of the public sector investment program is likely
to continue to be dominated by infrastructure even though there should be an
increase in the proportion going to the productive and social sectors. This
investment program (as well as the higher current expenditures required to
improve the effectiveness and broaden the scope of public action) imply that
the Government will require additional resources. Pending revenues from power
exports, the Central Government will require new tax measures, such as a
progressive income tax and changes in import duty structure including increasing
levies on luxury goods. Such measures could raise tax revenues without being
a disincentive to increased production.
14. The level and pattern of public investment that could be achieved
during the next five years will also depend on the technical and administra-
tive capacity of the public sector to prepare and implement projects. Although
improvements have been made in the planning mechanism in recent years, effi-
cient implementation of the public sector investment program would require
a greater number of well-prepared projects. There is a need for upgrading
the technical aspects of project identification and preparation, and for
devoting increased attention to enhancing the administrative capacity of
public sector institutions. Monitoring and evaluation capabilities also need
to be strengthened to determine the progress of projects and to alter project
design according to the emerging constraints. Streamlining and decentralizing
the decision-making process will be required. Moreover, salaries of scarce
professional staff need to be adjusted upwards to compete more effectively
with the increased demands of the private sector and the binational power
authorities for their services. Given the institutional difficulties and the
urgent need for greater public investment to support higher levels of private
economic activity, external development assistancee could usefully emphasize
technical and training aspects with the objective of enhancing domestic
absorptive capacity.
v
RECENT ECONOMICPERFORMANCE
A. Background
PhysicalEndowment
6. The Chaco, the area west of the Paraguay River, comprises almost
60% of the country's area but contains only 3% of the population. Owing to
unfavorable climate consisting of alternating periods of drought and flooding
its economic development has been limited to extensive ranching and some
areas cultivated by Mennonite groups. While the full potential of the
region is not well known its development would require heavy investments
in water development; in the short- and medium-term the Eastern Region
offers better prospects.
7. With the oil crisis of 1974 and growth of power markets in Argentina
and Brazil, the hydroelectric potential of the Parana River has begun to be
exploited. Currently three hydroelectric projects with a total planned
capacity of 17,000 MW and eventual generation of nearly 100 billion Kwh
annually are at various stages of planning and execution. The Itaipu
project being constructed jointly with Brazil and situated near Ciudad
Presidente Stroessner will be the largest hydroplant in the world with a
capacity of 12,600 MW, more than forty times Paraguay's present installed
capacity of 288 MW. Construction of Yacyreta in conjunction with Argentina
is expected to start shortly and the preliminary works are already underway,
while Corpus, which is located between Itaipu and Yacyreta, is still at the
planning stage.
- 3 -
Human Resources
2/ Defined as the ratio of population aged (10-14 years) and (65 or more)
to population aged (15-16), multiplied by 100.
-4-
Average Composition %
1972 1973 1974 1975 1976 1977 1972-77 1972 1975 1977
Agriculture 3.9 8.7 9.2 3.9 5.0 9.4 7.2 34.5 34.7 33.1
Industry 6.4 8.5 9.7 1.8 8.1 21.1 9.7 19.0 18.8 20.5
Infrastructure
services 10.4 13.4 10.8 15.6 11.8 9.4 12.2 5.3 6.2 6.3
Other services 5.0 6.1 6.4 6.1 8.8 9.8 7.5 41.2 40.3 40.1
Gross domestic
product 5.1 7.8 8.3 5.0 7.5 11.8 8.1 100.0 100.0 100.0
GDP in current
million US$ 769 995.5 1333.5 15511.4 1699.0 2091.1
Per Capita
(US$) 316 398 518 571 624 746
14. Growth has been accompanied by rapid capital formation and gross
investment as a share of GDP has increased from 15.1% in 1972 to 24.7% in 1977
(excluding direct investment in Itaipu). In Paraguay the private sector
accounts for the major share of total investment, increasing from 70% in 1972
to 77% in 1977. Foreign participation in investment has also grown, increasing
from about 14% of total investment in 1972 to almost 30% in 1977 1/. Invest-
ment has responded to the country's favorable development prospects and has
Source: Calculated from data in current prices; see Table 2.4 Statistical
Appendix.
16. Analysis of the effects of high growth on wage levels and employ-
ment is limited by the scarcity of information. The limited available data
suggest that the economic expansion has increased employment as well as
raised wages in the non-organized sector, though real wages in the organized
sector have not changed much. Indications are that higher employment has been
accompanied by higher wages in industries not covered by the Central Bank
index as well as greater employment opportunities. 1/ The increase in per
capita GDP relative to average wage of surveyed worker suggests an increase
in other incomes, namely that of other the workers of farmers. Two surveys in
Asuncion show that the proportion of the labor force earning less than I 1,000
a week in constant 1973 prices declined from 31% in 1973 to about 17% in 1976
suggesting that wages of urban workers have improved. Rural wage rates have
also increased as has been reported by technicians of the Ministry of
Agriculture.
D. Balance of Payments
19. Agricultural growth and Itaipu have also contributed to the very
favorable balance of payments situation. Despite a widening trade balance,
reserves have increased from US$150 million at the end of 1976 to about US$440
million by 1978 (representing about 7 months of imports) largely reflecting
capital inflows on both the official and private accounts (see Table 4). The
largest single source of capital inflows (US$143 million in 1977) has been the
Itaipu Binational Entity. The rapid growth of export earnings (20% per annum
between 1975 and 1977) and the slow growth of external debt (15% per annum
between 1975 and 1978) as well as the favorable terms on which it had been
contracted (average interest of about 4%) have all contributed to Paraguay
having a low debt service ratio.
1/ The index is based on a 1969 survey of firms registered with the Labor
Ministry. The workers in the sample who were only a fraction of the
total labor force enjoyed salaries substantially higher than in the rest
of the economy, and seemed to represent only the highest paid members
of the labor force.
Table 4: BALANCE OF PAYMENTS -
(millions of US$)
Short Term Capital Flows and Errors and Omissions 30.1 - 7.8 - 22.4 -42.8
20. The trade picture is clouded by data problems which arise from the
large volume of unrecorded trade and the convention followed for registering
expenditures by Itaipu (see Annex 1). The discrepancy between registered
trade figures and those derived from partner country data has been increasing
and may be as much as 50%. Unregistered trade does not seem to be in
response to an overvalued exchange rate (the legal free market exchange rate
is only about 5% higher than the official exchange rate which has been
unchanged for over 20 years) or because of quantitative controls. Since
unregistered imports are greater than unregistered exports, the current
account deficit is significantly larger when unrecorded transactions are
included (see Annex 1, Tables a and b). The financing of this larger
deficit through private capital inflows adds an element of uncertainty to
the balance of payments prospects as such flows could be volatile. For a
proper appraisal of their importance to the economy as well as to enable the
Government to take corrective action should they decline thus exerting
pressure on the balance of payments, it is suggested that foreign trade data
collection be improved. The main commodities featured in unregistered trade
as well as the direction of such trade could be identified through partner
country data. This information could then be used to improve domestic
collection of external trade data.
22. The rapid increase in imports has implied that despite exports
growing at an average annual rate of 17% during 1974-77, the current account
deficit has tended to widen. This increase in the current account deficit,
even though covered until now by capital inflows, points to the need to main-
tain policies favorable to export expansion. The much larger current account
deficit estimated when unrecorded trade is included in the analysis only
underscores this need. The recent rapid expansion of exports as well as
their diversification, however, augurs well for Paraguay's ability to main-
tain a healthy balance of payments.
23. The rapid expansion of recent years has altered Paraguay's export
structure. The predominant position of wood and beef which accounted for
almost 50% of total exports in the early 1970's has been taken by cotton and
soybean which accounted for 50% of registered commodity exports in 1977 (see
Statistical Appendix, table 3.2). An increase of about 300% in the interna-
tional price of raw cotton and soybeans between 1970 and 1977 together with
Government programs aimed in part at small landholdders who predominate in
their production led to a rapid increase in production, and export volume of
these commodities increased 5 fold and 150 fold respectively. Again, between
1975 and 1977, the volume of cotton and soybean exports more than doubled.
However, wood and beef continue to be important, accounting for about a sixth
of Paraguay's exports in 1977 more than that of the next two largest export
items in the early seventies. The diversification of export structure has
improved Paraguay's ability to weather an unfavorable international market
in a particular commodity. It suggests the ability of Paraguayan producers
to adjustly rapidly to international prices as well as the positive effects
of appropriate price policies.
E. Monetary Policy
24. Since the Paraguayan experience of high inflation rates in the late
fifties and early sixties which were eventually brought under control through
a stabilization program in cooperation with the IMF, the Government has fol-
lowed cautious fiscal and monetary policies resulting in a stable price
environment. The inflationary upsurge following international developments
in 1973-74 was quickly controlled and the average annual rate of inflation
decelerated to 7% in 1975 and 5% in 1976 from 25% in 1974 (see Statistical
Appendix table 9.3). The continued high rate of growth together with foreign
capital inflows leading to monetary expansion have resulted again in a slight
acceleration of inflation to 9% in 1977 and about 11% in 1978. 1/
25. The price increase has been moderate owing to an expanding supply
of food, availability of imports resulting from the openness of the economy
and continuing monetization of the economy. Furthermore, the Government
has followed a very cautious fiscal policy as a major instrument against
inflation. While fiscal restraint did restrict monetary expansion, an
austere fiscal policy can have only limited impact on aggregate demand in
Paraguay because of the relatively small size of the public sector. More-
over, the authorities need to ensure that such a policy does not run counter
to efforts at better provision of economic and social services.
27. The Central Bank's net foreign assets increased from US$151.4
million in 1976 to about US$440.0 million in 1978 reflecting the favorable
balance-of-payments position (see Table 5). This increase raised the money
base despite reduced Central Bank credit to the public and private sectors.
Central Bank credit to the public sector which was US$28.7 million in 1976
has been negative since the end of 1977 reaching minus US$50.0 million by
December 1978 as public sector deposits at the Central Bank were then
larger than outstanding credit.
A. Net international reserves 6,651 10,490 13,986 18,854 32,790 - 30299 49,479
1. Assets 7,201 10,991 14,510 19,844 33,780 31,630 50,733
2. Liabilities -550 -501 -524 -990 -990 -1,331 -1,254
28. Net Central Bank credit to the banking sector has declined as credit
extended has been constant during 1977-78 at about US$50.0 million, while
legal reserves increased from US$110.6 million in 1976 to US$190 million in
1978, despite a constant reserve ratio. Reduced credit to the domestic
economy counteracted the substantial increase in the Central Bank's foreign
assets and restricted the increase in money supply to about 30% each in 1977
and 1978.
1/ The public sector is composed of the Central Government and the public
enterprises. Within the General Government the Central Administration
accounts for about 85% of expenditures and revenues. Other components
of the General Government are the social security institutions, the
decentralized agencies and the municipalities.
- 13 -
34. The authorities are aware of the demands and need for additional
government services. To provide these services while maintaining sound
financial practices would require greater financial resources. This implies
increasing revenues of the central administration. Maintenance of the cur-
rent user charge policies in public enterprises would obviate the need for
large transfers from the Central Administration.
36. To generate the additional resources needed to meet the demand and
needs of a rapidly growing economy further tax reform will be necessary. In
principle, the absence of fiscal crisis should make it possible to adopt new
- 14 -
The Central Administration was responsible for about 35% of the total invest-
ment, and public enterprises about 55%, with the rest being spent by munici-
palities.
39. The main characteristics of public sector investment have been its
concentration on infrastructure and the important role of external agencies.
Close to 70% of total public sector investment went to energy, transport and
communications, while that to the productive sectors (agriculture, industry)
had been small (see Table 7). The latter sectors benefit more from indirect
investments through Government provision of credit. Fixed public investment
in agriculture has been small (3.5%) as the sector does not require major
direct investment (e.g., irrigation). Integrated rural development programs
are a part of government efforts to improve rural productivity and standards
of living. The different non-agricultural components are included in their
respective sector's investment rather than in agricultural investment.
40. Similarly, in the industrial sector, public sector support takes the
form of promotion (tax incentives) and provision of credit. Direct involvement
has been limited to public enterprises like the National Cement Industry and
the Alcohol Monopoly.
41. The social sectors (education and health) seem to present the
greatest imbalance between unfulfilled needs and availability of resources
for investment. Their share in fixed investment has been declining as has
their share in current expenditures. Financial constraints due to austere
expenditure policies and weak administrative capacity have held back the
expansion of these social services. The Government's plans call for a sub-
stantial increase in investment for social sectors. Efficient execution of
these projects will require considerable strengthening of the institutions
involved in the sector.
- 16 -
CHAPTER II
Agriculture
51. In recent years, the agricultural sector has been undergoing struc-
tural change under the impetus of government programs and the impact of Itaipu
on the Eastern Region. This has resulted in accelerated colonization of the
Southern and Eastern parts of the country and a reduction of pressure on land
in the minifundia area around Asuncion. The sector has also been undergoing a
shift from subsistence agriculture to commercial farming. However, the effect
of the recent rapid growth on the structural characteristics of the sector
cannot be determined with any precision as there has not been a census since
1956 when most currently colonized areas were still virgin lands and the
ongoing surveys are based on that census.
52. The design behind the Government's policies has been to enable the
private sector to develop Paraguay's land resources. Government programs have
been aimed at opening up new lands for cultivation through colonization schemes
54. Agricultural output grew at 8% per year between 1973 and 1977, far
outstripping the population growth rate. This has enabled the country to be
practically self-sufficient in food as well as to rapidly expand exports of
agricultural commodities. The most remarkable achievement in this period has
been the rapidly expanding production and export of soybeans and cotton. These
commodities accounted for about 50% of registered merchandise exports in 1977
as compared to about 18% in 1973. Output gains for both export and domestic
crops have been obtained primarily through expansion of acreage, as yields
have hardly improved (see Table 8).
57. The main policy issues raised by the character of Paraguayan agri-
culture are the need for a land utilization policy to restrict economic and
ecological damage from acreage expansion and to bridge the productivity gap
between large and small farmers. As compared to large farmers, smallholders
require much broader institutional support regarding credit, technical
assistance, infrastructure and organized marketing channels. Provision of
these services would enable small farmers to increase their productivity, as
has already been happening in project currently being implemented and is
justified on economic grounds. However, the provision of adequate levels
of such services to widely scattered small farms is a slow process requiring
substantial financial resources and institutional cooperation. It is thus
essential that the Government's rural development programs not be retarded
by an overly austere fiscal policy. To carry out these actions the Government
will have to review the manpower, financial and institutional implications of
- 21 -
Export Crops
Soybeans 81.4 228.8 23.0 1,505 1,647 1.8 122.5 376.9 25.0
Cotton 81.1 200.2 19.8 1,052 1,135 1.5 85.3 227.4 21.5
Tobacco 20.4 29.8 7.9 1,309 1,390 1.2 26.7 41.4 9.1
Domestic Crops
Corn 185.6 282.1 8.8 1,325 1,421 1.4 246.0 401.0 10.3
Manioc 79.6 116.1 7.8 13,918 14,803 1.2 1,107.9 1,718.6 9.2
Wheat 20.3 28.5 7.0 1,133 993 -2.7 23.0 28.3 4.3
Industry
60. The industrial sector, which contributes 20% to GDP and employs 16%
of the labor force, is heavily dependent on agriculture as two-thirds of the
sector's value added is derived from processing agricultural products. This
concentration in agro-industries reflects the relative abundance of agricul-
tural raw materials. The substantial volume of non-registered trade has
implied low effective protection, discouraging creation of inefficient import
substitution industry and favoring establishment of relatively efficient indus-
tries based on the country's comparative advantages. The industrial sector is
characterized by relatively small firms (50% have less than ten workers) and
concentration around the main consumer market, Asuncion, which has a relatively
good infrastructure.
61. In recent years, the sector has grown rapidly (7.5% annual growth in
1973-77) as a result of, on the one hand, the increasing availability of agri-
cultural raw materials, and, on the other, the demand generated by increasing
incomes from agricultural growth and construction of the Itaipu project. Owing
to rising domestic incomes and the declining importance of meat processing
because of external marketing difficulties, the sector is becoming more inter-
nally oriented. Exports of some industrial products such as cement and tung
oil have declined as booming domestic demand reduced the exportable surplus.
The fixed exchange rate might have contributed to the shift of output from
the external to the domestic market.
62. The colonization and location of Itaipu's dam in the Eastern region
are lessening the concentration of industrial activity around Asuncion.
According to Ministry of Industry and Commerce (MIC) data for registered
industrial investment, for the first time in 1977 the value of proposed
investments in the three Eastern departments of Alto Parana, Itapua and
Caaguazu exceeded that for the capital and the adjoining Central Department.
The same data indicate a tendency for investments to become larger so that
increased financing is required. The demand for a better trained labor force
is also increasing.
63. The Government's policy towards the sector has aimed at expanding
agro-industrial exports through the creation of a favorable investment climate
for private investors. The main instrument has been the 1970 Industrial Pro-
motion Law (Law No. 210) which was reformed in 1975 (Law No. 550). The law
provides the Government with authority to grant various types of fiscal incen-
tives to "necessary" industries -- those that are export-oriented and "advan-
tageous" industries -- those that are labor-intensive/import substitution
industries. The main benefits provided under the law include exemption
of taxes on capital transfers, a 50% reduction of income taxes and duty
free importation of capital goods. This law has been an attractive incentive
in a generally favorable economic environment. Since the enactment of the
law, the pace of industrial investment accelerated. Investments qualifying
under the law increased from US$68 million in 1976 to about US$150 million
in 1978 and the number of approved projects increased from 162 to about 244
respectively.
65. Under the static economic environment that prevailed in the economy
for many years Paraguayan entrepreneurs had no need to assess evolving market
opportunities and risks. They now need, in particular, assistance in project
identification and preparation. In this context domestic and export market
studies are important, and the MIC or the association of industrialists could
coordinate these. The resources of the Pre-Investment Fund for project prepa-
ration could be made available to a greater variety of entrepreneurs. Further-
more, participation in joint ventures with foreign firms can shorten the
learning period as well as provide short run production benefits. Paraguayan
entrepreneurs have been cautious in forming joint ventures, partly because
they would not be able to provide enough capital to have a significant manage-
ment role. The experience recently obtained by Paraguayan construction firms
in organizing into a consortium for the civil works at Itaipu in conjunction
with a similarly organized Brazilian consortium is an indication of the
- 25 -
67. Passage of the proposed capital markets law would improve the func-
tioning of the recently established stock market thus opening a new source for
long-term capital. The draft law provides for additional financial disclosure
by firms in order to provide comparable information and a measure of security
to investors. At present, little financial information is available about
firms, particularly individual and partnership firms. In addition, the draft
law provides for fiscal incentives, such as partial exemption from stamp and
other duties as well as from taxes on a firm's assets and earnings. The incen-
tives are applicable to initial holders of stocks, financial intermediaries
operating in the capital market and companies issuing the stocks. As compared
to the present situation, passage of this law would provide fiscal incentives
- 26 -
68. Apart from acting to increase the supply of long-term capital for
industry,Governmentshould attempt to improve availabilityof raw materials.
Special credit facilitiesand probably complementaryinvestmentsby the Gov-
ernment (silos,etc.) will be required to ease the current shortage of storage
facilities. But proper mobility of raw materials and finishedproductswill
require improvedmarketing channelsand better transportfacilities. In
particular,developmentof transport facilitiesshould assist in the devel-
opment of an integratednationalmarket.
CHAPTER III
GROWTH PROSPECTS
70. Given the availability of still abundant land resources and the
continuing construction of the Itaipu and Yacyreta hydroelectric projects,
Paraguay's development prospects over the foreseeable future are good. The
economy can be expected to continue to grow at an average annual rate of
about 10% for the next five years. The pattern of growth is expected to
follow recent experience and would thus depend mainly on continued expansion
of acreage under cultivation, the beginning of intensification of livestock
operations, and exploitation of manufacturing opportunities for processing the
increased agricultural output as well as meeting the demand generated by
construction of the hydroelectric projects.
71. The course of the Paraguayan economy will be influenced by the pace
of construction of the hydroelectric projects, particularly because of the
size of the projects relative to Paraguay's economy, and their spillover
effect on private economic activity and investments. The projections below
are based on the following assumptions: (a) construction activity on Itaipu
will taper off after 1981; (b) construction of Yacyreta will be proceeding in
the early 80's but at a slower pace than had been envisaged; since Yacyreta
is considerably smaller than Itaipu its impact on the economy will be much
less; (c) production of electricity will not have commenced in the projection
period 1978-83, so that no revenues from electricity sales are shown to accrue
to Paraguay in this period.
74. Under the assumptions that such conditions exist the average growth
rate in the period 1979-83 is projected to be about 10%. The rate might dec-
line to 8% after 1981 when construction activity on Itaipu and the associated
capital inflows begin to decrease. The reduced capital inflows will make it
difficult to maintain high investment ratios without additional measures to
substantially increase public and private sector savings, and will also imply
additional commercial borrowing on relatively hard terms to finance the exter-
nal gap. However, in the period after peak construction of Itaipu, it should
be feasible to maintain domestic savings rates of about 14%, and to raise
additional external capital of about US$100 million a year from commercial
sources without worsening Paraguay's debt service ratio. Under these cir-
cumstances, the economy could grow at about 8% a year.
Average
Share of GDY Annual Growth
1977 1978 1979 1980 1981 1982 1983 1978 1983 1978-83
Gross domestic product 263.6 289.6 322.7 358.9 394.4 426.2 460.5 100.9 100.3 9.7
Gains from terms of trade - -2.7 -2.5 -2.8 -1.2 -2.2 -1.4 .9 0.3 -
Gross domestic income 263.6 286.9 320.5 356.1 393.2 424.0 459.1 100.0 100.0 9.7
Imports of goods and NFS 86.0 88.4 99.5 110.8 119.6 127.8 136.4 30.8 29.7 9.1
Exports of goods and NFS 56.0 -57.5 -67.2 -77.2 -86.7 -95.9 -106.1 20.0 23.1 13.0
Exports (import capacity) 56.0 -54.8 -64.7 -74.4 -85.4 -93.6 -104.6 19.1 22.8 13.6
Resource gap 30.0 33.6 34.8 36.4 34.2 34.2 31.8 11.7 6.9 -
Consumption 228.5 250.2 275.6 305.5 338.5 366.1 394.8 87.2 86.o 9.6
Investment 65.1 70.3 79.4 86.9 88.8 92.1 96.1 24.5 20.9 6.5
Domestic Savings 35.1 36.7 44.6 50.5 54.6 57.9 64.3 12.8 14.0 11.9
National savings 33,3 35,7 41,3 46.4 50.0 51.4 57.1 12.4 12.4 9.8
1/ Unrecorded exports and imports are included in the table. Consequently the resource gap is different
from that in the official figures. Official figures for GDP and investment are used so that the
adjustmentis in savings. Itaipu'transactionswere included only as capital inflows and thus do
not enter into this table.
- 30 -
The sector will also benefit from several rural developmentsand credit
projects (some 60% of Government'sfinancial investmentis expected to go to
agriculture). Thus, the sector should get more support than in the past but
still will leave considerableunsatisfied demands. The pace of execution of
the current projectsand lack of sufficientnew projects in the pipelineare
expected to lead to a reduction in agriculture'sshare in total public sector
investment in 1982-83. Because of the large number of domestic and external
agencies involved, it would be highly desirable to coordinateactions to
optimize results.
1/ Disbursements,excluding Itaipu.
81. The already limited administrative capacity of MOPC and its depen-
dencies has been exacerbated by the loss of personnel (especially at the tech-
nical level) because of low salaries and competition from Itaipu and the
private sector. Transport is furthermore affected by Itaipu's demand for con-
struction materials that is raising costs and producing scarcities. Even
though deficits in domestic supply should be met by imports, delays could be
experienced as supply channels are not yet well developed.
(millions of current ¢)
Transport and
Communication 8,361 9,199 10,359 15,522 19,240
ANTELCO II stage
telecommunication
plan 630 693 838 1,114 1,860
Transchaco road 1,300 1,067 1,264 1,411 1,632
Asunci6n airport
terminal 2,596 340 - - -
Itapua rural roads 900 1,100 - - -
Road maintenance
program 1,235 1,631 1,810 2,098 2,421
Route VII 630 340 - - -
Paving Cnl. Oviedo-San
Estanislao road 542 1,045 504 _ _
Acabay- La Lolineve Road 258 804 700 - -
Route VI - 1,260 2,646 1,890 282
Asunci6n-San Lorenzo
Highway - 308 959 491 -
Unidentified and other 270 611 1,638 8,518 13,045
Cont.... Table 11: PARAGUAY - PUBLIC INVESTMENT, 1979-83
workers to meet the increasing demand. Lack of trained teachers and supplies
has restricted the implementation of the curriculum reform initiated in the
early seventies. Only about 26% of students entering primary school complete
the course (up from 20% in the late sixties). The corresponding figure for
secondary students is 40%. The rural population in particular has access only
to incomplete primary schools programs where repetition and drop out rates are
high. Resources for rural education have been limited as both private and
public financial contributions have been lower than for urban schools. Given
the need for a better trained labor force, technically oriented secondary
education should be expanded and also training for adults. While the needs
are great, expansion of Government programs is constrained by the limited
absorptive capacity of the sector.
83. The health sector faces a similar situation: large deficits and
scarce resources. The small expansion is accounted for mainly by CORPOSANA's
investments for expansion of water and sewerage systems. Two potentially
important projects because of their immediate impact and as models to expand
in the future, are a rural public health services project, and a rural water
supply project in execution, both with external assistance. The later includes
the strengthening of SENASA which may lay a basis for future expansion.
84. Judging from the behavior of the tax system during 1977-78 it should
be possible for the public sector to provide sufficient counterpart funds and
at the same time to expand current expenditures both to meet recurrent costs
of investments and to help ease present administrative and technical con-
straints. The demand for increased public sector services is expected to
lead to higher current expenditures and thereby limit the ability of the
public sector to raise internal savings (see Table 12). Because of expected
high demand by the private sector for capital it is recommended that the
Government continue not to borrow from domestic sources. Apart from greater
resource mobilization through taxes this will probably imply increased recourse
to external borrowing, but such levels of borrowing would not adversely affect
Paraguay's creditworthiness. The main constraint to fulfillment of the public
sector investment program is largely administrative rather than financial.
As % of GDP
1979 1980 1981 1982 1983 1979 1983
88. Achievementof high growth rates and expansion of exports are inter-
twined. Export expansion is necessary to earn the foreign exchange required
for rapid growth as well as to provide a market for the expanded output. Ex-
panded output is a prerequisitefor maintainingan export surplus in the face
of high aggregate demand. The necessity of maintainingrapid growth of output
is particularlyimportantfor some industrialproducts.The continuedexpansion
of agriculturaloutput stimulatedby the Government'sagriculturalpolicies
and programs should enable Paraguay to maintain an exportablesurplus particu-
larly of cotton, soybeans,tobacco and other agriculturalproducts,which face
no externalmarket constraintsfor a small exporter such as Paraguay.
89. In the case of wood exports which have been recoveringfrom the
bottom reached in 1976 a gradual growth can be expected over the next five
years as a result of the reopenningof the traditionalArgentine market and
the penetrationof new markets in Europe and North America with higher value
added products such as laminatedwood. Beef exports are also recovering-
particularlywith the growing importanceof the Brazilian market. Favorable
developmentsin the EEC would improve the prospects for beef exports beyond
- 37 -
what has been projected here. The situation is also favorable for establish-
ing agro-industries and exporting higher value added processed products.
90. The overall growth of real exports of about 13% per annum should
be lead by soybeans and cotton, which are projected to continue to grow rapidly
though at rates lower than those achieved in the years 1973-78 when the base
was much smaller. Thus as against growth rates of 48% and 62% for soybeans
and cotton during the period 1973-77, average growth rates of about 13% and
17% respectively are projected. They are expected to account for over 40%
of commodity exports as against about 35% in 1977-78. The share of beef and
wood exports in merchandise export earnings is expected to remain constant
at the 1977 level about 5% each.
91. The rapid growth of exports and the higher levels of private and
public investment required to maintain a 10% growth rate would imply greatly
expanded import requirements, particularly of capital and intermediate goods.
Import requirements of intermediate goods are projected to grow at about 12%
per year while those for capital goods are projected to grow at about 8% a
year. Imports of capital goods grow less fast than GDP because they are
related to investment and the share of investment in GDP is projected to dec-
line during 1979-83 (see para 74). The volume of petroleum imports is pro-
jected to grow at about 10% a year, while food imports are expected to continue
to grow slowly because of projected rapid agricultural growth.
1/ The ratio of resource gap to GDP was 5% in 1977 if only registered trade
data are used. Unrecorded exports and imports are included in the pro-
jections in Table 13. They were projected on the basis that the share of
unrecorded to recorded trade would remain the same as the 1975-77 average.
Table 13: PROJECTED EXTERNAL CAPITAL REQUIREMENTS AND FINANCING 1/
(in million of current US$)
Exports of goods and NFS - 462.4 582.2 711.4 865.1 1,005.2 1,191.0
Imports of goods and NFS - 745.2 895.2 1,058.2 1,211.1 1,371.8 1,553.0
Resource balance -282.8 -313.0 -346.8 -346.0 -366.6 -362.0
Private long term capital (net) 86.2 99.2 114.1 131.2 144.3 158.7
Capital inflows for Itaipu and Yacyreta 240.0 180.0 200.0 160.0 119.0 85.0
Public M< loans (net) 80.8 82.4 112.7 142.1 199.6 230.5
Gross-disbursements (133.3) (125.7) 150.2 183.3 265.8 (296.9)
Amortization -(52.5) -(43.3) -(37.5) -(41.2) (66.2) -(66.4)
Multilateral and Bilateral 90.0 127.0 123.0 140.0 168.0 188.0 746.0
Suppliers and Financial Credits 25.0 25.0 58.5 75.2 143.1 147.2 449.0
Multilateral and Bilateral 51.8 37.6 28.7 21.4 13.3 5.7 106.7
Suppliers and Financial 24.9 /1 10.8 7.2 1.0 - - 19.0
Credits
Short Term Capital Flows and Errors and Omissions 30.1 - 7.8 - 22.4 -42.8
Short Term Capital Flows and Errors and Omissions 47.7 7.6 18.0 25.5
Source: Central Bank, IMF, "Direction of Trade Statistics," IMF and Bank Staff Estimates.
(c) Includes adjustment for Itaipu
Short Term Capital Flows and Errors and Omissions 48.5 10.8 22.8 31.6
Source: Those in Table (b) and in addition, Annual Reports of the Itaipu Binational Authority.
- 45 -
PARAGUAY
STATISTICAL APPENDIX
Table No.
Table No.
Table No.
VII. AGRICULTURE
VIII. MANUFACTURINGINDUSTRY
Crude birthrate (per thousand population) 45.5 43.8 42.2 41.4 39.8 39!1 38.0 36.2
Crude deathrate (per thousand population) 15.8 13.5 11.7 '"9.9 8.9 8.1 7.3 6.7
Rate of Nattral increase (per thousand
population) 29.7 30.3 30.5 31.5 30.9 31.0 30.6 29.5
Migration rate /1 (per thousand population) -3.4 -5.1 -4.9 -5.1 -3.0 -1.9 -1.7 -1.7
Total population growthrate (percent) 2,.6 2.5 2.6 2.6 2.8 2.9 2.9 2.8
Life expectancy (in years) 51.5 54.4 57.0 60.1 61.9 63.6 65.2 66.7
Population Structure
Population between 0-14 years (in %) 43.3 45.0 46.2 46.2 45.6 44.7 44.0 43.1
15-64 (in %) 53.0 51.5 50.5 50.5 51.1 51.9 52.6 53.3
65 + (in %) 37 3.5 3.3 3.3 3.3 3.4 3.4 3.6 >
Dependency index /P (0-14)+P(65+)/100 88.5 94.2 98.1 98.1 95.6 92.8 90.2 87.6 0
P(15-64)
/1 Migration estimates from other sources differ considerably. Recent reports from ILO and OAS show migra-
tion rates twice as high.
(in thousands)
Rate of
Males Females Total Growth
Olimpo (Alto
Paraguay) 45,982 3,900 15,080 14.5 0.3
Nueva
Asuncion 44,9fil - 153 - *
Total
Paraguay 406,752 1,819,100 2,357,955 2.6 6.7
2~~~~
* Less than 0.1 per km2
Source: Census, 1962 and 1972.
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Agriculture 90 517 24,024 27.799 33.395 47.292 59.305 70.284 73.961 89.925
Agriculture 11,761 13,326 15,388 17,020 25,842 32,865 37,727 45,043 59,308
Livestock 6,445 7,283 8,832 12,380 16,443 19,576 23,841 21,313 21,777
Forestry 2,239 3,331 3,519 3,926 4,912 6,740 8,546 7,397 8,590
Hunting and fishing 72 84 60 69 95 124 170 208 250
Other Services 22,476 32,451 35,331 39,973 48,220 64,520 72,529 83882 102,597
Commerce and finance 12,744 18,291 20,203 22,272 28,890 39,853 43,594 51,502 66,026
General government 2,148 3,943 4,174 4,597 4,786 5,285 6,493 7,623 10,283
Housing 1,878 2,281 2,339 2,599 2,839 4,118 5,018 5,570 6,077
Other 5,706 7,936 8,615 10,505 11,705 15,264 17,424 19,187 20,211
Gross domestic product at m.p. 55,892 74,921 83,736 96,899 125,437 168,018 190,439 214,069 263,612
Agriculture 29,106 31,711 32,152 33,395 36,295 39,645 41,186 43,229 47,296
Agriculture 14,148 15,666 16,088 17,020 18,988 21,117 21,604 22,885 25,860
Livestock 11,347 12,274 12,209 12,380 13,098 13,884 14,440 15,184 15,792
Forestry 3,524 3,675 3,790 3,926 4,125 4,552 5,023 5,020 5,484
Hunting and fishing 87 96 65 69 84 92 119 140 160
Industry 12,164 16,133 17,334 18,438 20,013 21,964 22,369 24,190 29,301
Mining 120 84 190 212 200 229 290 410 509
Industry 10,568 13,887 14,670 15,693 16,863 18,365 17,998 18,980 22,472
Construction 1,476 2,162 2,474 2,533 2,950 3,370 4,081 4,800 6,320
Other Services 27,213 36,160 38,061 42,416 45,143 47,888 52,085 57,214
Commerce and finance 15,541 20,323 21,584 22,272 24,143 26,274 27,443 30,223 33,829
General government 2,620 4,517 4,556 4,597 4,243 4,100 4,785 5,106 5,412
Housing 2,093 2,433 2,514 2,599 2,753 2,900 3,108 3,360 3,639
Other 6,959 8,887 9,407 10,505 11,277 11,869 12,552 13,396 14,334
Gross domestic product at market prices 71,849 88_,21 92,159 96,899 104,499 1 127.772 _142,858
ARy1cs a 1.7 1.4 3.9 8.7 9.2 3.9 5,0 9.4 36.7 32.1 36.9 34.t
A r in I Lne 1.4 2.7 5,8 11.6 11.2 2.3 S99 13,0 21.1 17.8 19.8 22.5
L: te .,t-. P. 1.7 - 0.5 1.4 5.8 6.0 4.0 5.2 4.0 11.5 9.7 12.5 8.3
Forestry 0.9 3.1 3.6 5.1 10.3 10.4 -0.1 9.2 4.0 4.5 4.5 3,2
Hurting sod fishilog 2.0 - 32.4 5.3 23.0 10.0 27.9 17.6 14.2 0.1 0.1 0.1 0.1
lonissstty
5.6 7.4 6.4 8.5 9.7 1.8 8.1 21.1 13.1 19.6 19.6 21.3
Minning - 6.9 126.9 11.1 5.7 14.9 26.5 41.4 24.1 0.2 O.l 0.2 0.3
Tndusti 5.6 5.6 7.0 7.4 8.9 _ 2.0 5.4 18.4 15.5 16.7 15.6 17.0 1
const7rlnt Ic 7,9 14.4 2.4 16.4 14.2 21.1 17.6 31.7 2.4 2.8 3.8 4.0 u'
in/rn I nqtznre 5.0 7.6 10.4 13.4 10.8 15.6 11.S 9.4 5.0 5.0 5.4 5.7
r loetricity 17.0 Zl.l. 18.0 Z5.6 1.9 72.0 26.0 11f. 0.6 0.9 1.2 1.5
Water and Oanitation 10.9 27.0 24.6 5.9 5.0 14.8 9,8 12.6 O.t 0.2 0.2 0.3
Transport and conunications 2.9 3.7 7.7 10.4 14.0 13.4 7.5 8,4 4.3 3.9 4.0 3.9
Otlbr ervices 5,9 5.3 5.0 6.1 6.4 6.1 8.8 9.9 40.2 43.3 38.2 38.9
7.CoseeTcC nod dirronce 5.5 6.2 3,2 6,4 8.8 4.4 10.t 11.9 22.8 24.4 22.9 25.1
General governmeot 11,5 0.9 0.9 - 7.7 - 3.4 16.7 6.7 6.0 3.8 5.3 3.4 3.9
Housing 3.0 3.3 3.4 5.9 5.3 7.2 8.1 8.3 3.4 3.0 2.6 2.3
CIt ben 5.0 5.9 11.7 7.4 5.2 5.7 6.7 7.0 10.2 10.6 9.2 7.6
Gross domestic product att market prices 4.2 4.4 5.1 7.S 8.7 9.3 7.5 11.8 100.0 100.0 100.0 100.0
1. GDP at mrket prices 74.921 83,736 96,899 125,437 168,018 190,439 214,069 263,612
Plus FSY - 1,242 - 1,255 - 1,413 - 1,264 - 1,594 - 1,675 - 1,901 - 1,974
(a) GNP 73,679 82,481 95,486 124,173 166,424 188,764 212,168 261,638
3. Available resources (1 + 2) 75,823 85,886 96,969 124,567 170,791 199,285 224,769 277,022
5. Gross domestic investment 11,034 12,195 14,590 23,862 35,271 45,893 52,716 65,072 m
(a) Fixed capital formation 10,883 11,800 13,270 20,411 30,897 39,543 48,746 62,922
1. General government (1,306) (1,323) (1,826) (1,851) (2,313) (4,437) (7,252) (6,856)
2. State enterprises (1,474) (1,868) (2,506) (2,875) (3,887) (5,808) (6,399) (7,470)
3. Private (8,103) (8,609) (8,938) (15,685) (24,697) (29,298) (35,095) (48,596)
(b) Changes in inventories 151 395 1,320 3,451 4,374 6,350 3,970 2,150
6. Gross domestic savings (5 - 2) 10 132 10 045 14,520 24 732 32,498 37,047 42,016 51,662
(a) Private 9,67 0 12675 26,691 29,445 31,680 38,460
(b) Public 2,495 2,242 1,845 3,496 5,807 7,602 10,336 13,202
Plus FSY - 1,242 - 1,255 - 1,413 - 1,264 _ 1,594 - 1,675 - 1,901 - 1,974
Plus NTR 654 965 817 717 487 1,762 532 153
7. Gross national savings 1 9,544 9,755 13,924 24,185 31,391 37,134 40,647 49,841
(a) Private 7,049 7,513 12,079 20,689 25,584 29,532 30,311 36,639
(b) Public 2,495 2,242 1,845 3,496 5,807 7,602 10,336 13,202
/1 It has been assumed that FSY and NTR are private sector savings. The National Accounts usually assumes that NTR are implied
in the trade figures.
1. GDP at market prices 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Factor service income - 1.7 - 1.5 - 1.5 - 1.0 - 1.0 - 0.9 0.9 - 0.8
(a) GNP 98.3 98.5 98.5 99.0 99.0 99.1 99.1 99.2
2. Resource gap 1.2 2.6 0.1 - 0.7 1.7 4.7 5.0 5.1
(a) Imports, goods and nfs 16.1 16.0 13.9 14.3 17.2 17.9 17.4 20.1
(b) Exports, goods and nfs 14.9 13.4 13.8 15.0 15.5 13.2 12.4 15.0
3. Available resources 101.2 102.6 100.1 99.3 101.7 104.7 105.0 105.1
6. Gross domesticsavings 13.5 12.0 15.0 19.7 19.3 19.4 19.6 19.6
(a) Private 12.9 9.3 13.1 16.9 15.9 15.4 14.8 14.6
(b) Public 3.3 2.7 1.9 2.8 3.4 4.0 4.8 5.0
Plus FSY - 1.7 - 1.5 - 1.5 - 1.0 - 1.0 - 0.9 - 0.9 -0.8
Plus NTR 0.9 1.2 0.8 0.6 0.3 1.0 0.3 0.1
7. Gross national savings 12.7 11.7 14.3 19.3 18.6 19.5 19.0 18.9
Gross domestic vroduct 88,291 92,160 96,899 104,499 113,151 118,840 127.772 142,858
Terms of trade adjustment 14 428 - 3,637 4,087 3,247 6,834 10,949
Gross domestic income 88,305 92,588 96,899 108,136 117,238 122,087 134,606 153,807
Imports, goods and nfs 13,375 14,850 13,410 16,620 19,750 22,325 29,005 36,210
Exports, goods and nfs 12,363 12,030 13,340 13,791 13,760 13,270 13,850 16,100
Exports (capacity to import) 12,377 12,458 13,340 17,428 17,847 16,517 20,684 27,049
Resource gap 998 2,392 70 -808 1,903 5,808 8 321 9,161
Available resources 89,303 94,980 96,969 107,328 119,141 127,895 142,927 162,968
Gross domestic savings 11,581 11,135 14,520 22,051 21,523 22,957 27.522 34,835
Factor service income /1 -1,375 -1,396 -1,413 -1,174 -1,092 -1,100 -1,478 -1,348
Net transfers/l 724 1,073 817 666 334 1,157 414 105
Gross national product 86,916 90,764 95,486 103,325 112,059 117,740 126,294 141,510
GDP at market prices 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 6.1 8.1 11.8
Terms of trade adjustment - 0.5 - 3.5 3.6 2.7 5.4 7.7
Gross domestic income 100.0 100.5 100.0 103.5 103.6 102.7 105.4 107.7 6.7 9.7 14.3
Resource gap 1.1 2.6 0.1 -0.8 1.7 4.9 6.5 6.4 . .
Imports, goods and nfs 15.2 16.1 13.9 15.9 17.5 18.8 22.7 25.3 10.8 22.0 24.8
Exports, goods and nfs 14.0 13.1 13.8 13.2 12.2 11.2 10.8 11.3 1.4 3.8 16.3
Exports (capacity to import) 14.0 13.5 13.8 16.7 15.8 13.9 16.2 18.9 5.9 15.2 30.8
Available resources 101.1 103.1 100.1 102.7 105.3 107.6 111.9 114.1 7.5 10.9 14.0
ConsumPtion 86.9 88.4 85.0 82.4 84.6 83.4 83.8 83.3 5.3 7.6 11.1
Private 78.1 80.0 77.0 75.5 78.2 76.0 76.8 76.8 5.5 8.0 11.8
Public 8.8 8.4 8.0 6.9 6.4 7.4 7.0 6.5 2.7 3.7 3.7
Investment 14.2 14.7 15.1 20.3 20.7 24.2 28.0 30.8 18.0 24.0 22.8
Fixed capital formation 13.2 13.6 13.7 17.5 18.0 20.5 24.8 28.5 16.2 25.0 28.2
Private (9.8) (9.9) (9.2) (13.5) (14.4) (15.2) (17.9) (22.0) (15.7) (29.0) (37.6)
Public (3.4) (3,7) (4.5) (4.0) (3.6) (5.3) (6.9) (6.5) (16.1) (16.4) (4.3)
Changes in inventories 1.0 1.1 1.4 2.8 2.7 3.7 3.2 2.3 38.0 20.0 -19.6
Gross domestic savings 13.1 12.1 15.0 21.1 19.0 19.3 21.5 24.4 14.7 19.1 26.6
Factor service income -1.6 -1.5 -1.5 -1.1 -1.0 -0.9 -1.2 -0.9 .
Net transfers 0.8 1.2 0.8 0.6 0.3 1.0 0.3 0.1 .
Gross national savings 12.4 11.7 14.3 20.6 18.4 19.4 20.7 23.5 16.1 19.2 27.0
Gross national product 98.4 98.5 98.5 98.9 99.0 99.1 98.8 99.1 6.3 8.2 12.1
1962 1965 1970 1971 1972 1973 1974 197S 1976 1977
Wages and salaries 15,983.0 19,977.4 25,770.0 30,420.0 35,370.2 41,320.0 58,590,0 65,260.0 76,670.0 91,600.0
Undistributed profits 65.3 216.7 250.7 230.0 520.0 680.0 1,660.0 2,700.0 2,900.0 4,030.0 o
Direct taxes . 337.8 483.3 800.8 861.8 925.8 1,009.0 1,093.9 1,471.0 1,876.0 2,441.0
Income of public enterprises 313.8 502.7 955.9 937.1 973.1 1,029.0 1,233.4 1,428.5 1,809.0 2,946.0
Interest on domestic public debt 148.3 - 246.5 - 101.6 86.4 - 218.1 - 123.0 - 82.1 - 115.4 - 110.0 - 54.0
National income 39,845.7 48.702.5 63.657.5 72,030.7 83,851.4 110,419.0 151,529.5 171,223.5 187.748.0 224.151.0
NDP at factor cost 40,107.3 49,312.3 65,473.5 73,660.7 85,801.4 1129539.0 153,556 9 172,7599S 191,218.0 228,721.0
Net factor Service income - 261.6 - 609.8 - 1,816.0 - 1,630.0 - 1,950.0 - 2,120.0 - 2.027 0 - 1.936 0 - 3,470.0 - 4,570.0
NNP at factor cost 39.845.7 48.702.5 63,657.5 72,030.7 83,851.4 110.419 0 151529 5 171,223.5 187.748.0 224,151.0
/I Residual.
/2 Income tax and fiscal supervision of private enterprises with limited liabilities.
(millionsof US$)
Merchandiseexports, FOB 65.3 66.4 85.5 127.0 173.0 176.4 182.3 279.4
Merchandise imports, FOB 76.6 83.0 73.7 122.3 198.3 227.3 236.3 360.1
Trade balance -11.3 -16.6 6.8 4.7 -25.3 -50.9 -54.0 -80.7
Non-factorservice receipts 24.1 22.6 20.0 23.4 32.9 33.6 29.7 53.1
Freight and insurance 2.6 1.6 1.3 1.4 1.6 2.3 1.8 2.4
Travel 14.2 14.7 11.1 12.8 12.1 10.3 14.0 35.4
Otlherservices 7.3 6.3 7.6 9.2 19.2 21.0 13.9 15.3
Non-factor service payments 24.5 26.1 27.4 33.8 53,0 73.0 70.0 91.4
Freight and insurance 9.0 10.6 10.4 15.1 26.6 31.8 31.0 44.0
Travel 5.1 5.9 7.8 10.0 10.1 11.8 12.8 16.5
Other 10.4 9.6 9.2 8.7 16.3 29.4 26.2 30.9
8oods and non-factor service balance -11.7 -20.1 -0.6 -5.7 -45.4 -90.3 -94.3 -119.0
Net factor payments -9.9 -10,0 -11.2 -10.0 -12.7 -13.3 -15.1 -15.6
o.w. Interest (-7.4) (-7.6) (-8.8) '-8.2) (-10.8) (-11.9) (-14.0) (-14.0)
Net unreguitted transfers 5.2 7.7 6.5 5.7 3.9 14.0 4.2 1.2
Private 2.0 3.9 2.4 2.0 0.4 9.3 0.3 -0.6
Public 3.2 3.8 4.1 3.7 3.5 4.7 3.9 1.8
Current account balance -16.4 -22.4 -5.3 -10.0 -54.2 -89.6 -105.2 -133.4
Direct investment 3.8 8.0 2.9 9.2 20.7 14.2 11.4 17.0
Private long-term loans (net), 7.6 8.4 10.0 10.7 18.0 38.7 32.5 35.0
Disbursement 7.6 9.1 10.4 11.8 24.7 49.6 96.1 100.0
Amortization - 0.7 0.4 1.1 6.7 10.9 63.6 65.0
Public long-term loans (net) 7.4 9.5 7.5 9.7 14.2 27.9 47.0 90.5
Disbursement 14.5 17.8 16.3 19.2.8 24.7 418 58.7 106.6
Central government /1 (4.9) (8.7) (5.4) (9.5) (5.5) (23.1) (44.2) (34.6)
Municipalities (-) (-) (-) (0.2) (0.3) (0.5) (1.0) (0.4)
Official banks (7.9) (3.8) (7.6) (3.3) (12.0) (12.3) (7.6) (6.5)
Public corporations (i.7) (5.3) (3.3) (6.8) (6.9) (5.9) (5.9) (65.1)
Amortization 7.1 8.3 3.8 10.1 10.5 13.9 11.7 15.1
Central _overnment (3.4) (3.4) (3.4) (3.5) (4.3) (4.8) (4.1) (7.2)
Municipalities (0.2) (0.2) (0.2) (-) (-) (-) (-) (-)
Official banks (2.4) (1.9) (2.8) (3.8) (4.1) (5.6) (4.2) (4.3)
Public coc?o-ations (1.1) (2.8) (2.4) (2.8) (2.1) (3.5) (3.4) (4.6)
Holdings of Guaranies -0.5 0.7 1.4 -1.1 0.9 -2.7 -3.9 1.7
Errors and omissions 4.1 -3.3 -8.3 4.1 29.2 -5.1 -18.5 -51.5
Change in net reserves (-increase) -8.5 -2.9 -10.4 -22.6 -30.3 -29.0 -40.0 -108.3
Central bank -5.0 -0.9 -8.2 -21.2 -30.3 -28.7 -38.5 -107.4
Assets (-4.3) (-0.8) (-8.1) (-24.3) (-29.9) (-28.5) (-41.3) (-108.9)
Liabilities (-0.7) (-0.1) (-0.1) (3.1) (-0.4) (-0.2) (2.8) (1.5)
Rest of banking system -3.5 -2.0 -2.2 -1.4 - -0.3 -0.5 -0.9
1967 1968 1969 1970 1971 1972 1973 1974 1975 197b 197
1. Woo Wodooto 7O30 7 982 11653 12.333 10.288a IJ L,783f_ 24,696 go67 12.135 J9J,4j
vl. 7-630 7,882 11.,55 123533 9 . 24,696 12,135 19,912
Vol- 201.273 181,290 197,435 1121936 149.594 103,325 114.625 151,723 116,146 75.452 113.327
1. L..11 -
186,099 5,435 6.248 6,479 4,337 796
VolU0,267 148.3 137,371 130.236 88,410 14,630
M3$lgQ 33.81 36.51 45.48 49.75 49.06 53.67
5. Mmnfoctnred
1,060 1.181 1,486 1.997 3,483 5,688 3.005 4,111
3 .1.. 103 291 851
Volo 435 1,323 3,717 4,243 4,366 4,666 7.374 9,940 9,736 8,144 12,358
s5/ton 236.78 219.95 228.95 249.82 270.50 318.47 270.82 389.60 584.Z2 368.98 132.06
11. *iv-tto-k urodoto -i1.01) Z0.012 16.267 13.970 17,990 23.003 34.349 45,720 40.485 34,688 24,563 28.130
1. BS.f
SoloS L7.146 13,568 11,372 15.333 20,890 30,003 40,880 35,172 32,149 21.20. 22.171
alum. 27.693 18,879 10,348 25,786 27,851 38,920 42,274 21,293 22,019 13.86 9.0d97
01 2ann.d mVtz
ouo 1 74 10 900 8,907 9t
a,930 10,964 l2,193 153623 17,518 23,743 13. d5 15
9 0
15.113 13,883 12,550 11.031 10,621 12,395 9,312 105,277 6.o93 .o38
Solv_. 21,947
lotuS 13.454 10,827 8.202 7,020 9,324 10.750 14,179 16,479 23,149 13.121 14.;73
31lg_ 21,921 13.012 13,055 11,146 9,651 9.399 11,221 7,952 14,665 6.273 9.249
CSS/Coe 613.75 721.22 628.27 705.02 966.12 1,143.74 1.263,61 2,098.70 1,578.52 1.3L6.00 1,175.63
ii) lobod b..f
972 594 b12 t27
"I,
5
U /tot
Solon.
-
-
73
60~
722.77
~ ~~~~
520
584
890.41
~~~~~~
745
1,01
735.44
1.308
~~1
1,104
1,182.4
1,204
960
1,254.17
1,147
06
1,298.98
03
1,611.94
412
L4,1.35
376
1,419.05
389
1.611.83
ii) Ctb-r
;oig
-t-od
_6
L ~~ ~ ~ ~ ~ 3
bSof
-185
244
355722
i74
431
239
262
297
291
07
37
5
42
-
-
L-,3S:on '69,23 - 758.20 923.67 946. 72 912.21 1,020.62 1,175.44 - 1.23d.10 -
b) FrottoOtt
Volt. 77 12 784 4,691 7,523 15.537 21,390 11.278 5,707 2.052 3.790
166 22 1,795 9,364 12,128 19,242 20.317 7.243 4,291 1.602 2.*97
Volumo
1ss/ton 463.96 345.45 436.77 490.49 605.33 807.45 1.052.81 1,556.66 1,395.01 1,2S0.90 L.i55.02
251stot
Aolo
2,945
~~~~
4,376.92
506 ~~~6301,153
~~~~ 1,241
2,226
4.399.16
4,399.21
286
4,302.24
28843
4,387.24
276
4.362,32
500
5,552.00
421
11.836.10
131
12,238.41
409
11,396.09
4211
4.30,48
d) Boot b-pro-duos.
210. 750 430 40 539 547 1,066 1.091 1,9 51 1.117 1,144
4.930 5,236 2,43S 3.404 5,953 8,781 9,060 5.115 2,700 3.162 436
lolomo
152.13 132.80 184.72 144.22 138.38 121.74 120.39 272,34 215.09 351.04 709.13
265/tot
0
2. or.o moot
Soloo 992 1.401 1,139 840 381 431 763 456 200 Z63 98
Solom 3,649 5,022 3,776 2.394 1.230 1,355 1.027 672 264 439 164
VW5/too 271.86 240.64 301.64 323.82 309.76 322.51 417.62 678.57 757.58 199.09 197.51
211-. Aortcult-sal td-ooto /v30109 19.567 Q..!Q 23,994 3222 30,271 40,321 67 193 98,347 106.060 138,925 225935
- ______
7 6.ot- 11,440 22,017 14.692 13.a58
Solo. 3,370 ..323 5,623 5,765 4.766 6,6d2 7,457
VDIV. |11,562 17,30 19,630 19,344 16,069 21.451 17,524 24,0 2424,959 27,456 22.349
USIS/to 291.47 301.39 286.26 298.03 296.60 311.50 461.53 475.38 401.47 535.11 611.15
2. Cottot
slolo 2,292 1,395 3,206 4,049 834 3,813 11 o22 16,500 20,107 34,610 30,487
Vo,om. 6,271 4,450 61539 11,216 2,007 7,593 18,606 17,465 26,323 32,639 38.i3
U98no 365,49 313.48 374,38 390.91 288.88 393.44 624.64 944.75 '58.24 1,260.42 1,368.52
3. S.rbo. ond oth6r-l.o.
Solo. 523 1.110 913 1,475 1,844 4,983 12,155 22,372 18,092 34,141 58.828
voL 6,748 13 11,66 17.09827 22,237 54,130 59,256 121,244 111,793 219,691 233649
_15/tom 77.50 9.73 79,25 83 92.06 302.83 168 120.79 155.40 231.91
-S65
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
4. Vegetable.
V.lu. 98 263 173 257 1,053 375 461 2,030 4,432 1.251 1,469
VOlu3 1,093 Z,11 1,501 2,910 6,382 3,900 3,750 9,910 35,790 4,806 3,334
0S$/9/o 80.51 93.56 115.26 91.46 363.0 96.15 12.93 206.93 13 0.1 20 30 415.06
5. Fretb -it.3s
Value 187 127 106 72 322 203 109 616 304 431 344
VOlume 4,264 2.357 1,660 1.081 3,253 3,576 1,723 4.436 2,074 1.8,4 1,776
US1/ton 43.86 53.88 63.96 66.24 90.63 57.90 63.26 138.86 279.75 224.63 238.42
6. Canned frgit
Value 207 440 240 583 678 584 1,026 1,141 1,483 *93 1,054
Volume 339 1,141 674 1,863 2,412 2.219 3,792 2,739 1,943 1,743 1,626
U11/eon 3S4.04 385.63 356.08 312.94 261.39 263.30 270.57 417.18 604.67 760.31 64. 22
7. Cofefee
Value 1,456 1,895 954 961 1,314 3.117 2,061 3,686 6.718 '.SIO 10.092
volume 2,395 2,576 1,717 1,269 1,473 4,130 2.943 4,235 3,935 3,539 1.864
/o 611.32 639.44 625.67 694.25
694.23 6883
699.39 1
751.09 3
735.98 0
790.31 1,4
1,406.387 399.
8. Vegetable oils
Vulue 43570 4 320 4,574 6,992 9,106 5,699 6,611 13,353 17.612 17,321 29.397
Volu2 37,20675 31,60 19,946 22,269 32,139 38,943 21,939 29,497 33,429 30.r 28, 9O0
18:47vn31
s~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~12i9 :41
'else 2,930 2,235 2,421 327 3,745 3,93 1,939 6,495 4,683 l7,173 21,935
EoVIne 14,396 12,940 11,303 12,366 10,33 31,511 6,053 14,041 117057 lb .127 13534l
/ton 373203.67 172.72 220703 350.28 213.60 146.34 291.21 462.57 .23.53 -33.4 1,387.75
lnlue 14 146 25 143 349 133 163 353 1.442 2.012 1,392
'IVolme7 61 533 173 303 1,311 347 199 427 2,239 93,51 2.113
709/Ion 229.31 271,38 243.72 294.29 266.21 3702.59 62.43 940.u9 044.33 127.35 624.49
8. Pelle ond .epelln2e
Salon 3553 979 1,371 2,934 3,036 3,353 11,276 1,964 5,147 3.03S 1.277
Volu9m3 12,893 37,455 32,745 59,673 53,020 67,442 61,327 77,432 71,709 36.913 b6,96
'SI/,oo "2.50 32.L7 39.73 47.49 77.07 55.47 138.31 84.55 71.76 02.37 770.7
lO. PetIt Irate at
V,lue 1,337 1,526 1,392 1,797 1,932 7,029 5,97d 3,342 2,332 3.592 '.910
334 391 396 449 424 357 495 267 '7S 497 317
.SS/c:: 4,302.99 4,045.25 4,020.20 4,011.16 4,536.60 5,?94.29 11,974.75 20,756.55 9,S2.,73 7,227.36 7,3SO32
11. PeopeemunO uol
Value 20 17 56 91 208 744 1,471 2,324 7,353 7.420 3.o69
'Vo:lume3 3 ' 13 22 39 ;60 2992 21 322 008 036
1Sl'oo 6,666.67 ,250.00 4,307.69 4,136.3t 5,333.33 4,C50.00 3,737,67 11,014.22 13,311.49 5.171.91 17,133.70
12. 3ther- o9Ils Cae3ttnl
'ul..e 126 133 101 158 175 133 313 375 177 197 792
0014cc 134 111 63 164 117 164 199 163 42 136 l'7
V10'eon :,311.34 1,108.20 1,016.97 763.41 14895.73 1,427.73 1,606.00 3,096.L6 4,214.Z9 2,30.02 3,387.,4
'3. '.e6renho ust-t
Value 1,965 2.334 1,914 1,961 2,214 2,399 2.435 377 2,343 1.e77 '.S24
Vo:lune3 16,913 17,426 16,119 14,495 15,241 16,734 16,354 5,719 12 665 15.110 14,997
255/Ion 9IL.06 117.7 119.74 133, 145.27 149.23 149.81 165.07 200.79 243.35 352.34
14. Canoed palelen
Velue 1,901 2,057 2,625 4,117 3.215 3.bll 2,079 2,488 3,121 1,417 l.o63
VoItnolre 389S0 4,621 5,64 9.333 6,195 6.55 3,607 3,370 2,464 1,235 1.121
051/ton 473.64 445.14 461.82 493.22 516.97 559.41 576.38 735.29 1,266.64 7,143.n6 1,493.17
15. o-rn
Vallue 193 99 1 635 419 23 216 415 572 1.103
' olune 9,430 3,329 19 23,201 15,439 862 3,241 44,367 5,83 12,770 _
OS/'ton 30.31 Z9.44 52.63 27.29 27.d7 26.68 06.65 90.61 98.37 100.42 -
16. 2tteo ceoenaL
Val1ue 2 3 1 41 152 26 41 467 63 294 102
Volu=e 10 90 33 1,858 2,134 192 362 2,7320 10 1,458 5,105
'176 Oo 65.47 37.50 33.33 22.07 71.23 135.42 72.95 171.69 423.30 271.63 l32.30
l7. u3,ae
Ialu_
110/eon
/uluna
37
.3
t66.67
72
401
179,55
26
332
75.31
32
1~~
211.92
~ ~~~~ ~~~~~~~~~~~~~~
146
962 ~~~~~~~~~51
151.77
2,142
2,43
168.79
1,349
'980
170.96
18,10
20,430
501.74
6,815
.3734
196.31
1.2163
175~
332.5 -9
6
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
V. Others 1.052 1,298 1.217 987 1.106 1,744 2.108 5.242 6.933 6.211 4.914
I Palms
Value 85 117 68 108 122 90 38 48 133 23 104
Volume 2,110 2,345 1,526 2,369 2,716 2,000 768 970 1,556 300 1,205
US$/ton 40.28 49.89 44 56 45.59 44,92 45.00 49.48 49.48 85.48 76.t- 86.31
2. Skies of wild animals
Value 536 742 814 516 213 226 259 793 1,063 382 923
Volume 146 178 130 114 83 96 117 156 35 71 69
US$/ton 3,671.23 4,168.54 6,261.54 4,526.32 2,566,27 2,333A33 2,213.68 3,984.92 6,814.10 5,380.20 13,376.89
3. Silkworm cacoons
Value - - - - 128 357 841 965 1,082 1,463 866
Volume - - - - 33 80 116 125 141 126 72 o
US$/ton - - - - 3,878.9 4,462.5(0 7,250.00 7,722.00 7,673.76 11,611.11 12,027.-9
4. Others
Value 431 439 335 363 703 1,073 970 3,436 4,655 4,343 3,021
Total fforo valoe 48.261 47.574 50,952 64.070 65.204 86.187 126.928 169,806 176,711 2 1478.891
4
Balance of payment aljustme-ts 2,139 2,426 4,248 1,230 8,796 22,613 28,()72 36,094 51,989 68.466 123,009
Total merchandise exports 50.400 SO.OOO 55,200 65.300 74.000 108.80(1 ISS.OO 205.900 228,700 250,300 401.900
Non-factor services 11,600 17,500 22,800 24,000 22,600 2(),00() 23,50(0 32,900 35,000 37.300 42,700
Total exports & nfE 62.000 67,500 78.000 89.300 96_600 128.800 178.500 238,800 263,70 287.600 444.600
1/ Starting 1973, export of legs is prohibited under Decree 24.489 of Feb. 18, 1972
2/ Estimate includes canned fruits.
3/ Estimate of total essential oils.
4/ Estimate of imported exports and undervaluated transactions.
1400000.10.020040.040 10
0 010000000
000 0000000000000000 0000 1 00~0
. 68,
1967 1968 1969 1970 1975 1972 1973 1974 1975 1976 19'7
8
1.W4 Products 11,582.o 110.3 13.411.4 13,377.8 i11030. 9.!05.0 11.606.4 15,148.4 12,320.d ,392.9 12.635. 2
1. Logs 9680.3 7,988.4 7,372.7 6,989.8 4,745.0 '96.0 -
2 Lumber 1,763.8 2,681.6 4,854.9 5,036.7 4,899.4 7,223.b 9,258.0 12,301.3 9,220.2 5,799.3 8,699.7
3. 'laefaoeors7d 138.5 421.3 1,187.8 2,371.3 7,390.4 1,486.7 2,348.4 2,947.1 3,100.6 2,593.6 7,875.7
9
1L.i-.etok roodues- 2.flLA 24.570.5 2278.6 27.654.d 28,515.8 34.,349.0 372.81.0 1,510.7 241575. 15U753.7 18620.
1. 3..f 2, 669.3 19,915.3 18,873.7 23,672.1 25,106.5 30,003.0 33,896.2 18,798.. 2'1,8.3 13,439.7 13,896 1
a) Cuensd mao 27,095.6 17,296.7 19,d68.3 14,366.1 12,677.2 12,197.0 14,206.5 9,788.9 17,289.6 9,974.6 11,266.4
I) Coreed boaf (25,071.9) (17,169.8) (14,931.3) (12.702,4) (113038.1) (10,750.0) (12,633.9) (8,980.6) (16,772.9) (9,462.2) (10,578.5)
il) cubed bout _ )126.7)
( (732.a) (1,2) (1, (1,3i7.1) (1,204.0) (1,107.4) (758.7) (516.7) (474.1) (487.9)
ii) 00t9r canoed best (23.7) ( - ) (222.6) (393.21 (249.9) (239.0) (265.5) (52.0) - (38.3) )
b) yroaes mo U4134.0 (7.6 1,449.4 7,722.5 10,035.0 15,537.0 16,405.0 5,650.0 3,353.3 1,297.) 7,256.4
o3 .aas retract 2,83953 2,207.3 .247.,6 1,169.1 1,915.1 1,204.0 2,181.2 1,856.7 958.7 (9784.2 1,038.
d) teed by-prodoots 600.2 394.2 290.0 414.4 481.2 1,069.0 1,107.2 627.7 328.7 387.4 '34.6
2. Ores. seat 1,176.8 1,877.7 1,217.98 36.6 396.7 437.0 589.2 216.7 65.1 141.6 52.9
3. 91d . aud skin. 2,735.1 2,660.7 2,442.2 29.76.3 2,868,1 3,663.0 3.223.7 2,061.9 2,661.0 (.6dl.6 1,375.4
.. Other ost products 280.6 116.3 213.: 169.0 144.5 146.0 177.9 314.1 249.5 290.6 295.7
2
771. dorico lir products
-l 1Z,196.2 ZLZ7L.L7 28,207.6 352.L86.& 30,915,0 40.321.0 45.027.Z 52.6Z2. 58.314.5 72,010.0 !2Ž9558
1. Soecco 3,601.6 ,t64.7 161,1.0 6,325.7 5,305 6,682.7 5,458.7 7,493.1 7,774.7 3,5;Z.) j,961.4
2. Cotton) 3,150.8 2,235.9 4,00.4 5,635.4 ,450.5 3,615.0 9,348.4 8,775.1 72924.6 16.398,6 29150.3
3. So-bes. and other s.eds 021.2 1,250.3 1,574.1 1.574.0 2,347.1 4,983.0 05,16.6 11,161.7 10 291.1 20 221,0 23.502.8
4.etablss 105.1 270,3 144.3 270.2 613.6 375.0 360.6 943.2 3,441.2 462,1 339.d
5. Fresh fruits 246.9 136.3 96,1 62.7 205.7 203.0 99.8 256.9 166.4) 100.) q7.2
6. Canned fruit 141,9 300.4 177.5 490,q 645.1 584.0 998.4 720.1 460.3) 074.9 418.
CofOrs 1,791.3 2,161.6 1,139.4 953.1 1,106.3 3,117.3 2,135.3 3,0323. 4,457.7 .673.1 1403.8
3. oils
iegstuile 4,197,9 4,6542 4.565.6 5,546.2 7,400,8 5,695.0 6,212.8 6,664.7 4,617.2 6,924.0 6,398.1
a) Tn a (2,105.21 (1.899.61 (1,610.2) (1,473.5) (2,565.6) (5,090.3) 1975.89) '2,754.9; .1 419.17 036420.39 10710.2I
9
b) Cocos 72,274.2) (2,690.7) (2,944.2) (3,493.4) (4,258,71 (2,366.0) (3.600.7) 74,176.9) (0,345.31 7,331.1l 7,335.2)
:1 hoyt loans ( _ 7(107.2) ( - ) (427.1) (1(9,6) (174.0) '1.017.3) (524.0) (72.9) (-.67 '(, 11
.) _thser_16,3) (160.6) (31.0) 7105.Z) (396.7) (105.01 157.2) (2 67.21 : 15i4.7i 6b9 6
9. Pslisisoroesrellers 715.4) 1,686.2 1,166,4 7,309.9 2.941,0 3,353.0 4,5223 3,908.3 3,977.7 45.22 4,625.1
13. PetIt ar-cn oil 1,955.7 2,207.6 2,294.3 0,595.0 2,456.8 2,326.0 2,668.2 1,347.1 2,510.6 2,979.9 12Z.
11. Psppermint oil 14.0 lS.6 40.5 201,3 181.4 744.0 1,757.6 96i.2 2,421.3 4,232 2 3,960.4
12. 3ther essental ols 147.0 257,7 127.7 033.0 166,2 233.0 066,5 231,6 (9.7 Il.o 252.9
13. Ooe6ruohosoorect 2,509.3 2,600.0 2,405.6 2.161.9 2,274.7 2,396.0 2,396.3 778,0 1090.2 20.25.2 2,2539.
4. Coon-d paleito 2,226.5 2,585.0 3,179.7 4,661.6 3.465,5 3,611.0 2.017,8 1,605.52 ,378.4 S9901 '27.1
15. Cor 251.6 96.6 0.5 621.1 401.2 Z3.0 66.5 122.2
2 l55.2 720.2
76. OStoe oersulo 4,0 l0.8 4.3 251.6 289.0 26.0 76.1 768.3 . 22.3 161.9
(7. Soqar 7.6 67.4 55.a 25.4 161.7 2,140.3 2.326.2 3,386.7 0,308.5 137 0 16.3
18. b uns 520.0 563.9 62663.9
634.1 566.2 11.9 311,0 61,0 158.3 '2.1 143.2 211.8
. _____ 1 013 1 1,398,8 9 01.3 910.0 1,241.4 1,744,0 1.3560.5 2941,6 3,675.1 3,1122. 1,793,1
(ales
1. 95.0 105,0 od.7 l06.6 IZ2.2 90.0 34.6 43.7 70.20 153 (4.0
2. 5kins od olid -noule 340.7 415.3 30.31 266.3 193.7 24.0 275.0 464.3 3.4.0 767. 761.9
1. 9Llk orc onoLne . . 147.3 257.7 517.7 557.8 629.2 (42. 3Z3
4. JOhe-s 904.4 578.0 429.0 437.4 '78.2 1,J73.0 735,2 1,8i5.8 2,611,) 2.371.0 2,254
.7tel- foro -sle 67,676.7 6633.3 695'430 77 206.5 7Z.183.d 96,1S7,0 96 012.0 92,703.1 98s8664 99.269.1 L16AO0.2
4-o.taonr seroLc.s- l4,801.6 22,453.1 28,751.6 27,7456 24,600.0 20,000.0 19,817.3 22,667.6 21,061.5 21.235 1 22,159.3
Ton st4orne6 ._f d5.477.9 8d.280 3 .ud.835. 3 06.4343 ,,52i .,9 728.800,0 137,378,7 135.074.6 149.3857 1, 189,32 .9
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
7.278.3 7 932.4 6.700.6 6.258,6 5,687.1 5.566.1 5263.7 14.420.1 8,808.2 14,097. 6 t2651.0
F7d
5,621.2 927. 5 4,35. 4,301.,1 3,6644 3547 3.28993 2
10,721 Z841 98289
Wiset
Insolets
salt 2~~~~
1240.3
~ 5,~~~~~~~48.0
518. 5
191.21
523.'9 333.3
182.3 64.6
3526.7
76.2
421. 8
63.6
442. 5
54.4
479. 6
203 2
75896
297.6
7 '3
432.0
996.9
905.7
Htld- 368.1 514.7 655.2 594.3 533.1 742.3 529.5 223.1 409.4 67.9 256.3
68116c90.7
productS 980.6 1,233.8 985.3 1,056.8 603.7 948.2 2,793.0 3,250.9 3.781.5 S.051,4
_rir -ud Jnero edLato pocd 24,508.3 20,3319 23.736,0 19.039,4 22.1996 1,6902. 2.8 21,5 105.7L 39 26,7 36J.I2~ 4915355
Metal a,402.35 .0, 6.196,6 1,526.2 9,399 6,5. 1,0.1.. 24,066.7 16,072.6 21,379. 16.1771.3
6 105.8 13,t25.7 17.339.4 13,513.2 13,359,7 12,735.2 17.202.4 189187.3 23.18S.1 20,573.3 31,140.0
ch r-
2 pY-s.
faleocs tdpsott
a- 4,.45.4 Ll,204.9 10,771.5 12,765.3 13,527.5 30,451.0 48.409.6 94,703.1 135,838.6 196,881.7 318.823.2
cuourre - 655500,0 73,200.0 01.200,0 76,600.0 95.900,5 100,300.0 153.'00.0 2564100.0 314.200.0 379,100.0 ;72.000.0
'ptool rerchcrPss
-tr-L1s 17,100.0 20,600.0 26,600.0 24,i08.0 28,100.0 27,00.0 33,300.0 53,000.0 77,400.0 80,500.0 111,280.0
N-fh-p-cor
proel1 ooporPc 003 'Fe 92.600.0 935008.0 107.800.0 101100-0 11 .900.0 127.7.0 1.S 00. 309.1080 391 O 459,600. 83,200.0
(1972 = 100)
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
Food 98.1 97.5 95.1 94.7 93.2 100.0 131.9 217.3 210.2 231,8 229.7
Wheat 103.2 101.1 99.6 93.7 92.6 100.0 158.3 235.1 263.2 242,7 195.3
Salt 90.0 102.7 100.0 97.6 102.5 100.0 104.6 116.9 222.0 271.9 263.9
Fr1Jt. 83.7 82.8 90.6 123.5 108.7 100.0 238.6 157.8 200.0 170.9 174.1
Milk production 78.3 88.5 84.7 95.0 92.6 100.0 6531 136.5 171.5 256,2 162.9
Others 85.0 85.0 86.7 96.7 91.7 100.0 145.0 203.3 166.7 210.0 300.0
Other ransomer goods 89.8 92.5 98.4 105.3 99.0 100.0 141.4 175.0 154.8 214.8 265.6
Beverages 85.9 85.9 91.5 104.2 91.5 100.0 129.6 149.3 140.8 277.5 476.1
Tobacco 90.7 99.5 102.3 110.6 120.4 100.0 124.4 128.9 159.2 184.1 191.1
Others 90.2 91.6 98.4 103.3 95.1 100.0 152.5 198.4 163.9 195.0 244.3
Primary and interiediate eoods 1 93.3 95.3 102.1 107.5 97.4 100.0 150.8 197.0 162.8 184.4 20805
Metals ~~~~~~~100.0
153.2 114.5 119.4
103.3
101.6
95.1
100.0
100.0
148.4
152.5
195.2
198.4
161.5
163.9
162.9
195.1
1627,7
244.3
Others 90.2 91.8 98.4
Faels ad lsbricants 68.1 73.1 75.6 77.4 89.8 100.0 101.4 376.4 359.6 317.6 338.9
Nafra 74.6 86.6 106.2 94.4 132.5 100.0 138.2 417.0 411.4 394.3 391.3
Oils 91.2 89.2 94.1 72.1 77.6 100.0 93.0 153.4 174.9 201.7 1d9.4
Cas Oil 62.5 - 120.0 98.2 150.1 100.0 73.6 405.3 447.3 558.4 3576
Crodedetrcleum 63.5 69.2 69.6 73.5 86.3 100.0 101.8 459.8 377.6 361.2 365.7
Others 68.1 73.1 75.6 77.4 89.8 100.0 101.4 376.4 3S9.6 317.6 338.9
Capital goods 79.4 74,4 75.1 83.4 92.5 100.0 120.4 150.7 174.0 175.7 192.7
lotal merchandise mpocts 86.9 85.9 89.2 94.5 95.3 100.0 129.9 199.3 184.4 210.6 025.7
Balance of paymentes adjst.en. 86.9 85.9 89.2 94.5 95.3 100.0 129.9 199.3 184.4 210.6 205.7
Tactal m-cha'sdise
imports - adjusted 86,9 80.9 89.2 94.5 95.3 100.0 129.9 199.3 184.4 218.6 225.7
Sun-factor services 79.4 74.4 75.1 83.4 92.5 100.0 120.4 150.7 174.0 175.7 192.;
Total npocts and t5 85.2 83.1 85.3 91.5 94.6 100.0 128.1 188.9 182.2 203.5 219.
0
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
91
Food 7,419.8 8,134.9 7,043.5 6,606.0 6,101.8 5,566.1 3,S .3 6,637.1 4,190.4 6,081.1 5,520.2
Wheat 5,446.8 5,871.0 4,321.7 4,588.4 3,955.2 3,534.7 2,07S.0 4,5.0- I ,62-.8 3,637.- 2,841.1
Salt 275.7 310.0 323.9 341.5 348.0 421.8 423.0 410.3 344.9 355.8 373.9
Fruits 167.6 218.6 201.3 52.3 70.1 63.6 22.8 128.8 148.8 252.8 462.R
Milk production 470.1 581.7 773.5 625.6 -76.0 742.3 813.6 163.5 238.7 34.3 158.6
Others 1,059.6 1,153.6 1,423.1 998.2 1,152.5 803.7 653.9 1,373.8 1,830.2 1,800.7 1,683.8
Other consumer goods 7.802.8 10,964.3 14,633.6 13,370.1 16,194.3 14,427.9 13,003.9 19,200.8 25,570.2 15,550.9 18,094.7
Beverages 728.9 1,308.0 2,652.1 2,685.7 3,859.1 3.719.0 3,675.5 5,029.8 9,462.0 4,000.4 2,554.1
Tobacco 34.4 2,063.3 4,783.0 3,378.2 3,057.0 2,397.5 2,144.8 2,897.6 3,045.8 2,083.7 3,892.2
Others 7,039.5 7,593.0 7,198.5 7,306.2 9,278.2 8,311.4 7,183.6 11,273.4 13,062.4 9,466.8 11,648.4
Primary and .ntermediate goods 26,258.2 21.341.0 23,236.5 17,709.8 22,781.4 19 690.7 18,975.4 16,383.6 24,112.1 19,608.1 23,942.5
Metals 8,402.5 6,498.2 5,411.9 4,628.3 8,208.6 6,955.5 7,69,.1 7,216.5 9,964.4 9,563.1 11,195.9
Others 17,855.7 14,842.8 17,824.6 13,081.5 14,572.8 12,735.2 11,280.3 9,167.1 14,147.7 10,545.0 12,746.6
92
Fuels and lubricants 5,505.7 6,640.2 5,888 6 7,948.3 7,069.6 5,952.5 6,720.2 11,133.2 _,6 .5 10,939.2 12,561.1
Nafta 678.6 468.3 277.5 743.4 615.5 823.9 441.8 593.3 884.0 1,438.8 1,378.0
Oils 506.4 696.1 878.1 1,095.6 1,251.4 827.4 1,127.4 2,691.0 1,091.4 1,128.1 1,911.3
Gas Oils 0.8 - 15.0 686.5 95.8 118.8 317 8 1,211.0 588.6 1,307.6 2,273.9
Crude petroleum 3,466.2 4,510.6 4,193.9 5,288.1 4,795.8 4,108.6 4.708.5 6.487.1 5,818.0 6,515.3 6,423.1
Others 853.7 965.2 524.1 134.7 311.1 73.8 124.7 150.8 310. .49.4 i74.8
Capital Foods 22. 809.8 24.506.6 28,141.1 21.943.9 21,626.8 24,211.8 37,956.2 32,640.1 34_16.2 353,027.1
Total merc"andise imports 69,796.3 71,587.0 78,943 67 8 73,773.9 61,849 .0 80,647.0 359948 9b,731.4 855590 113,145.6
Balance of payments.adjustment 5,575.8 13,626.2 12,075.7 13,514.0 16,301.1 30,451.0 37,266.8 42,500.3 73,665.2 94,435.8 140,285.0
Total merchandise 92
imports - adjusted 85,213.2 91,019.0 81,0 .1 90,075.0 100,300.0 117,913.8 128,495.1 170,396. 179,994.8
Non-factor services 21 i26 5 27,688.2 35,419.4 29,376.5 28,216.2 27,400.0 2R.073.1 35,169.2 44,482.8 45,816.7 57,704.3
Total imports and pfs 96.908.6 112.901.4 126,438.4 110,468.6 118,291.2 127,700.0 145,9.'6.9 163,664.3 214,879.4 225,811.5 311_131j.9
Exports (FOB)
Argentina 14,757 17,573 17,846 15,678 16,206 38,545 49,676 17,950 35,822
Spain 3,412 3,679 2,417 3,216 2,739 4,548 4,610 2,791 3,780
U. K, 5,749 4,701 3,623 7,478 8,618 14,684 18,350 10,910 13,455
U. S. A. 14,476 9,080 10,418 12,799 16,447 19,367 15,521 21,284 39,530
France 1,537 3,388 3,014 3,167 5,426 7,127 7,915 10,416 13,161
Uruguay 2,223 2,654 1,355 621 1,148 1,887 2,281 8,747 12,889
Belgium 976 2,088 2,934 4,210 6,011 5,228 3,752 775 1,076
Holland 2,747 5,481 4,990 6,181 10,482 15,837 15,104 27,120 42,983
Germany 1,425 3,489 3,602 14,057 23,316 22,213 22,050 20,390 28,374
Italy 1,286 378 1,185 701 1,633 2,572 837 2,985 5,548
Switzerland 686 308 402 1,792 6,573 15,605 13,430 21,369 26,326
Brazil 142 1,057 835 729 2,859 6,053 6,173 10,965 16,266
Japan 200 1,170 529 842 1,333 1,800 3,679 6,402 6,403
Others 7,681 9,025 12,054 14,717 24,136 14.340 13,333 19,730 33,278
Total exports 57,267 64,071 65,204 86,188 126,927 169,806 176,711 181,834 278,891
Imports (FOB) ,
Argentina 9,748 11,839 10,119 10,757 27,479 48,372 33,21'9 37,754 43,228
Spain 389 552 785 938 920 1,497 1,289 2,#11 5,945
U. K. 3,212 5,482 6,940 5,770 7,789 10,061 16,179 13,653 13,813
U. S. A. 10,427 14,913 17,900 13,703 17,338 15,551 21,777 18,398 30,867
France 808 1,381 1,953 1,327 1,181 2,546 2,570 2,458 5,184
Uruguay 196 1,487 1,157 1,175 945 2,720 3,509 6,941 8,497
Belgium 535 383 428 488 276 381 1,808 1,445 1,604
Holland 565 656 563 568 636 1,585 999 992 1,028
Germany 9,305 9,238 8,155 9,998 11,841 14,254 14,534 15,321 22,380
Italy 683 1,287 1,429 2,506 3,442 1,308 2,115 2,059 2,231
Switzerland 341 529 673 366 1,175 969 1,006 992 1,199
Brazil 1,487 2,043 5,062 10,400 15,547 28,343 37,151 31,198 53,915
Japan 3,117 4,318 3,942 3,105 4,055 5,794 8,813 8,456 22,847
Sweden 1,587 1,471 1,272 1,031 1,788 2,683 3,141 2,369 3,694
Algeria - 3,836 4,104 3,612 5,370 10,498 19,865 23,144 23.478
Netherland Antilles 2,560 863 736 392 657 2,084 2,131 1,322 2,298
Others 2,399 5,54
3,557 713 4,351 11,764 10,905 13,169
Total imports (FOB) 47,359 63,835 70,272 69,849 104,790 171,397 178,361 180,218 255,377
Exports of goods & nfs 238.8 444.6 462.4 582.3 711.4 865.1 1,005.2 1,191.0
Imports of goods & nfs 309.1 683.2 745.2 895.2 1,058.2 1,211.1 1,371.8 1,553.0
Balance of goods & nfs -70.3 -238.6 -282.8 -312.9 -346.8 -346.0 -366.6 -362.0
Net factor payments -12.7 -15.6 -32.2 -34.0 - 45.7 -53.1 -75.5 -88.4
Net transfers 6.9 23.1 4.0 4.4 4.8 5.3 5.9 6.4
Current account balance -76.1 -231.1 -311.0 -342.5 -387.7 -393.7 -436.3 -444.0
Net private medium and long term capital 53.7 75.0 86.3 99.2 114.1 131.2 144.3 158.7
Net public medium and long term capital 14.2 90.5 80.8 82.4 106.5 128.1 199.9 230.5
Gross disbursements 24.7 106.6 133.3 129.3 147.9 173.2 266.1 296.9
Amortization 10.5 16.1 57.5 46.9 41.4 45.1 66.2 66.4
Change in reserves (- = increase) -41.0 -108.9 -130.0 -19.1 -32.9 -25.5 -26.8 -30.3
Current $
Wood 24.7 19.9 19.5 22.7 29.1 36.6 44.4 53.6 18.0
Beef 40.5 28.1 25.8 34.6 40.5 44.4 49.2 56.7 12.4
Soybeans 20.4 58.8 41.5 61.5 72.8 99.1 107.3 141.0 15.7
Cotton 16.5 80.5 105.7 137.6 180.2 226.9 268.5 313.1 25.3
Other commodities 67.7 91.6 101.4 118.8 138.7 161.7 188.5 219.8 15.7
Unregistered exports 36.1 123.0 118.3 148.2 181.5 216s4 253.8 297.8 15.9
Total 205.9 401.9 412.2 523.4 642,8 785.1 911.7 1,082.0 18.0
Nonfactor services 32.9 42.7 50.2 58.8 68.7 80.0 93.3 108.8 16.8
Total exports and nfs 238.8 444.6 462.4 582.2 711.5 865.1 1,005.0 1,190.8 17.8
Constant 1977 $
Wood 25.5 19.9 20.7 22.7 25.0 27.5 30.3 33.3 9.0
Beef 50.4 28.1 24.6 27.1 29.8 31.3 32.9 34.5 3.4
Soybeans 14.8 58.8 48.8 65.9 79.1 90.9 104.6 120.2 12.6
Cotton 11.4 80.5 104.7 125.6 150.7 173.3 190.6 209.7 17.3
Other commodities 27.3 91.6 100.4 110.4 121.5 133.7 147.0 161.7 9.9
Unregistered exports 27.5 123.0 110.7 130.2 150.3 169.0 187.0 207.0 9.1
Total 156.9 401.9 409.9 481.9 556.4 625.7 692.4 766.4 11.3
Nonfactor services 24.8 42.7 47.0 51.7 56.8 62.5 68.8 75.6 10.0
Total exports and nfs 181.7 444.6 456.9 533.6 613.2 688.2 761.2 842.2 11.2
Current $
Food 14.4 12.7 10.4 10.4 10.8 12.0 13.0 14.5 2.3
Other consumer goods 33.6 48.1 64.2 76.7 91.9 110.1 128.1 148.6 20.7
Intermediate goods 32.3 49.9 59.8 73.5 89.1 105.9 121.5 139.4 18.7
Fuels and lubricants 41.9 42.6 47.1 57.4 67.9 77.5 87.6 96.5 14.6
Capital goods 49.2 102.2 123.3 150.0 175.9 191.1 211.1 234.9 14.8
Unregistered imports 84.7 316.6 309.8 372.2 439.7 501.4 566.5 639.6 12.5
Total 256.1 572.1 614.6 740.2 875.3 998.0 1,127.8 1,273.5 14.3
Nonfactor services 53.0 111.2 130.6 155.0 182.9 213.1 244.0 279.5 16.6
Total imports and nfs 309.1 683.3 745.2 895.2 1,058.2 1,211.1 1,371.8 1,553.0 14.7
Food 13.7 12.7 12.5 13.1 13.8 14.6 15.2 15.8 3.7
Other consumer goods 22.1 48.1 60.1 67.3 76.1 86.0 94.4 103.3 13.6
Intermediate goods 30.5 49.9 55.9 64.6 73.8 82.7 89.5 96.9 11.7
Fuels and lubricants 46.5 42.6 46.0 50.2 54.7 59.0 62.8 65.3 7.4
Capital goods. 38.5 102.2 115.4 131.8 145.7 149.3 155.5 163.3 8.1
Unregistered imports 74.8 316.6 289.4 326.6 363.5 391.1 417.0 444.0 5.8
Total 226.1 572.1 579.3 653.6 727.6 782.7 834.4 888.6 7.6
Nonfactor services 41.4 111.2 122.2 136.1 151.4 166.4 179.8 194.3 9.7
Total imports and nfs 267.5 683.3 701.5 789.7 879.0 949.1 1,014.2 1,082.9 8.0
D E B T O U T S T A N D I N G : I N A R R E A R S
TYPE OF CREDITOR -----------------------_-----_----_ ---------- _----------
CREDITOR COUNTRY DISBURSED :UNDISBURSED: TOTAL PRINCIPAL : INTEREST
------------------------ ___________ ----------- -----------
____ …-------…--- ___________
SUPPLIERS CREDtTS
ARGENTINA 14,255 2,134 16,389 -
AUSTRIA - 2,000 2,000 - -
BRAZIL 241 - 241 23 -
GERMANY, FED.REP. OF 3,775 16,150 19,925 356 -
ITALY 6,063 363 6,423 131
SPAIN 170 - 176 - -
SWEDEN 161 519 680 - -
SWITZERLAND 164 - 164 - -
UNITED STATES 3,595 1,766 5,361 -
TOTAL SUPPLIERS CREDITS 28,427 22,932 51,359 510 _
FINANCIAL INSTITUTIONS
ARGENTINA 1,606 18,261 19,867 - -
BRAZIL 60,756 1,252 62,008 - -
GERMANY, FED.REP. OF 3,486 - 3,486 - -
PANAMA 4,931 - 4,931 - - a
SWEDEN - 1,800 1,800 - -
SWITZERLAND 1,500 - 1,500 -
UNITED KINGDOM 7,246 - 7,246 - -
UNITED STATES 2,600 4,000 6,600 - -
TOTAL FINANCIAL INSTITUTIONS 82,125 25,313 107,438 - -
NATIONALIZATION
UNITED KINGDOM 87 - 87 - -
TOTAL NATIONALIZATION 87 - 87 -
MULTILATERAL LOANS
IBRD 28,010 60,908 88,918 - -
IDA 33,758 15,256 49,014 - -
IDB 21,435 29,414 50,849 - _
TOTAL MULTILATERAL LOANS 83,203 105,578 188,781 - _
BILATERAL LOANS
ARGENTINA 2,B04 20 2,824 - -
BRAZIL 5,903 13,497 19,400 27
CANADA 731 - 731 - -
GERMANY, FED.REP. OF 24,690 3,214 27,904 - _
ITALY 2,409 - 2,409 - -
JAPAN 6,276 26,023 32,299 -
SOUTH AFRICA 15,531 2,494 18,025 -
SPAIN 15,489 9,031 24,520 -
UNITED KINGDOM 3,465 - 3,465 -
UNITED STATES 45,987 7,096 53,083 - -
Table 4.1: PARAGUAY PAGE 2
D E B T D U T S T A N D I N G : I N A R R E AR S
TYPE OF CREDITOR -… -
CREDITOR COUNTRY DISUURSED :UNDISBURSED: TOTAL : PRINCIPAL : INTEREST
-____ …___________________________…__
--- ---- --- - ___________ -__ -- __
---- __ -- _-- ___________
NOTES: (1) ONLY DEBTS WITH AN ORIGINAL OR EXTENDED MATURITY OF OVER ONE YEAR ARE INCLUDED IN THIS TABLE.
(2) DEBT OUTSTANDING INCLUDES PRINCIPAL IN ARREARS BUT EXCLUDES INTEREST IN ARREARS.
_t
l3
Table 4.2: PARAGUAY
PACE
SERVICE PAY,MENTS, CO2,!MIT,2ENTS,DISEORSEMNENTS AND OUTSTANDING ANlCUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOW,S THE AMOUNT OF ARITHMIETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISB'JRSED FROM ONE
YEAR TO THE NEXT. THE MOST COf3MONCAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHEERIN THE TABLE.
Table 4.2: PARAGUAY
PAGE 2
SERV'ICE PAYMlENTS, CD>;viITNTS, DIS3URSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 - - -
1971 - - -
197W - - -- ----
1973 - - -
1974 - - -
1976 ------
1='77 - 2,000
I 79 - 2,I 0 l
* * 8 * 6 X THE FOLLOWINGFIGURES ARE PRODJECTED
* * * * * *
* THIS COLUlfiN SHOS Th'rEA-UE T CF ARITH;EI2-T'C IMBALANCE IN THE AN;OUNT OUTSTANDING INCLUDING UNDISSURSED FROM ONE
YEAR TO THE NEXT. THE PIO-Si CC'MMONCAU'ES OF IMeALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGGRY To ANCTHER IN THE TAULE.
Table 4.2: PARAGUAY
PAGE 3
SERVICE PAYMEt!TS, COMMITMENTS, DISzEURSEMENTS AND CUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 23 23 - - - - - -
1 971 23 23 - -
1972 23 23 - - - - - -
1973 23 :'3 8 3 2 - 2 - -
1t74 29 29 - - 2 1 3 - -
117-2' 27 27 322 322 14 - 14 - -
I '7G6 335 335 - - 20 3 23 - -6
1S77 309 309 - - 71 19 90 - 3
1973 241 241 1
* THIS COLU:N _HCWS 1HE OF .RIRTHMETIC If;MBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROG ONE
OIOU'iT
YEAR TO ThE NEXT. THE MLvJlTCOi.l2Q CAUS-ESOF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FRZI.,CNE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 4
SERVTCE PAYMENTS, COUMITVF.NTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS CF EXTERNAL PUBLIC DEBT
PROJECTIOiS BASED ON' DEGT L'iTSTANULING INC _WDING UNDISEURSED AS OF DEC. 31, 1977
* THIS COLUAIN SHOWS THE AMOUNT OF ARITHMETT^ IMBALANCE IN TFE AMOUNf OUTSTANDING INCLUDING UNDISBURSED FRGM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 6
SERViCE PAY'ENTS, CO'.'~ITTf,''TS, U SBjRSE'MEN-NS AND "OUSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1976' 56 55 - - 56 2 58 - -
177 - - - - - - _ _ _
1978 -
*IHIS COLUMN SHCWS THE AMIOULNTOF ARITHMETIC ITr'MALANCEIN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. CAUSES OF IMR3ALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
THE 7,0OSTCOrMlll,10-i!
FROM ONE CATEGORY TO ANOTHER IN THE TAULE.
Table 4.2: PARAGUAY
PAGE 7
SERVICE PAYMENTS, COr"A`ITm,ENTS,DISCURSE,iiLNTS AND OUTSTANDING AM;OUNTS OF EXTERNAL PUBLIC DEBT
1974 77 77 - - 39 9 48 - -
1975 38 38 - - 34 9 43 - -
1976 4 4 - - 4 - 4 - -
1977 - - 176 176 - - - - l
1978 176 176 0
* THIS COLU.N SHOD:lSTHE A'OUN OF ARITH.METIC lli3A:ACE IN ThiE AwOUNT OUTSTANDING INCLUDING UNDISBURSED FRO'.tONE
YEAR TO ThtE NEXT. THE MOtST COL`JMUN
CAUELS CF Ifv;EALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROMi ONE CATEGORY TO ANOThER IN ThE TABLE.
Table 4.2: PARACUAY
PAGE 8
SERVICE PAYMENTS, COXX IT;F,:7.!TS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
DS5LR3ED
: : INCLUDING CON1I.!T- DISBURSE- S E R 1 I C E P A Y M E N T S CANCEL- ADJUST-
: ONLY :UNDISEURSED: MENTS :MEWTS ----------- …-----------:----------- LATIONS MENT *
PRINCIPAL INTEREST TOTAL
: (1) (2) (3) 4() (5) (6) (7) (8) (9)
l970 18 18 - - 13 1 14 - -
1I71 5 S - - 3 - 3 1
1972 3 3 268 219 3 3 3
.9,3 222 271 - - - -_ 44,
1974 258 315 - 62 12S - 123 - 66
2 5
22 256 - - 63 16 79 - -7
1976 183 138 - - 32 5 37 - 11
1977 167 16/
I - 34 4 38 31 1
1978 164 164
* THIS COLUN CHO.i5 THE AYC'-AT OF ARITHYMEIC. IMEALANCE IN THE A'vOUNT OUTSTANDING 'NCLUDING UNDISBURSED FROM1ONE
YEAR TO THE NEXT. CAUSES OF ILICALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
THE KCST CGUWM;.AO!
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 10
SERVICE PAYMENTS, COlAMITU2NTS, DISBuRSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
137
73 ,J,067
1,606 - 12,431 2,830- 715 3,553 - -
1 ?917 1 1,99
1 17.0239 3,303 2,833 903 3,746 - -
1023 11,69-3 14 ,1 22,838 899 3,737
1I31 11,255 11,_S3 _ 2 ,83a 745 3,583 - -1
1_'32 8,514 F3,514 - 2,83a 546 3,384 - -
1993 5,6Z7 5,G,6
' - 2,838 348 3,186 -
1584 2,538 2,839- 2,833 149 2,987 -
1970 - - - - - - - _ _
1571 - -
* THIS COLOU1,NSHL3,'S THE A'r'2UNT OF APhlkS'T,,TI_ IM.ALANCE IN THE AM3UNT OUTSTANDING INCLUDINO UNDISSURSED FRO,l iE
YEAR TO THE NEXT. THE M.7ST COM,1'N CtUSES OF IMBALANCES APE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBT'
FROM CNE- CATEGORY TO ANOTHER iN THE TABLE.
Table 4.2: PARAGUAY
PACE 14
SERVICE PAYMENTS, CO?.lMITi,^ENTS, DISSuRS-MENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEST
1970 - - - - - - _ _
1I72 - - - -- - - - _
1973 - - - - _ _ _
19,4 - -4
1C75 - -- - - - _ _
1976 - - 3,655 2,724 73 - 73 - 234
15977 2,824 3,o1i 1,01G 1,010 724 145 869 - -616
1978 3,466 3,486
h*~ *
'- * THE FOLLOWING FIGURES T D *
A.RE PROJECTE_ * * *
* THIS COLUMN SHOWS THE AN"OiUNTOF ARlTH?vETTC IMBALANCE IN THE A?.'OUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE !.:JST C2M,i'ONCAUSES OF lM3ALANCES ARE CHANGES lN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM CNE CATEGORY TO ANCTHER IN THE TABLE.
Table 4. 2:; AA(GUAY
PAGE 15
SERVICE PAYmENTS, COMMITMENTS, DISBURSEMENTS AND OUTSrANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 - - _ _ -_
1971 - - - - _ _ _
1972 - - - _ _ _ _
1973 - - - - -
19,4 - - 3,000 3,eco - - - - -
1975 3,000 _.000 - - - 129 129 - -
1976 3,000 3,OC0 - - - 136 136 - -
1977 3,000 3,000 2,000 2,000 69 137 206 - I
1978 4,931 4,931
T'HIS
T COLU;MN SHOWS THE AMO3UNTOF ARITHMETIC IMBALANCF IN ThE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR 10 THE NEXT. THE M5T Co,1MON CAUSES OF IMBiALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBfS
FRCO,.CHE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUJAY
PAGE 17
SERVICE PAYMIENTS, CC:MiI7fL'>lTS,DIS-,URSEMENTS ANO' OJTSrANDIN AM'UNTS OF EXTERNAL PUBLIC DEBT
19S0 -- - - _ _ _
1971 - - - - _ _ _
1,72 - - - _ _ _
1973 - - _ _ _ _
1'974 - - - - - - _ _ _
1975 - - - - - _ _ _ _
1976 - -
j977 - 1,800 - - - - - -
97S - 1,030
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 18
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OJTSTANDING AMlGUNTS OF EXTERNAL PUBLIC DEST
17v - - - - - - - - -
197. - - - - - - - _ _
1t37. - - - - - _ _
1 v73 - - 1,500 - - - - - -
1974 - 1,50 - 1,500 - 141 141 - -
1 5_ 1,E0 1,0 OO - - - - - _ _
1976 1,500 5 7, _
- _ 132 132 - -
1t77 1,5GO 1,50o - - - - - _ _
1978 1,500 1,500
*
+ * * + + THE FOLLOWING FIGURES ARE PROJECTED * * * * * I
$ THIS COLUMN SHCJS THE AMOUNT CF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FRCM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PAR-GUAY
PAGE 19
SERVICE PAYMENTS, COMMJITMENTS, DISOURSEr'MENTS AND OUTSTANDING AMDUNTS OF EXTERNAL PUBLIC DEBT
19,70 - _ _ _ _
1971 -
1972 -
1973 - - 4,400 4,400 - - -
1974 4 40J 4,400 4,015 - 500 253 753 -
* THIS COLUMN SOFDWSTHE AMOJ OF AiTHMEl IC IMBALANCE I;N T.qE AMOCUNTOUTSTANUING INCLUDING UNDISSURSED FRO'1 ONE
YEAR TO TH' NEXT. J'UA CAUSES O' iMSaLANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
THE i`SET CCL%
FRC;I ONE CATEGORY TO ANOTHER iN THE TAULE.
Table 4.2: PARAGUAY
PAGE 20
SERVICE PAYMENTS, CC.,uTr'_CNTS, DIS2UIRSE..1ENTS AND D3L;TSTANDIr'C AMOUNTS OF EXTERNAL PUBLIC DEBT
THIS COLU1-,N :);:iWSTHE AMOCUNT 0-;.AkITEMCTIC !MBALANCE IN Ti1E AI!OUNT OUT5TANDING INCLUDING UNDISBURSED FPOAplC:
YEA,' TO THE NE'(T. THE M2'JSTCOYDSN CAUSEf& OF IiVlBALA!N4CESARE CHANCES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROUI ONE CATEGORY TO AN3THER IN TrE TABLE.
Thule 4 . .: PARAGUIlY
PAGE 22
SERVICE PAYMENTS, COMITZNITS, DISBURSEI,ENTS AND CUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1978 87 87 - - 25 - 25
1`87 J 62 62 - - 25 - 25
1990 37 37 - 25 - 25
1981 12 12 - - 12 - 12
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN TH'- AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM, ONE
YEAR TO THE NEXT. THE MOST COGi4MN CAUSES Of IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FRONT ONE CATEGORY TO ANOTHER IN THE TADLE.
Table 4.2: PARAGUAY
PAGE 23
SERVICE PAY,NTS, COIII.1iITMENTS,
DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1 5783 87 37 - - 25 - 25 - -
1t979 62 e2 _ 25 _ 25 - _
18s0 37 37 - - 25 - 25 - _
192.1 12 i2 - 12
1 - 12 - -
* THIS CDLU'>N SH0XS THE A00iU'T Or ARITHji,--tICIM-ALANCE IN 1HE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE f,-'ST C0illIh2" CAUSES OF IIM'! A;CES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATCGORY *ro AN-lHErR ItN TrHE TABLE.
Table 4.2: PARAGUAY
PAGE 24
SERVICF PA8NIENTS, CO%'AITMIEN:TS.DISBURSLEiENTS AND OUT7STANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
t')7 0-
19 1,530 1,5J0 - - -
1971 1,530 1,530 - - 36 151 187
1972 1, 94 1 - 94 - - 253 92 342
1973 1,244 2,•¾T4 - - 4_2 129 561
1974 812 812 - - 463 106 574 - -1
1975 343 343 - - 343 37 380 -
1976 - - - -
_ -
1978 - -
* THIS CCLUP.'N _rH0VJSTHE A..'CUNT OF ARITH'Wl1To ' 1MSAIAHCE i. THF A.OUNT OUTSTANDING INCLUDING UNDISSURSED FROM ONE
YEAR TC TnE NEXT. THEL rOST CO'AO' CAUS'S OF IMEALANCES AR_ CHANGES IN ZXCHA,4GE RATES AND TRANSFER OF CEBTS
FRCPOMONE CATEGORY TO ANOTHER iN THE TABLE.
Table 4.2: PARAGUAY
PAGE 25
SERVICE PAYi'iNTS, COY.I1MENTS, DISEURSErAENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1 970 - - - - _ _ _
1°71 - - - - , - - _ _ _
1372 - - - - - - - _ _
9743 - - _
19'i5 - - - - - - _ _ _
19,'6 - - - - - - - - -
15'7 7 - - - - - - - _
1976 -- -- tW
0
* *' * -s ^ XTHE FjLLODXING FIGURES ARE PROJECTED * *' * *
* THIS COLUDIN Si023.3STHF AOU 3 FT \R IS'MLET C IM3ALANCE IN THE A13OJtT OUTSTANDING INCLUDING UNDISBURSED FRO,L Ot
YEAR TO THE NTX'. THE CU'.OSTCJ'Ji.. CAUSES OF IMBALANCiES A,tE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN rHE TABLE.
TaDle 4.Z: PARAGUAY
PAGE 26
SERVICE PAYMIENTS, COM`MITTMENTS, DIS2URSE.M.ENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHO.CJSTHE AlkiOUNT OF ARITHMETTC IMPALANCE IN THE AMO3UNT O'JTSTANDING INCLUDING UNDISBURSED FROM ONE.
YEAR To THE NEXT. THE MOST COMMONCAUSES OF IMBALANCLS ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN TliE TABLE.
Table 4.2: PARAGUAY
PAGE 27
SERVYCE PAYMENTS, COMMITVENTS, DI53:JRSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN LHCWS THE AACUNT OF ARIThMETIC IlBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST C,'.:MN CAUSES OF IMEALANCES ARE CHANSES IN EXCHANGE RATES AND TRANSFER OF DESTS
FKOM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGIAY
PACE 28
SERViCE PAYMENTS, COCi.lMIlmENTS, DISCLyRSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1071 6,215 4
;s21, - 214 703 454 1,157 - 150
17-72 5,846 S,903 - 53 350 322 1,172 4 -
1973 5,049 5,040 - - 714 293 1,007 - 90
1974 -.,495 4,425 t1,500 - 627 290 917 - 152
1975 3,950 15,4c50 26,713 5,69i 572 205 777 - -20
1976 9,351 -41 571 2,300 7 ,25 614 521 1,135 - 58
1977 16,020 43,356 11,000 5,943 533 504 1 037 2,933 -
197-8 21,435 50,849
* THIS COLUMN SHO.S THE AMOUNT OF ARiTH,MT-IC IMBALANCE IN rHE ANOUNT OUTSTANDING INCLUDING UNDISBURSED FRO1 ONE
YEAR TO THE NEXT. THE MODSt CCA40N CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FRCNl ONE CATEG,ORY TO ANOTiiER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 29
SERVICE PAYMENTS, CC'.,vITMENTS, B1SlSRRSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* .s
* * * iTHE FOLLOWING FIGURES ARE PROJECTED * * * * * * 0
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMCTI. IMBALANCE IN THE AMOUNT OUTSTANDINCG INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
lable 4.2: PARAGIUAY
PAGE 30
SERVICE PAYMAENTS, C0 U,T'.!IT.lENTS,
DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 - - _ _ _ _
1 971 - _ 570 -
1972 - 570 7,000 30G - - - -
1 J7.; 308 7,571 - 714 10 1 11 - -1
197L i,011 7,533 - 2,113 33 91 127 - -
1'75 3,083 7,524 - 163 70 169 239 - -
1376 3,181 7,454 - 151 223 i03 326 - -i
197, 3,108 7,230 - 30 385 200 585 4,022 t
1978 2,804 2,824
0
* * x + * * THE FOLLOWING FIGURES ARE FROJECTED * w * * *
+
* THIS COLUMN SHOWS THE Ai'O'UNTOF ARITHMETIC IMSALANCE IN THE AP.HOUNTOUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE iMOST COUM.ONCAUSES CF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 31
SERVICE PAYiM'EN7S,CQV;lMIT!WENTS,DIS5URSEIMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1070 27 27 - - - - - -
1971 27 27 1,000 - - -_
1972 27 1,027 - 45 5 5
1973 72 1,027 - 4a5 - 4 4 -
* THIS COLUMN SHONS THE r.MCvT OF AR'ITHjl?_TICIMEALANCE IN THE AEDUNT OUTSTANDING INCLUDING UNDISBURSED FRO1MONE
YEAN,. TO THE NEXT. 1t.iKOST CA'SES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
COMMi.','1O
FROM ONE CATEGORY TO ANOTHER IN THE TAdLE.
TaDle 4.2: PARAGUAY
PAGE 32
DISGUIRSEMENTS AN: COUTSTANDINNGAIVIOUNTSOF EXTERNAL PUBLIC
SERVICE PAYMENTS, CO'L>Y,MITG'tEN'TS, DEBT
* THIS COLUMN SHCWS THE AMOUNT CF ARITK,'3T7C IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. TH- WMOOTCOMMJON CAUSLS OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEB1S
FROM ONE CATEGORY TO ANOTH.R IN THE TABLE.
Table 4.2: PARAGUAI
PAGE 33
SERVICE PAYN_NTS, CM7MIT'ULNTS, DISBUR'EE'_NTS AND OUTSTANDING AiMOUNTS OF EXTERNAL PUBLIC DEBT
1970 3 3 - - 3 - 3
1971 - - - - - -
1972 -
1973 - - - - _ _
1974 - - - - _ _
1 57. - - - _ - _
1977 - - - - _ _
1978 -
* T;1T5 COLUMN '-C!!S THE Ar;OUNT OF ARITH-I'.ET IC IMBALANCE IN THE AM'OUNT OUTSTANDING INCLUDING UNDISBURSED F,:O C
YEAR TO THE NRXT. THE M OST COi7'MXLNCAUSES OF IMALArLOES ARE CHANCES IN EXCHANGERATES AND TRANSFER OF JEB3TK
FROM ONE CATEGORY TO ANOTHER IN THE TAELE.
Table 4.2: PARAGUAY
PAGE 34
SERVICE PAYMENTS, CO!.lllUTY,ENTS, DISnuRSE211ENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SlHiO4S TriE AMOUNT OF AkITHMETIC IMBALANCE iN TFE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE M.OST COMMONCAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4..2: PARAGIAY
PAGE 35
SERVICE PAYMENTS, COM.1MITMENTS,
DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 - - - - _ _ _ _ _
1971 - _ _ _
1972 -
1973 - - - - _ _ _ _ _
19t4 - - 4,300 - _ _ _ - _
1975 - 4,300 - 4,295 215 187 402 - -193
1976 3,692 3,892 - 277 166 443 - -839
1977 2,776 c,776 - - 373 212 585 - 6
1973 2,409 2,4G9
* ThIS COLiU!..N SHECLSTHE A.,OUNT OF ARITH,ETTIC IMBALAHNCE IN THE AMOUNT OUTSTANDING INCLUDING UNGISBURSED FRO.'.tONE
YEAR TO THE NEXT. THE Y.:_ST CC.2N CAl,S-S Or ID';3ALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 36
SERVICE PAYMENTS, COMMITNMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
PROJECTIONS BASED ON DEBT OUTSTANDING INCLUDIN3 UNDISBURSED .AS OF DEC. 31, 1977
197'0 - - - - - - - -
1971 - - - - _ _ _ _ _
1972 -
1 '7 - - 14, 354 - - - - - -427
1-.74 - 13,927 - 127 - 3 3 - -967
1975 123 12,60 6,741 101 - 17 17 - -367
1976 216 19,334 - 4,793 - 7 7 - 815
1977 5,078 20,149 6,912 57 - 4 4 - 5,237 1
1978 6,276 32,298 -
DISBURSED : INCLUDING CO
DAlMIT- DISBURSE- S E R V I C E P A Y M E N T S CANCEL- ADJUST-
ONLY :UNDISBURSED: MENTS MENTS ……-- --- ----------- ----------- : LATIONS : MENT *
PRINCIPAL INTEREST TOTAL
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1970 - - - - - _ _
1971 - -
1972 - -
1973 - - - - - _ _ _
1974 - - - - _ _
1975 - 18,581 - - - - - -2,941
1976 - 15.640 - 8,G53 - - - - -1
1977 8,353 15,63 2,875 7,167 490 757 1,247 - 1
1978 15,531 18,025
* THIS COLUMN SHO.JS THE AMOUNT OF ARITHMETIC INiBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE N:'OSTCOMM;ONCAUSES OF IMPBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARACUAY
PAGE 38
SERVICE PAYMENTS, COMVfMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
DISBURSED : INCLUDiNG
D CDO!AIT- DISBURSE- S E R V I C E P A Y M E N T S CANCEL- ADJUST-
: ONLY :UNDISB'URSED: MENTS MENTS …
-------------------------------- : LATIONS MENT
:RINCIPAL INTEREST TOTAL
('(I
* (2j (3) (4) (5) (6) (7) (8) (9)
* THIS COLUMN SHD.JS THE AM:UNT OF ARITHNETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROMl ONE
YEAR TO THE NEXT. COMMON CAUSES OF IWPALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
THE 1M.1OST
FRO4 ONE CATEGURY TC AN3ThER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 39
SERVICE PAYMENTS, COTr`MIITMOIENTS,
DISBURSEMAENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
1970 - - - _ _ _ _ _
1I71 - - 4,672 - - - - _ 233
1272 - 5,105 - 70 - 13 13 - -409
1S73 66 4,696 - 797 - 32 32 - -50
19','4 820 4,646 - 891 - 58 58 - 51
1975 1,724 4,697 - 1,420 22 89 111 - -648
1976 2,758 4,027 - 797 155 99 254 - -631 1
1077 2,925 3,241 - 325 150 89 239 - 374
1978 3,465 3,465 o
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM. ONE
YEAR TO THE NEXT. THE M8JST COMMON CAUSES CF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DE3TS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 40
SERVICE PAYMENTS, C`,;MITi:;ENTS,LISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
PROJECTIONS BASED G'J DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DEC. 31, 1977
* THIS CC5LUB,NSHCo,S THE AM:OUNT CF -iRITHMETIC IMBALANCE IN THE A'.NO4UNTOUTSTANDING INCLUDING UNDISSLURSED FROM ONE
YEAR TO THE NEXT. THE Mf,ST CCr,E': CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOCThER IN THE TABLE.
Table 4.2: PARAGUAY
PAGE 41
SERVICE PAYMENTS, CO..q,iIT[.IENTS, DISSURSEMENTS AND OUTSTANDING ArMIOUNkSOF EXTERNAL PUBLIC DEBT
197C 35,749 co, 768 5,755 3,7: 2,411 1,219 3,630 98 -108
1971 _G,702 63 926 12.166 8,_ 2,375 1,3'5 3,691 - 1,042
1972 3I7,01, 74 S 3 11,2,2 7,73 2,665 1,670 4,333 - -222
1973 40,132 EJ,:2-0 35,572 1U,CuJ-. 2,800 1,502 4,302 38 799
1974 55.610 1iB,753 6, 6C0 11,374 3,100 1,696 4,996 - 3,300
15.5 67,565 12 5 ;3 48, 411 13,4cB 3,820 2,424 6,250 34 -6,256
1976 74,869 161Tb8, 11,000 29,0438 4,0G4 2,389 6,423 2,696 1,864
1977 100,692 167 Ci62 17,019 23,_9'3 4,945 3,846 8,791 4,022 8,626 1
1978 123,265 1t8,5 O
197S 123,2S5 103, G6^ 81 ,060 39,)_i .2,30-5 5,i33S 16,224 - -26
15 979
/ 50 , 560 2_3 , ,OS - 3;t ,225-2 1 3 , .F82 7,157 20,539 - --3
1930 171, 4A7 *'>§,.:23 - 28671 13,578 8,376 21,954 - -2
19b1 183,56 2, 343 - 25,633 13,435 9,417 22,652 - -5
19L'2 1 96,971 212 ''C - 12,967 19,191 10,344 29,525 - -3
19 19t-22,7
/2 193 ,719 - 42 24,fi'5 9,429 34,314 - -5
19i24 168,5j25 1-C 2 - 204 24 ,6f 7,930 32,623 - -
13956 144,1 36 144',V - 22,481 6,523 30,004 - -6
1985 12C,649 1 2-,) - - 21,863 5,201 27,064 -- -2
1987 95,7S4 98,784 - - 20,647 3,935 24,582 - -5
* THIS COLUMN
fiN S TiH A r f OF ARITH'C` TT !IMt9ALA%!N-E IN THE AMiOUNT OUTSTANDING INCLLUDING UNDISBURSED FROM.NE
YEAR TO THE NE XT . THE MlQ2Y CO..MO;5Ni
CAULS3 Of IM,14BALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DE3,.
FROM, ONE CATEGORY TO ANCiTHER IN THE TABLE.
Table 4.2: PARA(=UAY
PAGE 42
SERVICE PAYMENTS, COOM.lITMENTS, DISBURSEMENTS AND OUTSTANDING AMGUNTS OF EXTERNAL PUBLIC DEBT
I'-OLU8ES ONLY D3EB CV2T iTTED tAN. 1, 1900 - DEC. 31, 1978
DEr-T F.EPAYASLE IN FOPREIG:NCLR9S.4CY AND GOODS
(IN THiOUSANDS OF U.S. GOLLARS)
OTa L
YEAR LiT5TAN DIcN
CUTST AT T R A N S A C T I O N S D U R I Ni G P E R IO D OTHER CHANGES
1797 31'7,127 532.,25 155,810 99,671 50,985 17, 558 63,543 - -529
1979 325,281 £'i_621 - 8b,6 4 4, 25, 19,33_ 66,189 - -7
1380 404,C044 , -,7',8 70,O27 41,4-4 21,019 62,453 - -5
1921 123,130 54 3i9 - 5 4,73 42,825 22,095 64,980 - -9
1-'82 444,61 g05,t25 - 32,569 49,511 22,325 71,836 - -1
1933 427,657 55. 9i3 - 11.371 43,252 20,265 63,517 - -7
1 9£4 395,768 412 ,CG4 - 6,287 42,604 17,948 60,552 - -4
1985 3 59,447 37 ,34O - 6,596 39,303 16,135 55,443 - -8
1 9W83 327, 0617 -s , 730 - 3,644 36,697 14,166 50,863 - -4
1987 294,029 294,029 - - 32,957 12,268 45,225 - -7
* THIS COLUMN SH8WS THE AO220T CF ARITHMETIC IMBALANCE IN THE AMOUNT OJTSTANDiNG INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE Mi.OST COr,IWONCAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANDTHER IN THE TABLE.
Table 4.3: PARAGUAY PAGE 1
TYPE OF CREDITOR D E B T O U T S T A N D I N G : I N A R R E A R S
CREDITOR COUNTRY…CO…- …
MULTILATERAL LOANS
JDB
DRAWINGS IN LOCAL CURRENCY 46,526 8,031 54,557 -
DRAWINGS IN FOREIGN CURRENCY 64,737 9,937 74,674 - _
TOTAL IDB 111,263 17,968 129,231 -
TOTAL MULTILATERAL LOANS 111,263 17,968 129,231 -
BILATERAL LOANS
UNITED STATES
DRAWINGS IN LOCAL CURRENCY 7,058 - 7,058 -
TOTAL UNITED STATES 7,058 - 7,058
TOTAL BILATERAL LOANS 7,058 - 7,058 -
NOTES: (1) ONLY DEBTS WITH AN ORIGINAL OR EXTENDED MATURITY OF OVER ONE YEAR ARE INCLUDED IN THIS TABLE. t
(2) DEBT OUTSTANDING INCLUDES PRINCIPAL IN ARREARS BUT EXCLUDES INTEREST IN ARREARS.
Table 4.4: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.4: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSEt FRO ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DE TS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.4: PARAGUAY
SERVICE PAYI--NTS, CCMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.4: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
PROJECTIONS
BASED ON DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DEC. 31, 1977
DEBT REPAYABLE IN LOCAL CURRENCY
(IN THOUSANDS OF U.S. DOLLARS)
TYPE OF CREDITOR MULTILATERAL LOANS
TOTAL
YEAR DEBT OUTSTANDING AT T R A N S A C T I 0 N S D U R I N G P E R I 0 D OTHER CHANGES
BEGINNING OF PERIOD
_ _ _ _ _ _ _ _ _…__ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _-
- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _- _ _ _ _ _ _- _ _ _ _
…_ _ _ _ _ _ _ _ _ _ _
DISBURSED : INCLUDING COMMIT- DISBURSE- S E R V I C E P A Y M E N T S : CANCEL- ADJUST-
:ONLY ONY :UNDISBURSED:
:NIURE: MIENTS
MT5 E--T--
:MENTS -- : ----------- :-----------: LATIONS :MENt
PRINCIPAL INTEREST TOTAL L E
(1) : (2) (3) (4) (5) (6) (7) (8) (9J
1973 53,777 120,625 - 10,766 959 2,341 3,300 288
1974 63,584 119,378 3,900 15,945 1,887 2,688 4,575 12 -4
1975 76,637 121,375 6,887 15,627 1,921 3,039 4,960 -
1976 90,342 126,341 900 13,251 2,239 3,429 5,668 8 -1
1977 101,353 124,993 6,800 12,467 2,558 3,434 5,992 5 1
1978 111,263 129,231
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.5: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.6: PARAGUAY
SERVICE PAYM'cNTS,COMMITNlENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM CNE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.4: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
Table 4.4: PARAGUAY
SERVICE PAYMENTS, COMMITMENTS, DISBURSEMENTS AND OUTSTANDING AMOUNTS OF EXTERNAL PUBLIC DEBT
PROJECTIONS BASED
ON DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DEC. 31, 1977
DEBT REPAYABLE IN LOCAL CURRENCY
(IN ThOUSANDS OF U.S. DOLLARS)
TOTAL
YEAR DEBT OUTSTANDING AT T R A N S A C T 1 0 N S D U R I N G P E R 1 00 OTHER CHANGES
BEGINNING OF PERIOD
- - ------ - ---- ---- -- -- -…________
--- - ----- -- -- -- -- ---- -- - --- --- --- -- - -_ - - -…- - -…-- -- - --- -- -- --
: DISBURSED : INCLUDING COMMIT- DISBURSE- : S E R V I C E P A Y M E N T S CANCEL- ADJUST-
: ONLY :UNDISBURSED: MENTS MENTS ----------- …-----------:-----------: LATIONS MENT *
PRINCIPAL INTEREST TOTAL
: (1) : (2) (3) (4) (5) (6) : (7) (8) (9)
* THIS COLUMN SHOWS THE AMOUNT OF ARITHMETIC IMBALANCE IN THE AMOUNT OUTSTANDING INCLUDING UNDISBURSED FROM ONE
YEAR TO THE NEXT. THE MOST COMMON CAUSES OF IMBALANCES ARE CHANGES IN EXCHANGE RATES AND TRANSFER OF DEBTS
FROM ONE CATEGORY TO ANOTHER IN THE TABLE.
- 129 -
I. Sources
A. Current account surplus 2,495 2,242 1,845 3.496 5,807 7,602 10,336 13,202
1. Central Government 1.502 1.073 702 2,099 3.949 4,830 4.806 9,816
Central administration 1,191 756 346 1,447 3,204 3,389 2,849 7,684
Social security institutions 299 281 352 502 527 1,289 1,338 1,963
Decentralized agencies 12 36 4 150 218 152 619 169
3. Public enterprises 891 1.022 970 1,204 1,651 2,373 5,043 3,056
IT. Uses
A. Investment expenditures 3.284 3.699 4.773 5.123 6,695 16.058 13,970 14,893
1. Gross fixed investment 2,780 3,191 4,332 4,726 6,200 10,245 13,651 14.326
(a) Central government 1,215 1,206 1,713 1,620 2,039 4,069 6,681 6,382
Central administration (908) (979) (1,496) (1,393) (1,735) (3,709) (5,884) (5,694)
Social security institutions (105) (138) (85) (65) (65) (277) (397) (479)
Decentralized agencies (202) (89) (132) (162) (239) (83) (400) (209)
(c) Public enterprises 1,474 1,868 2,506 2,875 3,887 5,808 6,399 7,470
2. Financial investment 504 508 441 397 495 5,813 319 567
B. Amortization payments 962 1.300 1,475 2,105 4,331 1,461 2,182 3,174
1. External 605 955 882 848 945 760 1,240 1,668
2. Domestic 357 345 593 1,257 3,386 701 942 1,506
/1 Balancing item.
(Percentage distribution)
I. Sources
A. Current account surplus 54.3 41.4 29.4 49.0 55.1 39.6 54.6 57.1
1. Central government 32.7 19.8 11.2 29.4 37.5 25.2 25.4 42.5
Central administration 25.9 14.0 5.5 20.3 30.4 17.7 15.0 33.3
Social security institutions 6.5 5.2 5.6 7.0 5.0 6.7 7.1 8.5
Decentralized agencies 0.3 0.6 0.1 2.1 2.1 0.8 3.3 0.7
3. Public enterprises 19.4 18.9 15.4 16.9 15.6 12.4 26.6 13.2
B. Capital revenue and foreign grants 1.7 0.8 0.8 0.3 0.1 - 0.1 0.1
II. Uses
A. Investment expenditures 71.5 68.4 76.0 71.8 63.6 83.7 73.8 64.5
1. Gross fixed investment 60.5 59.0 69.0 66.3 58.9 53.4 72.1 62.0
(a) Central government 26.4 22.3 27.3 22.7 19.4 21.2 35.3 27.6
Central administration (19.7) (18.1) (23.8) (19.5) (16.5) (19.3) (31.1) (24.6)
Social security institutions (2.3) (2.6) (1.4) (0.9) (0.6) (1.5) (2.1) (2.1)
Decentralized agencies (4.4) (1.6) (2.1) (2.3) (2.3) (0.4) (2.1) (0.9)
(b) Municipalities 2.0 2.2 1.8 3.3 2.6 1,9 3.0 2.1
(c) Public enterprises 32.1 34.5 39.9 40.3 36.9 30.3 33.8 32.3
2. Financial investment 11.0 9.4 7.0 5.6 4.7 30.3 1.7 2.4
B. Amortization payments 20.9 24.0 23.5 29.5 41.1 7.6 11.5 13.7
C. Cash balances 7.6 7.6 0.5 -1.3 -4.7 8.7 14.7 21.8
Total revenue 8,797 8,909 9,478 11,592 16,176 17,951 19,244 26,379
Tax revenues 7,801 7,904 8,132 10,251 14,579 16,074 17,009 23,647
Taxes on income and property 1,272 1,401 1,513 1,812 2,429 3,218 3,483 4,539
Income tax 800 878 963 1,144 1.715 2,426 2,582 3,457
Real property tax 436 466 526 623 672 746 857 1,002
Inheritance tax 36 57 24 45 42 46 44 S0
Taxes on production and transactions 2,324 2,403 2,405 2,768 3,509 3,956 4,236 5,771
Beverages 381 491 406 537 743 1,161 1,282 1,562
Fuels 680 653 715 791 893 841 942 1,171
Industrial production 6 4 5 11 6 13 15 24
Cigarettes 272 246 143 38 170 263 98 300
Cattle 414 426 488 563 562 500 558 725
Other excise tax 161 164 190 270 344 325 275 368
Sales tax 410 419 458 558 791 853 1,066 1,621
Taxes on international trade 3,007 2,843 2,547 3,128 4,690 4,812 4,632 7,042
Taxes on imports 2,751 2,670 2,370 2,966 4,329 4,488 4,363 6,691
Customs duties (1,545) (1,467) (1,322) (1,702) (2,564) (2,674) (2,930) (4,373)
Customs surcharges (916) (918) (748) (843) (1,186) (1,228) (783) (1,240)
Consular fees (290) (285) (300) (421) (579) (586) (650) (1,078)
Export taxes 256 173 177 162 361 324 269 351
Stamp tax 1,142 1,185 1,392 2,315 3,308 3,531 4,037 5,812
Nontax revenues 996 1,005 1.346 1,341 1,597 1,877 2,235 2,732
Postal surcharges 52 57 57 53 58 61 80 78
Pension contributions 431 438 589 627 729 916 1,064 1,247
Fees and tolls 148 160 200 279 319 361 397 526
/I
Others - 289 278 424 330 422 472 621 785
/1 Includes Transfers.
Nontax revenues 996 1024 1449 1341 1597 1877 2235 2732
Current Expenditures 7606 8153 9132 10155 12972 14562 16395 18695
Consumption expenditures 5011 5280 5891 6443 7830 9856 10997 12757
Purchases of goods and services 1427 1515 1699 1953 2734 3731 3671 4228
Compensation of government employees 3584 3765 4192 4490 5096 6125 7326 8529
Transfer paynents 1721 1778 1991 2023 2744 3409 3684 4576
Interest payments 249 232 329 296 323 363 383 691
Subsidies and other transfers 1472 1546 1662 1727 2421 3046 3301 3385
To other levels of government 345 393 453 428 531 856 752 951
To public enterprises 169 147 74 71 240 210 257 207
To official financial institutions 12 14 15 15 55 52 52 52
To international organizations 37 25 39 28 69 76 99 217
To household 909 967 1081 1185 1526 1852 2141 2458
Other current expenditures 874 1095 1250 1689 2398 1297 1714 1362
Current Account Surplus/deficit 1191 756 346 1447 3204 3389 2849 7684
Capital revenues -_ 5 2
_ 3 -
Capital Grants 31 28 24 17 11 2 23 19
Capital Expenditures 1458 1455 1988 1951 2653 4445 6664 6867
Capital formation 908 979 1496 1393 1735 3709 5884 5694
Acquisition of existing assets - - 29 5 6 7 2 69
Capital transfers 550 476 463 553 907 713 778 1104
To other levels of government 107 55 62 32 4 11 54 8
To public enterprises 257 237 228 300 728 484 514 680
To official financial institutions 176 176 164 192 169 208 198 403
To households 10 9 9 29 6 10 12 13
Overall Surplus or Deficit -218 -671 -1604 -487 562 -1052 -3789 836
External financing (net) 702 792 763 302 781 1361 4328 2507
Uses of loans (net) 464 514 466 239 781 1361 4328. 2507
Drawings (804) (930) (983) (517) (1159) (1808) (4827) (3389)
Amortization (-340) (-416) (-517) (-278) (-378) (-447) (-429) (-882)
P.L. 480/808 Title 1 238 278 297 63 - - - -
Monetary authorities (net) -134 288 870 88 -1832 -442 -312 -3120
Credit (3) (421) (1198) (409) (-1238) (-212) (-210) (-351)
Deposits (-137) (-133) (-328) (-321) (-596) (-230) (-102) (-2769)
Floating debts, errors and omissions -350 -409 -29 97 489 133 -227 -223
Current expenditures 784 894 982 1060 1332 1693 1947 2157
Consumption expenditures 586 699 772 816 977 1011 1385 1443
Purchase of goods and services (190) (245) (293) (327) (343) (382) (543) (525)
Comnpensationof government employees (396) (454) (479) (439) (635) (629) (842) (918)
Transfer to financial institutions - - - - - - - -
Transfer to households 171 134 192 222 329 669 562 705
Other currenitexpenditures 27 11 12 22 25 13 _ 9
Current account surplus or deficit (-) 264 248 317 470 490 1243 1297 1898
Capital expenditures 233 264 261 222 333 436 419 522
Fixed capital formation 110 107 86 51 55 109 392 479
Changes in stocks -5 31 -1 14 10 168 5 -
Acquisition of existing assets 128 126 176 157 263 159 22 43
/R
Revenues 209 257 334 394 434 347 881
Nontax revenues 209 257 334 394 434 347 881 487
Fines, forfeits and administrative
fees and charges (23) (26) (11) (26) (53) (-) (-) (-)
Sales of goods and services (91) (107) (144) (271) (293) (257) (350) (280)
Sales of government property and stocks (29) (5S) (62) (1) (2) (-) (-)
Other (66) (66) (117) (96) (86) (90) (531) (207)
Current expenditures 507 588 732 664 742 875 999 1202
Consumption expenditures 448 451 493 590 678 757 863 1038
Purchase of goods and services (123) (108) (108) (141) (183) (152) (183) (213)
Compensation of government employees (325) (343) (335) (449) (495) (605) (680) (825)
Interest payments 16 22 37 31 28 49 81 114
transfers abroad 4 5 4 - - 2 1 1
Transfers to households 14 21 92 11 7 10 10 1
Other current expenditures 25 89 106 32 29 57 44 50
Current account surplus or deficit (-) -298 -331 -398 -270 -308 -528 -118 -715
Foreign grants 29 13 11 3 - -
Capital expenditures 311 178 169 184 280 111 410 215
Overall surplus or deficit (-) -163 -74 -92 39 -56 54 229 -11
1970
Total 209 507 -298 310 29 107 311 -163 163 205 -42
1971
1972
1973
1974
1975
Net Capital
Tranisfers TransEers Overall
Current from other from other Capital Surplus Net Net
Expen- Current Levels of Foreign Levels of Expen- or External Interaal
Revenie diture Surplus Government Grants Governnent ditures Deficit Financing Borrowing Borrowing
1976
Total 88111 999 -118 724 - 16 410 712 -212 314 -526
1977
Current revenues 475 529 553 593 656 762 1242 1350
Tax revenues 254 245 258 277 324 370 507 759
Nontax revenues 221 284 295 316 332 392 735 591
Sales of government property stocks (8) (13) (10) (16) (25) (32) (161) (8)
Other (213) (271) (285) (300) (307) (360) (574) (583)
Current expenditures 375 393 378 397 451 530 823 1077
Operating expenditure 257 308 330 346 376 447 715 932
Purchase of goods and services (17) (57) (65) (59) (70) (88) (246) (300)
Compensation of government employees (240) (251) (265) (287) (306) (359) (469) (632)
Interest payments 1 1 - 4 6 7 19 39
Current transfers to households - 12 9 9 13 2 2 25
Otliercurrent expenditures 117 72 39 38 56 74 87 81
Current account surplus or deficit (-) 100 136 175 196 205 232 419 277
3
Capital expenditures 101 123 120 247 277 385 575 516
Capital formation 91 117 113 231 274 368 571 474
Acquisition of existing assets 1° 6 2 16 2 16 4 42
Transfers to households - - 5 - 1 1 - -
Other
Current receipts 3935 4074 4245 5108 6497 8505 10951 12687
Operating revenue 3669 3720 3877 4832 6299 8102 9432 12674
Sales of goods and services (3619) (3683) (3817) (4766) (6221) (7991) (9255) (12231)
Other operating revenues ( 50) ( 37) ( 60) ( 66) ( 78) ( 111) (177) (443)
Property income 13 8 10 10 12 24 98 13
Other income 253 346 358 266 186 379 1421 -
Current expenditures 3200 3192 '342 396S 5075 6326 6159 9844
Operating expenditures 2331 2235 2207 2704 3681 4942 4958 8344
Purchase of goods and n.f.s. (1383) (1222) (1131) (1548) (2292) (3339) (2962) (5994)
Compensation of employees ( 998) (1013) (1076) (1156) (1389) (1603) (1996) (2350)
Other current expenditures 319 957 1135 1264 1397 1304 1201 1500
Interest ( 364) ( 373) ( 439) ( 460) ( 577) ( 604) ( 648) ( 714)
Rent and royalties ( 6) ( 4) ( 9) ( 12) ( 10) ( 8) ( 47) ( 53)
Taxes ( 63) ( 75) ( 85) ( 101) ( 158) ( 340) ( 255) ( 366)
Current transfers to Bouseholds ( 55) ( 60) ( 62) ( 53) ( 66) ( 42) ( 57) ( 66)
Other ( 331) ( 445) ( 490) ( 638) ( 536) ( 390) ( 194) ( 301)
Current account surplus or deficit (-) 735 32 903 1140 1419 2179 4792 2E43
Capital expenditures 1544 1974 2525 2886 3884 11174 6437 7488
Fixed capital formation 1095 1689 2403 3171 3331 4695 5929 6647
Change in Stocks 379 179 103 - 296 556 1113 470 823
Acquisition of existing assets 70 106 19 11 - 3 5363 38 18
Overall surplus or deficit (-) 396 715 -1327 -1367 -1505 -8317 -879 -3752
External financing (net) 266 507 1033 1617 2236 8234 1393 4026
Internal financing (net) 130 208 294 -250 -731 83 -514 -274
1970
1971
Total 4,074 3,192 882 140 237 1,974 -715 715 507 208
1972
Total 4,245 3,342 903 67 228 2,525 -1327 1327 1,032 295
- 142 -
Page 3 nf S
1973
Total 5,108 3,968 1,140 64 315 2,886 -1,367 1367 1,617 -250
1974
Paraguayan International Airlines (LAP) 561 711 -150 163 74 -37 124 -124 __ -124
National Airlines (LATN) 43 33 10 -- -- -2 12 -12 _ -12
National Airport Administration (ANAC) 34 28 6 _- -- 6 __ -- -- --
Merchant Fleet (FLOMERES) 367 430 -63 _, 136 51 22 - 7 -15
Port Administration (ANNP) 342 234 108 -- -- 12 96 -14 -82
Railways (FCAL) 151 203 -52 52 36 24 12 -12 -11 -1
National Cement Industry (INC) 644 544 100 -- 410 499 11 -11 -- -11
Telecom-unic-tio-s (ANTELCO) 1,067 792 275 -- -- 858 -583 583 513 70
Electric Power (ANDE) 1,973 910 1,063 -3 -- 1,759 -699 699 1,342 -643
Water Sanitation (CORPOSANA) 417 371 46 -- 72 468 -350 350 413 -63
Alcohol Monopoly (APAL) 898 821 77 -- -- 246 -169 169 -- 169
National Meat Corporation (COPACAR) -- I -1 20 -- -- 19 -19 -- -19
Total 6,497 5,078 1,419 232 728 3,884 -1,505 1,505 2,236 -73
Page b o f q
1975
Total 8,505 6,326 2,179 194 484 11,174 -8,317 8,317 8,234 83
- 144 - Page 5 of 5
1976
Paragaayan International Airlines (LAP) 838 902 -64 143 74 41 112 -112 -30 -82
Natio.al Airlines (LATN) 41 36 5 - - -3 8 -8 - -8
National Airport Administration (ANAC) 118 103 15 - - 21 -6 6 _ 6
Merchant Fleet (FME) 393 364 29 - 134 1 162 -162 - -162
Port Administration (ANNP) 388 333 55 - - 32 23 -23 1 -24
Railways (FCAL) 109 208 -99 82 38 18 3 -3 - -3
Nathonal Cement Industry (lOt) 1,071 946 125 - - 371 -246 246 - 246
Telecotssoniootions (ANTELCO) 2,088 1,256 832 - 1,593 -761 761 695 66
Electric Power (ANDE) 49842/1 1,113 3,729 - - 3,881 -152 152 661 -509
Water Saniration (CORPOSANA) 715 606 109 - 221 435 -105 105 66 39
Alcohol Moonpoly (APAL) 346 285 61 - - 11 50 -50 - -50
National Meat Corporation (COPACAR) - - - 22 - - 22 -22 _ -22
SIDEPAR 2 7 -5 4 48 36 11 -11 - -11
Total 10,951 6,159 4,792 251 515 6,437 -879 879 1,393 -514
1977
Total 12,687 9,844 2,843 213 679 7,488 -3,753 3,753 4,026 -273
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Table 5.12: PARAGUAY - FIXED PUBLIC SECTOR INVESTMENTS, 1970-77
Central administration 908 979 1,496 1,393 1,735 3,709 5,884 5,694
Decentralized agencies 307 227 217 227 304 360 797 688
Public enterprises 1,474 1,868 2,506 2,875 3,887 5,808 6,399 7,470
(In percentages) X*
Central administration 32.7 30.7 34.5 29.5 28.0 36.2 43.1 39.8
Decentralized agencies 11.0 7.1 5.0 4.8 4.9 3.5 5.8 4.8
Public enterprises 53.0 58.5 57.9 60.8 62.7 56.7 46.9 52.1
A. Net international reserves 6,651 10,490 13,986 18,854 32.790 30,299 49,479
1. Assets 7,201 10,991 14,510 19,844 33,780 31,630 50,733
2. Liabilities -550 -501 -524 -990 -990 -1,331 -1,254
Table 6.2: PARAGUAY - SUMMARYACCOUNTS OF THE NATIONAL DEVELOPMENT BANK, 1973-AUGUST 1978
B. Claims on Central Bank 1.189 1.557 2.068 2,302 3,690 3,887 4,288
1. Cash in vault 220 280 363 385 664 638 787
2. Deposits 969 1,277 1,705 1,917 3,026 3,249 3,501
a) Legal reserves (932) (1,165) (1,478) (1,721) (2,867) (2,691) (3,160)
b) Other (37) (112) (227) (196) (159) (558) (341)
C. Domestic credit (net) 8.259 9.320 10.516 11,290 11,152 10,026 10,173
1. Net claims on public sector -528 -505 -705 -1,034 -1,864 -987 -1,730
a) Net central Government (budget) -251 -224 -218 -186 -299 -304 -316
Assets (-) (-) (-) (-) (-) '-) (-)
L.abilities (-251) (-224) (-218) (-186) (-299) (-304) (-316)
b) Net Central Government (other) 494 918 1,170 656 1,614 2,051 1,617
Assets (517) (928) (1,198) (958) (1,621) (2,054) (1,621)
Liabilities (-23) (-10) (-28) (-302) (-7) (-3) (-4)
c) Rest of public sector -771 -1,199 -1,657 -1,504 -3,179 -2,734 -3,031
Assets (-) (-) (27) (92) (64) (101) (58)
Liabilities (-771) (-1,199) (-1,684) (-1,596) (-3,243) (-2,835) (-3,089)
2. Official capital and surplus -2,955 -3,125 -3,231 -3,973 -4,662 -5,493 -6,372
3. Credit to commercialbanks (net) 3 1 28 2 -5 78 9
4. Credit to private sector 10,619 12,479 13,667 15,855 17,319 16,003 17,798
5. Unclassifiedassets (net) 1,120 470 757 440 364 425 468
9
D. Medium- and long-termforeign liabilities 5.111 6,092 6.853 6.784 L 8 2 7,085 8.099
E. Liabilitiesto monetary authorities 1.881 2.683 3.118 4.031 3,685 3,410 2,093
F. Liabilities to orivate sector 1.358 1,560 1,896 2,.649 3,512 3,513 4.722
1. Demand deposits 545 872 962 1,282 1,591 1,697 2,193
2. Time and savings deposit 810 676 771 1,170 1,308 1,538 1,845
3. Import deposits 3 12 163 197 613 278 684
December 31---------------------
-------------------- -- August 31----
1973 1974 1975 1976 1977 1977 f978
A. Net international reserves -616 153 646 1,499 902 2,579 278
1. Assets 525 1,496 1,550 2,060 2,130 3,307 2,177
2. Liabilities -1,141 -1,343 -904 -561 -1,228 -728 -1,899
B. Claims on Central Bank 7.517 9.115 11.088 14,206 18,210 18,006 23,662
1. Cash in vault 402 479 459 585 749 889 1,054 '
D. Liabilities to monetary authorities 532 837 637 535 754 546 1,026
E. Liabilities to private sectors 17,992 22,741 27,317 34,440 42,994 41,566 55,508
1. Demand deposits 4,904 6,169 7,299 9,225 12,021 11,590 16,045
2. Time and savings deposit 9,829 11,612 14,178 18,074 22,082 21,650 28,118
3. Import deposits 819 1,338 1,215 1,668 2,370 1,840 2,465
4. Capital and surplus 2,388 3,569 4,544 5,264 6,498 6,283 8,578
5. Other deposits 52 53 81 209 23 203 302
Table 6.4: PARAGUAY- SUMMARYACCOUNTSOF TNE BANRING SYSTEM AND VELOCITY OF CIRCULATION, 1973- AUGUST 1978
A. Net internatio.al reserves 4,937 10,101 13,915 20,225 33,939 32,973 50,210
1. Assets 7,743 12,509 16,081 21,921 36,169 35,122 53,387
2. Liabilities -2,806 -2,408 -2,166 -1,695 -2,230 -2,149 -3,177
C. Medium- and l -ter foreign exchange 5.177 6,203 6,961 6,887 7.965 7,147 8.280
E. Velocity
1. Velocity of circulation (GDP/Mi) 99.5 8.7 9.0 9.7 10.2
2. Velocity of circulation (GDP/M2) 11.1 10.3 11.0 12.4 12.5
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(Percent)
(Percent)
(Total output)
Garlic 1,000 bunches 190 220 100 180 300 190 200 210
Cotton ton 37,230 16,690 40,515 84,000 85,000 100,000 105,040 222,500
Sweet potatoes 134,290 138,300 159,045 167,000 183,700 178,190 187,100 196,500
Gourds and squash 1,000 fruits 12,670 13,100 13,520 14,196 14,620 14,180 14,550 15,300
Onion ton 18,470 19,400 20,400 22,440 23,560 24,740 26,720 27,520
Lima beans " 3,710 4,100 4,220 4,431 4,560 4,790 4,932 5,180
Maize " 220,000 216,920 227,770 273,330 281,500 337,800 344,220 372,200
Melon 1,000 fruits 10,700 10,860 11,077 11,360 11,640 11,990 12,590 12,400
Potatoes ton 11,610 8,560 7,700 8,470 9,320 9,786 10,680 11,750
Beans " 29,420 27,300 28,670 30,100 31,600 59,950 33,600 36,960
Watermelon 1,000 fruits 31,100 31,600 32,232 33,070 34,720 37,500 39,370 27,400
Grain sorghum 4,800 5,500 5,775 5,925 6,100 6,280 6,590 6,800
Cassava for forrage 832,720 853,500 863,743 876,700 894,235 862,558 867,500 876,175
(Total output)
Avocado 1,000 fruits 9,800 10,130 10,454 10,726 10,830 10,610 10,998 10,620
Banana 1,000 cachos 14,211 14,813 14,072 14,800 15,540 11,650 13,400 14,740
Coffee tons 3,700 4,290 5,400 6,500 8,000 9,600 3,910 6,000
Sugarcane " 1,093,500 1,202,850 1,240,000 1,458,000 1,600,000 1,200,000 1,440,000 1,600,000
Plums 1,000 fruits 28,900 29,900 30,800 31,600 31,900 32,220 32,550 31,900
Cocoa tons 209,700 249,000 198,553 249,000 275,000 200,000 206,000 236,900
Peaches 1,000 fruits 39,200 40,500 41,510 42,589 43,780 45,000 46,350 45,420
Guavas " 166,000 167,700 172,730 177,221 180,700 178,890 184,250 189,770
Persian limes " 65,300 65,950 66,610 67,276 67,950 68,630 72,060 70,620
Limon real 8,500 8,800 9,240 9,702 10,190 10,700 11,240 11,010
Sour lemon 27,900 28,800 29,730 31,216 32,150 32,790 34,450 33,400
Mangoes 144,400 145,800 147,258 148,730 104,110 83,290 71,800 75,390
Mamon 8,300 8,400 8,500 8,721 8,980 8,080 8,250 8,420
Apples 4,240 4,280 4,320 4,320 4,440 4,560 4,700 4,560
Mandarin oranges 309,800 320,210 288,190 291,072 320,180 336,190 437,050 415,200
Sweet oranges 1,180,300 1,220,400 1,182,330 1,239,780 1,363,380 1,431,550 1,503,110 1,427,800
Sour oranges tons 111,750 106,000 121,900 146,280 108,250 110,420 121,462 110,000
Pears 1,000 fruits 920 930 940 949 970 1,000 1,030 930
Pineapples 17,400 17,330 17,850 18,743 19,680 15,750 17,325 16,450
Grapefruits " 73,700 74,740 82,214 90,435 99,480 104,450 109,670 98,700
Castorseeds tons 17,814 18,000 20,700 24,800 26,000 23,400 22,230 24,500
Tung . 88,638 132,957 139,600 69,800 125,640 120,000 131,200 137,700
Grape 12,000 12,400 12,800 12,160 13,380 14,050 14,410 14,120
Yerba mate 19,530 15,760 18,400 16,560 18,550 19,850 20,370 22,400
Alfalfa 25,380 25,000 25,625 26,906 27,710 28,541 29,110 29,980
Small fruits 436 450 460 483 507 520 550 540
(1972 = 100)
1962 1965 1970 1971 1972 1973 1974 1975 1976 1977
Total 72.9 83.0 91.9 94.4 100.0 110.3 122.5 126.6 133.8 152.7
Export Crops 53.3 71.3 73.6 74.4 100.0 138.8 170.3 178.4 205.3 296.9
Tobacco 84.2 94.7 94.7 91.6 100.0 110.1 140.3 106.3 170.1 136.1
Cotton 80.2 103.7 91.9 41.2 100.0 207.3 209.8 246.8 259.3 549.2
Soybeans 6.0 18.0 40.0 74.1 100.0 120.0 190.0 220.0 280.0 350.0
Coffee 73.2 110.7 68.5 79.4 100.0 120.4 148.2 177.8 72.4 111.1
Sugarcane 62.1 80.5 88.2 97.0 100.0 117.6 129.0 96.8 116.1 129.0
Domestic crops 77.7 85.9 96.5 99.3 100.0 103.1 110.5 113.6 116.0 116.7 m
Cassava 79.1 85.2 96.4 98.8 100.0 101.5 103.5 99.9 100.4 101.4 a
Corn 103.0 113.6 96.6 95.2 100.0 120.0 123.6 148.3 151.1 163.4
Oranges 73.3 79.4 99.3 101.1 100.0 107.4 109.3 114.3 125.1 117.9
Watermelons 83.6 90.0 96.5 98.0 100.0 102.6 107.7 116.3 122.2 85.0
Sweet potatoes 72.1 83.0 84.4 87.0 100.0 105.0 115.5 112.0 117.6 123.6
Castor seeds (tgrtago) 67.7 72.5 86.1 87.0 100.0 119.8 125.6 113.0 107.4 118.4
Bananas 67.1 80.9 101.0 105.3 100.0 105.1 110.3 82.8 95.1 104.7
Rice 91.0 89.3 101.0 95.2 100.0 55.5 84.5 120.7 125.5 87.9
Green peas 106.8 126.3 102.6 95.2 100.0 105.0 110.2 209.1 117.2 128.9
Onions 43.6 69.1 90.5 95.1 100.0 110.0 115.5 121.3 131.0 134.9
Vegetables 69.7 67.1 79.5 89.6 100.0 106.9 121.4 124.9 137.2 147.6
Wheat 42.6 32.6 207.2 269.4 100.0 77.0 177.6 77.0 148.0 162.5
Other 68.7 80.6 94.6 99.1 100.0 100.9 111.1 106.9 115.1 119.1
Table 7.6: PARAGUAY - CROP PRODUCTION OF EXPORT CROPS BY AREA HARVESTED BY DEPARTMENT, 1970-77
II. Soybeans 39.5 54.6 75.8 81.4 127.3 150.2 173.4 228.8
1. Eastern region 39.5 54.6 75.8 81.4 127.3 150.2 173.4 228.8
Central * * 0.1 0.3 0.3 0.3 0.3 0.1
Cordillera 0.5 0.7 0.8 0.6 1.0 1.3 1.5 2.2
Paraguari 1.5 2.5 3,3 3.4 4.3 4.6 5.2 4.4
Caaguazu 1.6 1.8 2.6 2.2 3.8 3.9 4.4 6.4
Guaira 1.2 1.4 2.0 2.2 3.5 3.0 3.4 3.6
Caazapa 1.2 1.3 2.0 1.7 3.2 2.5 2.7 3.4
Concepcion 0.2 0.2 0.3 0.3 0.6 0.7 0.8 1.1
San Pedro 0.8 1.2 1.6 2.0 5.4 6.1 6.9 7.6
Amambay 2.6 3.5 5.9 5.8 6.8 7.6 8.6 10.6
Alto Parana 2.8 6.0 4.2 5.4 13.0 13.5 21.5 38.4
Itapua 26.0 31.1 44.9 48.6 70.4 85.5 97.3 124.9
Misiones 1.0 4.7 8.0 8.9 14.6 18.6 15.3 13,1
Neembucu 0.1 0.2 0.1 * 0.3 0.6 0.7 1.3
Canendiyu - - - - - 2.0 4.8 11.7
2. Chaco region * *
III. Tobacco 13.6 16,1 17.5 20.4 24.2 20.6 27.8 29.8
1. Eastern region 13.6 16.1 17.5 20.4 24.2 20.6 27.8 29.8
Central 0.1 * * 0.3 0.1 0.1 0.1 0.1
Cordillera 1.3 1.3 1.5 1.6 2.1 1.9 2.6 2.8
Paraguari 1.6 2.1 1.1 2.0 2.0 1.5 2.0 2.2
Caaguazu 3.7 4.6 6.0 6.0 7,9 6.8 9.0 9.6
Guaira 0.3 0.4 0.5 0.7 0.7 0.6 0.8 0.9
Caazapa 1.1 0.7 1.4 1.8 1.9 1.5 2.0 2.2
Concepcion 0.1 0.4 0.5 0.4 0.8 0.6 0.8 0.8
San Pedro 2.8 4.0 3.7 4.6 4,9 4.1 5.6 6.0
Amambay - - * - 0.2 0.2 0.3 0.3
Alto Parana 1.9 2.0 2.3 2.3 2.8 2.6 3.5 3.4
Itapua 0.4 0.4 0.3 0.3 0.5 0.4 0.5 0.6
Misiones 0.2 0.1 0.1 0.3 0.2 0.2 0.3 0.3
Neembuco 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2
Canendiyu - - - - - - 0.2 0.4
2. Chaco region *
IV. Sugarcane 40.5 39.7 28.7 28.0 28.8 30.4 31.1 33.3
1. Eastern region 37.8 37.0 26.7 26.6 27.2 28.5 29.2 31.2
Central 7.1 7.3 4.2 3.8 3.9 3.9 4.0 4.1
Cordillera 2.2 2.1 2.8 2.7 2.8 2.5 2.7 3.6
Paraguari 10.4 9.8 5.3 5.7 5.4 5.4 5,6 6.0
Caaguazu 1.7 1.1 0.8 0.3 0.5 0.6 0.6 0.7
Guaira 12.7 12,2 11.1 11.5 11.5 13.2 13.3 13.6
Caazapa 1.4 2.4 2.0 2.0 2.1 1.9 2.0 2.1
Concepcion 0.4 0.2 0,1 * 0.1 0.1 0.1 0.1
San Pedro 0.5 0.1 0.1 0.1 0.2 0.2 0.2 0.2
Amambay 0.2 0,2 * * - - - -
Alto Parana 0.1 * * * * * * 0.1
Itapua 0.1 0.8 * 0.1 0.1 0.1 0.1 0.1
Misiones 0.3 0.1 * * 0.1 0.1 0.1 0.1
Neembuco 0.7 0.6 0.3 0.4 0.5 0.5 0.5 0.5
Canendiyu - - - - - - - -
2. Chaco region 2.7 2.8 2.0 1.4 1.6 1.9 1.9 2,1
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Table 7.8: PARAGUAY - CROP PRODUCTION OF SELECTED CROPS BY AREA HARVESTED BY DEPARTMENT, 1976-77
Corn Mandioca Beans Sugarcane Cotton Wheat Soybeans Rice Peanuits Tobacco
Eastern Region 281.0 113.1 84.9 31.3 194.0 28.4 228.8 33.9 17.6 29.8
Central 8.8 6.9 3.2 4.1 3.7 0.1 0.1 - 0.4 0.1
Cordillera 20.2 20.1 5.1 3.7 20.1 0,5 2.2 1.6 2.1 2.8
Paraguari 38.7 15.8 11.0 6.0 41.4 0.7 4.4 2.6 2.9 2.2
Caaguazu 35.5 14.3 9.5 0.7 33.9 2.7 6.4 1.2 2.5 9.6
Guiaira 17.0 9.9 4.8 13.6 8.0 0.1 3.6 0.4 0.8 0.9
Caazapa 15.1 5.9 4.7 2.1 9.2 - 3.4 0.7 1.4 2.2
Subtotal 135.3 62.9 38.3 30.2 116.3 4.1 20.1 6.5 10.1 17.8
Concepcion 12.9 7.5 5.9 0.1 12.2 - 1.1 0.2 0.8 0.8
San Pedro 22.3 9.8 6.5 0.2 18.6 8.3 7.6 0.9 1.3 6.0
Subtotal 35.2 17.3 12.4 0.3 30.8 8.3 8.7 1.1 2.1 6.8
Amambay 10.1 2.2 5.5 - 0.9 1.1 10.6 4.7 0.7 0.3
Alto Parana 21.9 7.6 6.9 0.1 6.0 0.5 38.4 1.3 0.6 3.4
Subtotal 32.0 9.8 12.4 0.1 6.9 1.6 49.0 6.0 1.3 3.7
Itapua 41.8 13.2 6.3 0.1 18.9 10.4 124.9 7.0 1,7 0.6
Misiones 12.9 3.9 3.3 0.1 11.1 2.8 13.1 6.8 0.3 0.3
Neambucu 12.7 3.6 6.2 0.5 7.6 - 1.3 - 1.5 0.2
Subtotal 25.6 7.5 9.5 0.6 18.7 2.8 14.4 6.8 1.8 0.5
Canendiyu 11.1 2.4 6.0 _ 2.4 1.3 11.7 6.5 0.6 0.4
Total 282.1 113.5 86.2 33.3 200.2 28.4 228.8 33.9 22.6 29.8
Corn Mandioca Beans Sugarcane -/ Cotton Wheat Soybeans Rice Peanuts Tobacco
Eastern Region 1,424 14,835 821 38.13 1,136 990 1,647 2,495 951 1,390
Central 933 2,288 762 18.52 1,088 1,090 1,041 - 908 978
Cordillera 1,138 11,260 698 7.05 1,064 1,136 1,379 1,777 886 1,290
Paraguari 1,227 12,999 698 33.15 1,061 997 1,281 2,013 901 1,252
Caaguazu 1,297 22,302 865 44.40 1,200 1,082 1,605 4,051 925 1,285
Guaira 1,294 14,918 938 43.60 1,118 1,112 1,395 3,064 767 1,624
Caazapa 1,275 14,683 759 47.90 1,053 - 1,437 1,578 779 1,371
Concepcion 1,392 22,626 814 - 1,080 - 1,121 2,385 879 1,115
San Pedro 1,649 18,244 945 - 1,228 1,036 1,697 2,814 1,191 1,606
Amambay 1,689 35,641 821 - 1,044 696 1,767 - - 1,033
Alto Parana 2,097 15,974 985 - 1,222 885 1,756 - 1,067 1,579
Itapua 1,624 15,102 749 3.40 1,245 938 1,645 3,036 981 1,685
Misiones 1,257 8,709 798 13.90 1,070 1,142 1,552 2,082 800 1,212
Neembucu 1,072 3,209 686 - 1,220 - 1,122 - 689 1,114
Canendiyu 1,672 32,308 985 - 1,084 874 1,741 - 1,189 1,479
Total 1,421 14,083 820 37.54 1,135 990 1,647 2,495 1,096 1,390
Corn Mandioca Beans Sugarcane 1/ Cotton Wheat Soybeans Rice 2 Peanuts Tobacco
Eastern Region 10.15 8.52 27.48 1719.00 45.46 24.15 22.96 19.86 27.57 51.27
Central 7.18 12.72 20.70 1743.00 42.99 23.49 19.12 - 24.55 52.69
Cordillera 8.09 9.94 20.98 1640.00 48.00 24.24 25.22 21.34 23.23 52.95
Paraguari 8.59 6.92 28.76 1636.00 48.89 23.16 18.37 21.56 34.56 47.63
Caaguazu 11.99 7.40 23.97 1640.00 40.44 24.37 21.11 16.52 32.14 45.42
Guaira 12.05 7.65 29.19 1733.00 46.87 22.41 20.56 17.29 27.90 50.25
Caazapa 10.75 10.05 26.76 1702.00 41.77 - 20.77 19.35 24.01 52.89
Itapua 10.12 8.09 20.64 - 44.83 24.59 23.66 18.63 26.13 54.34
Misiones 10.72 8.84 27.29 - 46.21 23.92 21.30 21.76 29.93 54.55
Neembucu 13.66 15.47 29.97 - 48,09 - 17.12 - 24.92 48.49
Canendiyu 9.47 9.39 33.36 - 40.26 24.64 25.59 - 23.35 52.64
Total 10.16 8.53 27.58 1714.00 45.75 24.15 22.96 19.86 28.37 51.27
2/ Irrigated only.
(1,000 heads)
Age and Sex Categories 1970 1971 1972 1973 1974 1975 1976 1977
A. Total cattle population 4.340.1 4,458.9 4,548.2 4,756.0 4,844.7 5,043,3 5,567.7 5,799.9
1. Cows 3 years old and over 1,708.7 1,776.0 1,776.9 1,860.5 1,895.5 1,971.6 2,175.8 2,267.9
2. Heifers 1 to 3 years old 836.4 881.5 889.1 917.7 935.7 974.4 1,075.9 1,122.4
3. Calves under 1 year old 690.0 677.2 664.7 757.9 771.2 803.5 887.4 922.3
4. Young bulls and steers 1 year old
and over 786.3 802.9 887.8 863.7 880.6 917.0 1,012.5 1,058.9
5. Breeding bulls, mixed breeds and
criollos 125.5 124.4 121.8 133.4 135.7 140.8 155.3 161.4
6. Breeding bulls, 3/4 blood and over 25.5 26.5 30.2 35.9 36.8 38.0 41.7 44.2
7. Oxen and herd leaders 167.7 170.2 177.7 186.9 189.2 198.0 219.9 222.8
F. Domestic fowl 6.628.2 6,688.2 6,881.5 8,672.1 9,121.9 9.524.4 9,863.6 10,664.7
'. Hens 2,698.5 2,508.3 2,871.6 3,985.3 4,137.3 4,319.6 4,478.5 4,430.2
2. Pullets 1,211.7 967.2 1,027.1 1,124.2 1,271.2 1,326.8 927.1 1,745.2
3. Chicken 356.5 658.1 696.6 718.4 856.6 894.2 1,374.4 1,430.1
4. Cocks and chicks 1,943.5 2,146.9 1,843.9 2,380.0 2,368.8 2,473.2 2,566.7 2,535.3
5. Ducks 216.2 217.9 221.0 226.7 243.4 259.9 265.4 271.0
6. Turkeys 30.6 28.5 36.4 39.0 40.6 42.8 42.3 42.0
7. Geese 21.9 20.4 28.9 37.2 40.2 42.1 41.6 42.4
8. Guineas 149.3 140.9 156.0 161.3 163.8 165.8 167.6 168.1
(1,000 heads)
Total Cattle % of Total Cattle in /A of Total in Total Cattle in % of Total in Growth Rate
Age and Sex Categories in Paraguay Total the Chaco Region Chaco Region Eastern Region Eastern Region l972-77(
Cows 3 years old and over 2,267.9 39.1 934.8 16.1 1,333.1 23.0 5.0
Heifers 1 to 3 years old 1,122.4 19.3 495.6 8.5 626.8 10.8 4.8
Calves under 1 year old 922.3 15.9 353.3 6.1 569.0 9.8 6.8
Young bulls and steers 1 year old and over 1,058.9 18.3 542.8 9.4 516.1 8.9 3.6
Breeding bulls, mixed breeds and criollos 161.4 2.8 61.8 1.1 99.6 1.7 5.8
Breeding bulls, 3/4 blood or more 44.2 0.8 19.9 0.3 24.3 0.4 7.9
Oxen and herd leaders 222.8 3.8 23.6 0.4 199.2 3.4 4.6
Table
7^L3: PARAGUAY- SLAUGHTEROF CATTLE A91DAVERAGEPRICES, 1972-77
Total Slaughter
Tn Thousand Eead 686-9 571-0 577.9 498&3 537.3 635.3
Thousand 1,etricTons, Live ITeight 250.9 217.7 217.5 19032 194-5 23409
Average Weight Per Head, in
Kilograms 365.2 381o2 376-3 381-7 362.1 369.8
Average Price, in Guaranies
Per Kilogram, Live Weight 37.90 51o70 56.10 41-04 42-90 45-5C
(1972 = 100)
Food 5,636 45.1 6,593 48.0 7,234 46.1 8,069 40.3 12,255 40.4 11,613 39.0 10,911 31.9 13,259 29.4
Beverages 787 6.3 768 5.6 811 5.2 1,033 5.2 1,510 5.0 1,724 5.8 2.040 6.0 2,753 6.1
Tobacco 487 3.9 494 3.6 599 3.8 607 3.0 893 3.0 956 3.2 1,069 3.1 1,142 2,5
Textiles 807 6.5 787 ,.7 970 6.2 1,430 7.1 1,915 6.3 1,894 6.4 2,298 6.7 5,482 12.1
Footwear and clothing 423 3.4 443 3.2 536 3.4 595 3.0 801 2.6 922 3.1 1,248 3.6 1,393 3.1
Wood products 502 4.0 589 4.3 705 4.5 1,241 6.2 1,863 6.1 1,937 6.5 3,510 10.3 4,732 10.5
Furniture 106 0.8 115 0.8 141 0.9 182 0.9 242 0.8 280 0.9 352 1.0 392 0.9
Paper and cardboard 15 0.1 16 0.1 17 0.1 19 0.1 35 0.1 34 0.1 35 0.1 39 0.1
Printing and publishing 215 1.7 290 2.1 284 1.8 358 1.8 487 1.6 565 1.9 672 2.0 945 2.1
Leather 575 4.6 589 4.3 893 5.7 1,303 6.5 1,746 5.8 1,220 4.1 1,460 4.3 1,639 3.6
Rubber 5 - 5 - 5 - 6 - 7 - 7 - 11 - 13 -
Chemical products 594 4.8 483 3.5 588 3.7 900 4.5 928 3.1 1,015 3.4 1,410 4.1 1,463 3.2
Petroleum products 620 5.0 730 5.3 900 5.7 1,240 6.2 3,204 10.6 3,262 11.0 3,633 10.6 4,899 10.9
Non-metallic minerals 443 3.5 437 3.2 514 3.3 559 2.8 886 2.9 1,227 4.1 1,490 4.4 1,889 4.2
Basic metals 18 0.1 26 0.2 29 0.2 31 0.2 40 0.1 47 0.2 65 0.2 43 0.1
Metal products 296 2.4 351 2.6 353 2.3 589 2.9 720 2.4 710 2.4 684 2.0 980 2.2
Machinery 33 0.3 34 0.3 35 0.2 41 0.2 53 0.2 58 0.2 70 0.2 78 0.2
Electrical appliances 5 - 5 - 5 - 6 - 9 - 9 - 10 - 12 -
Transport equipment 136 1.2 105 0.8 109 0.7 138 0.7 122 0.4 232 0.8 323 0.9 375 0.8
Others 105 0.8 118 0.9 151 1.0 202 1.0 375 1.2 362 1.2 395 1.2 459 1.0
Sub-total 11,808 94.5 12,978 94.5 14,879 94.8 18,549 92.6 28,091 92.6 28,074 94.3 31,686 92.6 41,987 93.0
Artesenia 690 5.5 753 5.5 814 5.2 1,484 7.4 2,247 7.4 1,685 5.7 2,535 7.4 3,150 7.0
Total 12,498 100.0 13,731 100.0 15,693 100.0 20,033 100.0 30,338 100.0 29,759 100.0 34,221 100.0 45,137 100.0
/1 For purposes of comparison there has been included under agroindustries the following sectors: Foods,
beveiages, tobacco, textiles, wood and leather.
Growth Rates (%
1970 1971 1972 1973 1974 1975 1976 1977 1970-75 1972-77 1976-77
Food 5,765 6,391 7,234 6,122 6,591 5,933 6,204 6,803 0.6 -1.2 9.7
Beverages 798 781 811 965 1,116 1,212 1,290 1,770 8.7 16.9 , 37.2
Tobacco 521 520 599 573 693 721 679 689 6.7 2.9 1.5
Textiles 918 793 970 1,143 1,268 1,251 1,259 2,215 6.4 18.0 75.9
Footwear and clothing 528 532 536 561 571 585 615 628 2.1 3.2 2.1
Wood products 802 883 705 1,767 2,200 2,452 2,269 2,849 25.0 32.0 25.6
Furniture 129 134 141 148 155 160 171 175 4.4 4.4 2.3
Paper and paper products 17 17 17 17 23 22 22 23 5.3 6.2 4.6
Printing 232 306 284 285 301 357 312 378 9.0 5.9 21.2
Leather 857 878 893 903 1,056 992 1,035 1,066 3.0 3.6 3.0
Rubber 5 5 5 5 6 6 7 8 3.7 9.9 14.3
Chemical products 557 589 588 661 573 694 868 795 4.5 6.2 -8.4
Petroleum products 789 790 900 1,066 948 955 1,022 1,371 3.9 8.8 34.2
Non-metallic minerals 509 571 514 534 641 784 903 1,066 9.0 15.7 18.1
Basic metals 18 26 29 27 29 31 36 36 11.5 4.4 _
Metal products 365 374 353 386 401 386 348 470 1.1 5.9 35.1 c
Machinery 40 40 35 37 38 39 41 42 -0.5 3.7 2.4
Electrical appliances 5 6 5 6 6 6 7 7 3.7 6.9 -
Transport equipment 158 116 109 122 125 154 202 215 -0.5 14.6 6.4
Others 108 114 151 180 266 239 284 299 17.2 14.6 5.3
Sub-total 13,121 13,866 14,879 15,508 17,007 16,979 17,574 20,905 5.3 7.0 19.0
Artesenii 765 804 814 1,355 1,358 1,019 1,406 1,568 5.9 14.0 11.5
Total 13,886 14.670 15,693 16.863 18.365 17.998 18,980 22.473 5.3 7.5 18.4
All Industries 31,989 39,363 39,945 42,353 43,323 47,101 46,044 47,856 56,653
Light consumer goods 30,015 30,333 31,512 31,118 33,932 31,787 33,045 39, 459
Food 19,776 22,817 23,401 23,831 22,515 24,241 21,820 22,867 25,280
Beverages 961 1,688 1,651 1,716 2,042 2,360 2, 564 2,730 3,765
Tobacco 905 821 820 945 903 1,092 1,137 1,070 1,0(4
Textiles 2,663 2,736 2,364 2,890 3,409 3,780 3,730 3 753 6,514
Shoes and clothing 1,256 1.547 1,560 1,572 1,646 1,675 1,716 1,803 1,848
Printing and publishing 321 375 494 458 461 486 577 562 675
Other 39 31 43 100 142 298 243 260 283
Intermediate goods 8,797 9,132 10,385 11,715 12,664 13,697 14,129 16,482
Lumber and wood 1,166 1U955 1,995 2,977 3,606 4,489 5,005 4,374 5,478
Furniture 215 251 261 273 288 301 310 333 342
Paper and cellulose 48 58 59 58 59 80 75 77 80
Leather 1,527 1.572 1,610 1,638 1,656 1,938 1,821 1,899 1,974
Rubber products 9 9 8 10 10 10 10 14 14
Chemicals 1x598 1,615 1,707 1,704 1,916 1,660 2,013 2,546 2,356
Petroleum derivatives - 1,678 1,681 1,916 2,268 2,018 2,033 2,255 3,048
Nonmetallic mtnerals 639 978 1,097 1,072 1,116 1,339 1,637 1,886 2,221
Basic metals 34 37 54 58 54 57 61 84 82
Metal products 406 644 660 679 742 772 732 661 887
Machinery,appliances and
transport material 285 389 322 308 337 346 395 489 515
Nonelectrical appliances 58 64 64 62 64 66 68 72 73
Electrical appliances 7 9 9 9 9 10 10 11 12
Transport equipment 171 256 188 178 201 206 253 332 352
Other 49 60 61 59 63 64 64 74 78
others 141 162 158 148 153 159 165 193 197
(1972 - 100)
All Industries 75.5 92.9 94.3 100.0 102.3 111.2 108 7 113 0 133 8
Light consumer goods 82.3 95.2 96.3 100 0 98 7 107 7 100 q 104 9 125 2
Intermediate goods 54.3 84.7 87.9 100.0 112.8 121.9 131 9 136 1 158 7
Lumber and wood 39.2 65.7 67.0 100.0 121.1 150.8 168 1 146 9 184 0
Furniture 78.8 91.9 95.6 100.0 105.5 110.3 113.6 122 0 125 3
Paper and cellulose 82,8 100.0 101.7 100.0 101 7 137.9 129.3 132.8 137.9
Leather 93.2 96.0 98.3 100.0 101.1 118.3 111.2 115 9 120.5 0
Rubber products 90.0 90.0 80.0 100.0 100.0 100.0 100 0 140 0 140 0
Chemicals 93.8 94.8 100.2 100.0 112.4 97.4 118.1 149 4 138 3
Petroleum derivatives - 87.6 87.7 100.0 118.4 105.3 106 1 117 7 159 1
Nonmetallic minerals 59.6 91.2 102,3 100.0 104.1 124.9 152.7 175.9 207.2
Basic metals 58,6 63.8 93.1 100,0 93.1 98.3 105.2 144 8 141 4
Metal products 59.8 94.8 97.2 100.0 109.3 113 7 107.8 97 3 130.6
Nonelectrical appliances 93.5 103.2 103.2 100.0 103.2 106.5 109 7 116 1 117 7
Electrical appliances 77.8 100.0 100.0 100.0 100.0 llt.l I1I 1 122 2 133 3
Transport equipment 96.1 143.8 105.6 100.0 112.9 115 7 142 1 186 5 197 8
Other 83.1 101.7 103.4 100.0 106.8 108 5 108 5 125 4 132 2
Others 95.3 109.5 106.8 1000 103.4 107.4 ll. 5 130 4 133 1
Table 8.6: PARAGUAY - ITTVFOTMFNTq APPRMP7Fn T) TTMVP T,MT 21r/s%n PROMOTION. 1971-77
n(W ThThTTTRTAT,
Food 12 34.3 121.2 68.4 28 43.8 805.3 54.6 19 20.9 549.0 32.0
Beverages 1 2.9 0.8 0.5 1 1.6 3.0 0.2 1 1.1 1.0 0.1
Tobacco - - - - 2 3.1 33.4 2.2 2 2.2 7.6 0.4
Textiles 1 2.8 5.3 3.0 - - - - 2 2.2 6.6 0.4
Footwear and Clothing - - - - 1 1.6 14.4 1.0 - - - -
Wood products 4 11.4 1.4 0.8 11 17.2 189.4 12.7 32 35.2 680.5 39.6
Furniture 1 2.9 3.8 2.1 - - - - 3 3.3 29.6 1.7 -
Paper and cardboard - - - - - - - - 2 2.2 1.7 0.1
Printing and publ shing 3 8.6 12.9 7.3 2 3.1 8.1 0.5 3 3.3 10.3 0.6
Leather - - - - 1 1.6 16.6 1.1 1 1.1 30.0 1.7
Chemical products 4 11,4 8.9 5.0 4 6.2 59.2 4.0 9 9.9 309.3 18.0
Nonmetallic minerals 4 11.4 10.9 6.0 5 7.8 172.2 11.4 4 4.4 35.4 2.1
Metal products - - - - - - - - 2 2.2 13.9 0.8
Transport eqluipment - - - - -
Other manufacturing 1 2.8 0.8 0.5 - - - - 4 4.4 2.3 0.1
Silos -
Transport (Freight and passenger) - - - - - - - - - - - -
Tourism 1 2.9 1.2 0.7 4 6.2 104.8 7.0 3 3.3 31.5 1.8
Other 3 8.6 10.1 5.7 5 7.8 80.9 5.2 4 4.4 8.6 0.5
Total 35 100.0 177.3 100.0 64 100.0 1,487.3 100.0 91 100.0 1,717.3 100.0
- 172 - Page 2 of 3
Table 8.6: PARAGUAY - INVESTMENTS APPROVED UNDER LAW 216/550 OF INDUSTRIAL PROMOTION, 1971-77
1974 1975
No. of Investments No. of Investments
Projects % (Mlns. of ¢s) % Projects ° (Mlns. of ¢s) %
Table 8.6: PARAGUAY - INVESTMENTS APPROVED UNDER LAW 216/550 OF INDUSTRIAL PROMOTION, 1971-77
1976 1977
No. of Investments No. of Investments
Projects % (Milns. of ds) % Projects % (Mlns. of ds) %
Note: For years 1976 and 1977, categories are slightly different.
Investment Own Funds Banks Suppliers Investment Own Funds Banks Suppliers
/2 Includes livestock.
(1972 = 100)
1962 1965 1970 1971 1972 1973 1974 1975 1976 1977
Agriculture 64.7 70.5 75.8 86.5 100.0 130.3 149.6 170.7 171.1 190.1
Agriculture 78.3 83.1 85.1 95.6 100.0 136.1 155.6 174.6 196.8 229.3
Livestock 51.6 56.8 59.3 72.3 100.0 125.5 141.0 165.1 140.4 137.9
Forestry 53.8 63.5 90.6 92.8 100.0 119.1 148.1 170.1 147.4 156.6
Hunting and fishing 76.2 82.0 87.3 91.6 100.0 112.8 134.0 143.6 148.5 156.3
Industry 77.7 83.3 90.8 94.3 100.0 118.2 163.8 166.7 181.0 191.9
Mining 91.2 86e8 98.6 97.0 100.0 103.2 129.9 125.8 128.9 134.7
Industry 76.2 82.0 90.0 93.6 100.0 118.8 165.2 165.3 180.3 200.1
Construction 89.0 92.0 96.0 98.0 100,0 116.1 158.6 175.5 188.3 167.1
Infrastructure 76.7 82.3 88.4 92.5 100.0 108.4 128.4 139.8 150.4 164.4
Electricity 81.8 87.8 93.6 96.2 100.0 120.9 125.9 137.5 151.9 167.5
Water and sanitation 70.5 72.7 87.3 91.6 100.0 112.8 125.9 137.5 152.0 167.5
Transport and communications 76.2 82.0 87.3 91.6 100.0 104.1 129.2 140.6 149.8 163.0
Other services 76,0 82.6 89.7 92.8 100.0 113.7 142.9 151.5 161.1 179.3
Commerce and finance 76.2 82.0 90.0 93.6 100.0 119.7 151.7 158.9 170.4 195.2
General government 76.2 82.0 87.3 91.6 100.0 112.8 128.9 135.7 149.3 190.0
Housing 74.2 89.7 93.7 93.1 100.0 103.1 142.0 161.4 165.8 167.0
Other 76.2 82.0 89.3 81.6 100,0 103.8 128.6 138.8 143.2 141.0
Gross domestic product at m.p. 71.7 77.8 84.9 90.9 100.0 120,0 148.5 160.2 167.5 184.5
(1972 = 100)
1973 138.0 175.0 126.8 115.3 118.9 124.7 104.5 120.1 111.8 126.7 105.8 110.4 100.0
1974 180.1 209.0 172,5 160.2 147.5 204,8 135.1 213.4 152.5 218.3 135.7 204.1 100.0
1975 207.4 264,3 166.0 162.9 148.9 212,9 168.5 216.4 164.2 242.7 170.6 314.4 100.0
1976 209.7 270.8 154.2 163.6 155.1 193.6 172.4 215.4 164.6 206.5 175.5 315.6 119.0
1977 226.5 293.2 179,7 168.2 172.1 213,5 176.6 275.5 180.3 194.2 180.5 314.8 142.9
1977 January 218,0 287.1 163.4 164.3 160.6 204.3 169.3 238.0 165.2 193.6 175.5 281.4 128.6
February 222.2 298.1 163.4 163.7 160.7 204,3 169.3 239.3 165.1 196.9 175.2 281.4 128.6
March 245.0 348.8 175.7 164.9 160.7 218.1 169.3 279.4 175.3 196.0 174.2 286.3 128.6
April 227,8 300.7 176.1 165.4 166.6 218.1 169.4 282.6 175.8 201.5 176.4 286.3 128.6
May 232.1 301,7 176.1 169.4 165.1 218.1 169.4 322.2 183.3 198.1 178.3 330.2 128.6
June 226,0 284.8 176.1 170.1 164.4 218.1 169.4 322.4 183.3 197.5 180.2 330.2 128.6
duly 226.3 282.0 187.6 171.2 172.9 204.4 169.4 322.5 185.2 196.3 181.0 330.2 157.1
August 224.6 286.3 187.6 170.1 179.7 205.7 169,4 261. 2 185.2 195.6 182.1 330.2 157.1
September 216.6 263.7 190.0 170.0 182.4 206.9 190.9 255.7 181.1 197.0 185.8 330.2 157.1
October 234.2 308.6 190.0 169.8 183.7 220.7 190.9 260.7 178.4 188.3 186,1 330.2 157,1
November 220.3 272.9 184.0 169,6 184.1 221.8 191.0 256.5 192.5 185.0 185.8 330.2 157,1
December 225.3 284.2 186,0 170.1 184.1 221.8 191.0 265.8 193.5 185.0 185.6 330.2 157.1
1978 January 225,2 282.4 187.2 168.8 186.8 208.9 194.3 278.1 199.6 185.3 186.5 340.3 157.1
February 239.6 318.8 187.2 170.3 186.8 208.9 194.3 278.1 204.8 185.3 186.1 349.3 157.1
March 232,0 299.6 187.2 169.9 188.8 208.9 205.2 282,3 203.3 185.3 181.0 337.5 157.1
April 235.6 307.5 186.0 170.5 189.4 223.5 205.2 282.0 206.3 185.3 180.8 337.5 157.1
May 239.4 316.4 186.0 173.8 193.9 223.5 205.3 279.3 208.8 185.3 174,6 337.5 157.1
June 236.0 307.0 186.0 174.4 194.1 223.5 205.3 279.5 208.2 185.3 174.7 337.5 157.1
July 253.1 348.7 192.6 174.8 193.9 237.7 204.1 280.8 208.7 191.9 178.8 334.5 157.1
August 258.0 360.6 197.1 176.0 193.9 237.7 204.1 279.8 208.7 191.9 179.0 334.5 157.1
September 271.1 395.2 192.6 177.5 197.4 237.7 206.5 262.3 218.8 189.8 182,4 334.5 157.1
(1964 = 100)
General
Food Housing Clothing Others Index
Note: This index measures the changes in prices of a fixed basket of goods
and services consumed regularly by the working class (obreros)
families in Asuncion.
Source: CentralBank
- 178 -
Table 9.4: PARAGUAY _ MINIMUM WAGES AND WAGE INDEX FOR LABORERS/a, 1969-78
1978
Semester 1 200.3 238.0 188.2 189.3 188.8 187.4 197.5
Minimum Wages, 0 per day 1964 April 1971 October 1973 March 1974 February 1978