According to the World Bank, Paraguay’s economy has been steadily increasing for the past 15 years. The unemployment rate of Paraguay has also fallen by an overall amount of 49%.
Regarding Paraguay is a rich or poor country, the poverty rate has been declining. However, the rate still remains high in the rural areas of Paraguay, with ⅓ of the population living below the poverty line.
In terms of monetary exchange, the US dollar widely accepted within Paraguay. This is due to the maintenance of a free monetary exchange policy and the purchase and sale of foreign currencies are not subject to any controls or regulations.