Villa Elisa, Paraguay works in the capital of the country. Villa Elisa, Paraguay Villa Elisa () is a city in the Central Department of Paraguay on the outskirts of Asuncion. It was the only colony that was inhabited by Swedish people in Paraguay and today is one of the most important and active cities that are part of the Metropolitan Area of the capital. Villa Elisa is an urban city and borders with Asuncion, in the Defensores del Chaco Ave some 16 km away from Asuncion's city centre. It was founded on March 22, 1938. After the Paraguayan War, Paraguay with its population
Economy of Paraguay Economy of Paraguay Paraguay has a market economy highly dependent on agriculture products. In recent years, the economy has grown as a result of increased agricultural exports, especially soybeans. Paraguay has the economic advantages of a young population and vast hydroelectric power but has few mineral resources, and political instability has undercut some of the economic advantages present. The government welcomes foreign investment. Paraguay is a middle-income country that changed rapidly in the 1970s and 1980s as a result of hydroelectric development, agricultural colonization, construction, and cash crop exports. Nevertheless, the country's gross domestic product (GDP) in 1986 was approximately