San Alberto, Paraguay source of economic income of the district. San Alberto, Paraguay San Alberto is a city in the Alto Paraná department of Paraguay. It is one of the districts of Northern Alto Paraná and is located about 439 km. from the capital Asunción. San Alberto has seen a rapid development and today is the main city in Northern Alto Paraná. The city was founded by Alberto Fernández Valenzuela, a captain of the Paraguayan navy, who was president of the Empresa Colonizadora Industrial Mbaracayu S.A., initially was known as Gleba 6 and belonged to the district of Hernandarias. The inhabitants are mostly
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