Immigration to Paraguay to the 2002 census, 84,2% of immigrants in Paraguay come from Brazil and Argentina. The first Europeans to arrive in what is now Paraguayan territory were Spaniards who left a palpable cultural heritage even today. The government of Carlos Antonio López was marked by a period of international openness including immigration and attracting settlers to populate the country. Geographically, Paraguay can be divided into two parts: The Chaco or Western Region, and the Eastern Region, where Asunción is located, as well as the other main cities of the country. The Chaco is the largest region by area with about 60%
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