Santa María, Paraguay Santa María, Paraguay Santa María de Fe is a town and district located in the Misiones Department in Paraguay, located about 15 km from the city of San Ignacio. The district of Santa María de Fe is located in the Eastern Region of Paraguay. It's located 253 km south of Asuncion, the capital of the country, one arrives at Santa Maria, taking the National Route Number 1, and then taking a detour between the cities of San Ignacio and Santa Rosa. The district of Santa María is bordered by the following districts: According to the 2002 Census, Santa María has
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