Eusebio Ayala, Paraguay Eusebio Ayala, Paraguay Eusebio Ayala is a city and district of the Cordillera Department, Paraguay. It is named after Eusebio Ayala, a former President of Paraguay. It is located approximately 72 km of the city of Asuncion, capital of the Republic of Paraguay. This city lies on the right bank of the stream Piribebuy, being axis road from where routes depart inside and outside the department. It is well known for being the birthplace of the famous Chipa Barrero and for being located next to the fields of Acosta Ñú, where children were slain in a battle during the Paraguayan
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