Paraguay River 98% of the country's inhabitants. As such the river is considered perhaps the key geographical feature of the country with which it shares its name. Some after flowing through the middle of Paraguay, at the confluence with the Pilcomayo River and passing the Paraguayan capital city, Asunción, the river forms the border with Argentina, flowing generally south-southwesterly for another before it reaches its end, joining with the Paraná River. The Paraguay River is the second major river of the Rio de la Plata Basin, after the Paraná River. The Paraguay's drainage basin, about , covers a vast area that includes
Paraguay Estigarribia air base, a sprawling complex built in 1982. Paraguay consists of seventeen departments and one capital district ("distrito capital"). It is also divided into 2 regions: The "Occidental Region" or Chaco (Boquerón, Alto Paraguay and Presidente Hayes), and the "Oriental Region" (the other departments and the capital district). These are the departments, with their capitals, population, area and the number of districts: The departments are further divided into districts ("distritos"). The macroeconomy in Paraguay is characterized by a historical low inflation rate – 5% average (in 2013, the inflation rate was 3.7%), international reserves 20% of GDP and twice