Concepción, Paraguay the city with Pedro Juan Caballero and Asunción. Concepción has a tropical savanna climate (Köppen: "Aw") with abundant annual precipitation, although possessing a highly prominent summer peak. Summers are very hot, rainy and often oppressively humid. Severe thunderstorms are very common in the summer, and have the capability to dump copious amounts of rainfall in a short period of time, along with destructively high winds and occasional hail. Winter is much drier and considerably cooler, with near drought-like conditions often prevailing. Concepción, Paraguay Concepción () is a city & district in northern Paraguay and capital of the Concepción Department. It
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