Mineral industry of Paraguay a cement mill in the city of Mariano roque alonso in Paraguay. The mill would have an annual production capacity of 200,000 t, which would be sold domestically and internationally. The plant is expected to meet about 25% of the future cement needs of Paraguay. Paraguay has no proven natural gas reserves and no domestic production and does not consume natural gas. In June 2006, however, the governments of Bolivia and Paraguay approved a plan to construct a pipeline from southern Bolivia to Asuncion, Paraguay. The pipeline would have an initial capacity of 700 million cubic feet per day and
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