Politics of Paraguay freely elected. The workplace of the President of Paraguay is the Palacio de los López, in Asuncion. The Presidential Residence is Mburuvichá Roga, also in Asuncion. Once presidents leave office, they are granted by the Constitution the speaking-but-non-voting position of Senator for life. In Paraguay, the post of First Lady is official, and thus the Office of the First Lady the Nation of the Republic of Paraguay was created. According to Paraguayan law, this office depends structurally and financially upon the Presidency of the Republic. The office exercises mainly social functions, but also those related to health, through the REPADEH
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