Geology of Paraguay Basin. These tholeiites were erupted in the Early Cretaceous in association with the initial opening of the South Atlantic. The Cretaceous volcanism did also created minor outcrops of potassic alkaline volcanics in a graben structure developed between Asunción and Villarrica and in Amambay Department. Cretaceous volcanism did also left small units of sodic alkaline rocks in Misiones Department in southern Paraguay. Geology of Paraguay The country of Paraguay lies geologically at the borderzone between several cratons. Due to thick Cenozoic sediment cover and regolith development few outcrops are available in Paraguay. East of Paraguay River that Precambrian and Early Paleozoic
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