Villa Elisa, Paraguay Villa Elisa, Paraguay Villa Elisa () is a city in the Central Department of Paraguay on the outskirts of Asuncion. It was the only colony that was inhabited by Swedish people in Paraguay and today is one of the most important and active cities that are part of the Metropolitan Area of the capital. Villa Elisa is an urban city and borders with Asuncion, in the Defensores del Chaco Ave some 16 km away from Asuncion's city centre. It was founded on March 22, 1938. After the Paraguayan War, Paraguay with its population devastated and poor, was receiving European immigrants,
Economy of Paraguay on food and beverages. Wood products, paper products, hides and furs, and non-metallic mineral products also contribute to manufacturing totals. Steady growth in the manufacturing GDP during the 1990s (1.2 percent annually) laid the foundation for 2002 and 2003, when the annual growth rate rose to 2.5 percent. Paraguay relies almost solely on hydroelectric power to meet its energy needs. The Itaipú Dam, completed in 1984, has the world's second largest power-generating capacity: 13.3 gigawatts. The dam is located on the Paraguay River, and Paraguay and Brazil evenly share the ownership, operation, and electricity generated. Additionally, Paraguay co-owns another major