PARAGUAY

Paraguay

THE OFFICIAL SALARY IN PARAGUAY IN 2020:

Average salary – 2,800,000 Paraguayan Guaraní per month ($420)

Minimum wage – 2,192,839 Paraguayan Guaraní per month ($330)

Source: Government of Paraguay and international recruitment agencies

Paraguay is located in South America and is landlocked. It shares borders with Argentina in the south and south-west, with Bolivia in the north-west and with Brazil in the east and north-east.

INFORMATION ABOUT PARAGUAY (2020) 
Population 7.1 million
Average life expectancy  74 years
Unemployment rate 5.7%
Inflation  2.5%
Square 406 752 km²
Form of government Dominant-party presidential republic
Income tax 10%
Capital Asunción
Currency Guaraní
Official Language Spanish, Guarani
Doing Business rank 125
© 2020 WageCentre.com. All Rights Reserved.