Constitutional republic, capitalism
Paraguay used to be owned by Spain but claimed independence in 1811. The two official languages are Guaraní and Spanish. Guaraní also refers to their monetary system. President Horacio Cartes has done a good job with keeping on good terms with other countries. There are very little conflicts.
Capital city: Asuncion
Full name: Nuestra Señora Santa María de la Asuncion
Our Lady Saint Mary of the Assumption
Large City: Ciudad del Este
Large City: San Lorenzo
Imports and exports
Paraguay imports vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, and vehicle parts from Brazil, Argentina, China. They export soybeans, feed, cotton, meat, edible oils, wood, and leather to Brazil, Uruguay, Switzerland, and Argentina.