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Paraguay means `water that goes to the water`, Itaipú hydroelectric power plant, on the Paraná River at the Brazil and Paraguay border, is one of the largest hydroelectric power plants in the world, Bolivia, Paraguay and Brazil share world's largest freshwater wetland, the Pantanal., Paraguay and Bolivia are the only two landlocked countries in South America, Paraguay has one of the most homogeneous populations in Latin America as, about 95% of the country`s population belongs to a major ethnic group, mestizo, The River Paraguay divides the country into two regions: the west, also known as the Chaco, and the east. Most of the people live in the east of Paraguay - only two to three percent of the population lives in the Chaco.

  Paraguay Facts & Figures
Latitude and Longitude 24º 00' S, 57º 30' W
Area 407000 km2
Capital Asuncion
Time Zone UTC-4
Official Name Republic of Paraguay
Currency Guarani (PYG)
Government Constitutional Republic
Legislature Bicameral
Population 6831306
Independence Date 05/14/11
International Dialing Code 595
ISO Code alpha-3 PY
ISO Code alpha-2 PRY
GDP per Capita (PPP) $4,000.00
Climate Type Tropical and Subtropical
Major Language(s) Guarani (official), Spanish (official)
Major Ethnic Groups Mestizo
Major Religious Groups Christian (Roman Catholic\, Protestant)
Administrative Divisions 17 Departments (departamentos) and 1 Capital City
Neighbouring Countries Argentina, Bolivia, Brazil
Major Industries Agriculture, Beverages, Construction material, Textile, Timber products, Steel, Metal, Sugar
Natural Resources Timber, Iron ore, Limestone, Manganese, Hydelpower