In Paraguay, while agriculture contributes 28 percent of the GDP, 21
percent comes from industry and 51 percent comes from services (1999
est.). Some 45 percent of the population depends on agriculture,
particularly subsistence farming. Agricultural concentrations include
livestock, lumber, and a variety of crops, which depend heavily on the
varying climate and conditions. The industrial sector experienced a boom
in hydroelectric power and construction during 1980, but since then
hydroelectricity accounts for most of the industrial sector output.
Trade and transport dominate the service sector, which has yet to fully
realize its potential in areas such as banking and tourism. The tourist
industry is developing in Asunción, but outside of the capital,
tourism is virtually nonexistent.