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Economy of Asuncion


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In terms of commerce, this sector has grown considerably in recent years stretching towards the suburbs where shopping malls and supermarkets have been built. Paraguay's only stock exchange, the BVPASA, is located here. The city itself is listed on it, as BVPASA:MUA.

In Asuncion, the most important companies, businesses and investment groups are headquartered. This city is the economic center of Paraguay, followed by Ciudad del Este and Encarnaci�n.

The distribution of the economically active population varies across economic sectors and indicates that this population is principally involved in the tertiary sector (trade and services), taking up to 8 out of 10 individuals. The secondary sector (industry and construction) accounts for 16% of the economically active, while the share in the primary sector (agriculture) is negligible, since Assumption is a strictly urban area. On trade, this area has developed considerably in recent years, moving from the historic center to the suburbs, where they extend shopping, shopping and business trips.

Major international banks have their headquarters in the capital, among them we find Citibank, Itau Bank, HSBC, BBVA, etc. While among the Paraguayan capital banks are the National Development Bank, Family Bank, Bank Amambay, Regional Bank, the Bank Vision, etc.26 At the same time, the Central Bank of Paraguay has its headquarters in this city.

Municipal expenditures budgeted and executed in Asunci�n totaled $ 544 441 in 2008. Of this amount $ 408 364 were executed, the balance of $ 136 077 was transferred the next year presupuestario.28 surveys have been conducted in 144 cities on the planet to find out the cheapest for foreign staff. The survey revealed that Asuncion is the cheapest and support rigorously the title for the fifth consecutive year
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