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In the disastrous War of the Triple Alliance (1865-70), Paraguay lost two-thirds of all adult males and much of its territory. It stagnated economically for the next half century. In the Chaco War of 1932-35, large, economically important areas were won from Bolivia. The 35-year military dictatorship of Alfredo STROESSNER was overthrown in 1989, and, despite a marked increase in political infighting in recent years, relatively free and regular presidential elections have been held since then.
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Country
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Surface Area: 406,750 square km
Population: 6,191,368 (July 2004 est.)
Located in: Central South America
Capital City: Asuncion
Head of State: Nicanor DUARTE Frutos
Prime Minister: Nicanor DUARTE Frutos
Independent since: 14 May 1811 (from Spain)
Currency: Guarani (PYG)
Flag (image): 
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