Reference

Paraguay - Wikipedia, the free encyclopedia
"Paraguay, officially the Republic of Paraguay (Spanish: República del Paraguay, Guaraní: Tetã Paraguái), is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de América, or the Heart of America. ..."

Measures of Freedom

Level of Economic Freedom, Economic Freedom of the World
2009: 6.57 (out of 10)
Paraguay | Freedom House, Freedom in the World 2012
2012: Status: Partly Free, Political Rights: 3, Civil Liberties: 3