| Area Total | 406,752 sq km |
| Climate | subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west |
| Natural Resources | hydropower, timber, iron ore, manganese, limestone |
| Imports | $11.35 billion (2017 est.) partners: China 31.3%, Brazil 23.4%, Argentina 12.9%, US 7.4% (2017) |
| Exports | $11.73 billion (2017 est.) partners: Brazil 31.9%, Argentina 15.9%, Chile 6.9%, Russia 5.9% (2017) |
| Government | presidential republic |
| Capital | Asuncion |
| Population | 7 million (July 2018 est.) |
| Ethnicity | mestizo (mixed Spanish and Amerindian) 95%, other 5% |
| Language | Spanish (official) and Guarani (official) 46.3%, only Guarani 34%, only Spanish 15.2%, other (includes Portuguese, German and other indigenous languages) 4.1%, no response 4% (2012 est.) |
News about Paraguay
- South Korean mission exploring possible Paraguayan meat purchases
on August 30, 2025A South Korean business delegation, including representatives from the Korea Meat Import Association, is in Paraguay this week to assess its meat industry. This marks the first time Korean private-sector leaders have visited the South American country before an official market opening, signaling confidence in the process.
- Paraguay's Senate wants to explore shifting from Taipei to Beijing ties
on August 29, 2025Paraguay's Senate has requested a report from the Foreign Ministry as to the reasons for the country's continued diplomatic recognition of Taiwan instead of mainland China. Paraguay is currently the only South American nation to formally recognize Taiwan.
- Milei's trip next month to Paraguay announced
on August 28, 2025Argentina's Ambassador to Asunción, Guillermo Nielsen, announced Wednesday during a meeting with Senate Speaker Basilio "Bachi" Núñez that President Javier Milei would be visiting the neighboring country on Sept. 15 and 16.
- Paraguayan Govt advises against traveling to Venezuela
on August 25, 2025The Paraguayan Government, under President Santiago Peña, has issued a travel advisory for its nationals, advising them to stay away from Venezuela or leave the country at the earliest, considering that Asunción does not have an embassy or consulate in that territory and therefore its ability to assist people in distress is limited.
- Peña holds key meeting with US Southern Command Chief
on August 25, 2025US Southern Command (Southcom) Chief, Admiral Alvin Holsey, has met with Paraguayan President Santiago Peña to strengthen the strategic alliance between the two countries. President Peña awarded Holsey the Order of Merit of the Armed Forces, Paraguay's highest military decoration, in recognition of his support for the South American nation.
- Paraguay declares Cartel de los Soles a “terrorist organization”
on August 22, 2025Paraguayan President Santiago Peña has signed a decree officially declaring the Cartel de los Soles an “international terrorist organization,” it was announced in Asunción. The Government argued that the measure highlighted its commitment to fighting transnational crime and protecting national sovereignty.
- Moody's upholds Paraguay's investment grading
on August 21, 2025The international rating agency Moody's on Tuesday reaffirmed Paraguay's sovereign rating at "Baa3", maintaining a stable outlook. This rating, considered an investment grade, is the result of the South American country's strong economic performance, fiscal discipline, and institutional stability. The Baa3 rating entails lower financing costs, with better […]
- Brazil donating 20 Urutus armored vehicles to Paraguay
on August 18, 2025Brazil is donating 20 EE-11 Urutu armored vehicles to the Paraguayan Army to help modernize its military and strengthen regional defense cooperation. The donation will increase Paraguay's fleet of Urutu vehicles from 12 to 32.
- Paraguay: Peña appoints official under investigation for fraud
on August 18, 2025In a controversial move, Paraguayan President Santiago Peña appointed Bella Rosa Flores Benítez as the new Deputy Minister of Family Farming. The new official faces fraud, falsifying public documents, and criminal association charges from Prosecutor José Godoy after she was accused of selling a 165-hectare property in 2021 that was not hers.
- Uruguay interested in increased Paraguayan barge traffic
on August 16, 2025Uruguay is in talks with Asunción to improve the flow of Paraguayan barge fleet – the world's third-largest – through the port of Montevideo. In addition, extra berths have been requested at the port of Nueva Palmira.
