| 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
- EU Commission indicates it's ready to implement Mercosur trade deal despite parliament vote to delay
by David McHugh on January 23, 2026The European Union is ready to implement a free trade agreement with the Mercosur group of South American countries on a provisional basis
- With Milei present and Lula absent, Mercosur and EU sign landmark deal in Asunción
on January 18, 2026The European Union and South America’s Mercosur bloc signed their long-negotiated association and free trade agreement on Saturday in Paraguay, with Argentina’s President Javier Milei attending the ceremony and Brazil’s Luiz Inácio Lula da Silva absent, represented instead by his foreign minister.
- Mercosur and EU sign historic trade agreement in Asunción after 26 years of negotiations
on January 17, 2026On January 17, 2026, the Mercosur bloc and the European Union (EU) will formalize a comprehensive association and free trade agreement in Asunción, Paraguay, marking the culmination of nearly 26 years of negotiations, according to international and regional news outlets.
- Brazil transfers military equipment to Uruguay and Paraguay to bolster regional security
on January 16, 2026Brazil has enacted two laws formalizing the transfer of military aircraft and equipment to Uruguay and Paraguay, as part of an initiative to upgrade operational capabilities of neighboring countries and enhance regional security, Agência Brasil reported.
- Pressure mounts for Foreign med students in Paraguay to be proficient in Spanish and Guarani
on January 14, 2026The Paraguayan Medical Circle (CPM) has issued a formal demand for strict linguistic competency requirements for all foreign medical students. The guild insists that non-native speakers must obtain official certifications in Spanish and Guaraní as a prerequisite for enrollment and clinical practice.
- Asunción's Airport cleared to handle US-flagged aircraft
on January 10, 2026Asunción's Silvio Pettirossi International Airport has been cleared by the United States government to resume direct commercial flights, marking a significant milestone for Paraguayan aviation.
- EU-Mercosur deal to be signed in Asunción on Jan. 17
on January 9, 2026The Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will be signed in Paraguay on Saturday, Jan. 17, Argentine Foreign Minister Pablo Quirno confirmed on Friday, following the decisive round of voting in Brussels, where France and its allies failed to reach the minimum number to topple the initiative.
- Paraguay's Peña approves of Maduro's arrest and wishes Venezuelans all the best
on January 5, 2026Paraguayan President Santiago Peña celebrated Washington's intervention in Caracas to hold Bolivarian leader Nicolás Maduro Moros accountable before a New York court of law.
- Paraguayan group buys over major Uruguayan retail business
on January 3, 2026Paraguay's Grupo Vierci has signed a binding agreement to acquire 100% of GDN Uruguay's shares, encompassing key retail brands including Supermercados TaTa, Farmacia San Roque, BAS apparel, MultiAhorro Hogar home goods, and wholesale chain Frontoy.
- Paraguayan President highlights economic growth and 3.1% inflation
on December 31, 2025The Central Bank of Paraguay (BCP) announced on Tuesday that the country has concluded 2025 with an annual inflation rate of 3.1%, successfully meeting its target range and demonstrating a trend of continued macroeconomic stability.
- Paraguay handed over Mercosur pro-tempore presidency
on December 22, 2025The 67th Southern Common Market (Mercosur) Summit concluded on Saturday in Foz do Iguaçu, with Paraguay officially assuming the bloc's pro-tempore presidency from host Brazil. Amid a backdrop of geopolitical friction and trade delays, Paraguayan President Santiago Peña outlined a pragmatic six-month agenda focused on economic openness and regional […]
