Fastest growth in South America bar Guyana, two investment-grade ratings and a surging currency. Inside the Paraguay economy boom, and its real risks.
In-Depth · Paraguay
Key Facts
—The growth. Paraguay grew about six and a half percent in 2025 and is set to lead South America bar oil-rich Guyana through 2028, on World Bank numbers.
—The ratings. Two of the three big agencies now rate the country investment grade: Moody’s since 2024 and S&P since December 2025.
—The currency. The guaraní gained roughly seventeen percent on the dollar in 2025, among the strongest runs in the region.
Economy · Paraguay Key Facts —The ambition. Paraguay wants to join the OECD, the club of mostly rich economies, and President…
Paraguay tourism growth led the world for a second year running in early 2026, up 46%, even as the rest of South America saw…
After years of steady macroeconomic management and strong agricultural exports, Paraguay has an opportunity to move from…
Paraguay is overhauling its stock market, adopting global technology and custody links to open the small economy to foreign…
The country hopes to build a big tech sector, fuelled by its vast amount of cheap hydroelectricity.
Paraguay must double its power generation capacity by 2030 to avoid a supply crisis, as domestic demand rises, infrastructure…
