Paraguay Market Report


Despite being one of the poorest countries in


South America, Paraguay has seen a steady growth over the last decade, with an average annual GDP growth rate of 3.2 per cent, rising to six per cent in 2025. Around 80 per cent of its direct exports rely on agriculture (soybeans), livestock (beef), and hydropower, meaning the country is vulnerable to weather conditions and commodity price changes. For the first time in history, Paraguay achieved


Heroes del Chaco, which crosses over the Paraguay River connecting Asuncion to Argentina via the Route PY09 and the Corredor Bioceanico (CBV). Te bridge was opened in 2024 and sees around 10,000 vehicles a day, relieving traffic congestion on the Remanso Bridge just 8km downstream. Te CBV is a transnational project improving


connectivity and stretching from Brazil’s Atlantic coast (Porto de Santos) to Chile’s Pacific coast (via Paraguay and Argentina). It is designed to promote trade, transport, and economic growth by establishing a continuous


transit route across the continent. It spans more than 2,200km and is due to be completed late this year or early 2027. Paraguay is the fourth-largest exporter of soy-


beans in the world, and currently, the main route for transporting goods is via the Panama Canal. It is estimated that once the new highway is com- pleted, it will generate savings of 25 per cent for the entire production sector and cut 8,000km and two weeks off travel time. Te aim is to provide easier and quicker access to lucrative markets in East Asia.


an investment-grade credit rating from two of the three major credit rating agencies, reflecting years of sound monetary and fiscal policies. Te country has also managed to reduce its


poverty rate from 50 per cent in 2003 to 20.1 per cent in 2024 although inequality is still high, with many struggling to survive beneath the new luxury developments and skyscrapers. Many blame the government for the high cost


of living, saying it was late in taking action with the surge in inflation rates a couple of years ago. In particular, health care, fuel, and grocery prices have all risen significantly, whilst crime is also on the increase alongside unemployment (4.5 per cent).


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