Today tourism is one of Paraguay’s fastest-growing
sectors, recording historic gains. Paraguay has managed to capture international attention thanks to a strategy
focused on promoting authentic experiences, developing tourism infrastructure, hosting international events, and committing to sustainable tourism.
For operators looking to expand their footprint in Latin America, Paraguay is looking increasingly promising: regulations have been updated, the gambling board has been –restructured and municipal governments are now under increasing legal pressure to crackdown on illegal slots.
ECONOMIC GROWTH In recent years, Paraguay has stayed among the most politically and economically stable nations in the region, despite volatility in Argentina and Brazil. According to the World Bank, Paraguay has kept a steady growth trajectory since the early 2000s.
From 2002 to 2022, the economy expanded at about 3.6 per cent annually, outpacing the regional average and other upper- middle-income countries. Tis stronger growth helped reduce poverty, while income inequality, has declined from 57.3 to 45.3 points during the same period. Recently Te World Bank described “Paraguay’s achievements in this regard as “remarkable” stating that “with a growing economic base, the country is well-positioned to continue advancing.”
Te country has also implemented key reforms that have boosted stability and prosperity. Indeed during current President Santiago Peña’s tenure, the Paraguayan economy has grown significantly. At the beginning of 2025, Paraguay had the highest GDP growth of any Latin American nation. In more good news for the country in October Santiago Peña announced that Fitch Ratings had improved Paraguay's rating from stable to positive. Te president emphasised that Fitch Ratings is "yet another rating agency that recognises " that
JAMES MARRISON Informar! Editor G3 Media
Paraguay is "on the right track " in economic matters.
TOURISM ON THE RISE Paraguay, with its breathtaking natural beauty and rich, unusual history, has long flown relatively under the radar. Yet visitors are discovering that it offers an array of things to experience such as the 17th-century UNESCO-listed Jesuit Missions, the jaw-dropping Saltos del Monday waterfalls, the monumental Itaipú Dam, as well as humid subtropical forests and the untamed wilderness in the Chaco located in Paraguay’s Western Region. At the same time the capital, Asunción, known as the “Mother of Cities,” offers a vibrant blend of colonial history and growing modernity.
Today tourism is one of Paraguay’s fastest-growing sectors, recording historic gains. Paraguay has managed to capture international attention thanks to a strategy focused on promoting authentic experiences, developing tourism infrastructure, hosting international events, and committing to sustainable tourism.
In July 2025 the National Tourism Secretariat (Senatur) announced that Paraguay is positioning itself as the fastest- growing tourist destination in the world, with a 53% increase in international tourist arrivals during the first quarter of 2025, compared to the same period of the previous year. Tis was revealed by the UN Tourism report, which placed the country ahead of major tourist destinations such as Brazil (48%), Chile (48%), and Vietnam (30%).
Tis recognition reflects the joint effort between the public and 211
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