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Paraguay
Paraguay · PRY · South America
25
Risk Score
Guarded→ Stable
Risk Factors
No recent events in pipeline
Overview
Paraguay, a landlocked nation in South America, maintains a stable democratic government. Its economy is heavily reliant on agriculture and hydropower, making it vulnerable to commodity price fluctuations and climate change. The country seeks to expand its industrial base and improve infrastructure to foster more diversified growth and regional integration.
Leadership
Santiago Peña
President
Government: Presidential Republic
Rubén Ramírez Lezcano
Carlos Fernández Valdovinos
Óscar González
Economy
GDP
$58.0B
GDP per Capita
$7.8K
GDP Growth
+4.2%
Inflation
3.8%
Unemployment
5.8%
Agriculture (soybeans, beef)HydropowerManufacturingServices
Trade
Key Exports
SoybeansBeefElectricityCerealsVegetable oils
Key Imports
MachineryPetroleum productsVehiclesChemicalsElectronics
Top Partners
BrazilArgentinaChileRussiaUSA