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    Facts and Figures: Paraguay

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    Facts About Paraguay

    Reviewed by Kathleen Peddicord

    Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


    Here you will find our Paraguay facts and figures, including; population data, languages spoken, currency and exchange rate, government system and leaders, chambers of commerce, and much more.

    Information TypeParaguay Data
    Population7,132,538 (June 2020 est.)
    Gross Domestic Product PPP (GDP)$43 billion (2020 est.)
    GDP Per Capita$5,700 (2020 est.)
    Inflation Rate2.9% (2020 est.)
    CurrencyParaguayan guaraní
    Exchange Rate Versus U.S. Dollar6,719 (2020 est.) guaraní per U.S. dollar
    LanguagesSpanish (official), Guarani (official)
    CapitalAsunción
    Capital City Population3.279 million (2020)
    Time ZoneGMT – 4 (One hour ahead of Washington, DC, during Standard Time)
    Seasons (Climate)subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west
    International Dialing Code595
    Electricity220V-240V (Plug type: CEE7/4, CEE7/16, Schuko)
    System of Governmentpresidential republic
    Name of Current LeaderPresident Mario Abdo Benítez
    Sales Tax10%
    Restrictions on Foreign
    Ownership of Property
    N/A
    Local Chamber of CommerceChamber of Commerce of Paraguay
    Estrella 550,
    Encarnación, Asunción, Paraguay
    T : (21) 493-321
    F : (21) 440-817
    American Chamber of CommerceParaguayan-American Chamber of Commerce
    25 de Mayo 2090 esq. Mayor Bullo.
    Barrio Ciudad Nueva
    Tel.: (+59521) 222 160
    Asunción, Paraguay
    Email: info@pamcham.com.py
    Primary Exportssoybeans, livestock feed, cotton, meat, edible oils, wood, leather
    Special Benefits for Foreign Residents or RetireesN/A
    National AirlineLATAM

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    Official Language

    The official language of Paraguay is Spanish, but it is the only South American country where the indigenous language, in this case Guarani, is still widely spoken.

    Most Paraguayans speak both, and talk a version of Spanish amongst themselves that is often incomprehensible to other Spanish speakers.

    However, when talking to foreigners, they invariably and automatically switch to “normal” Spanish. English is not so widely spoken.

    You will find quite a few English-speaking professionals and businesspeople, especially in the capital and in Ciudad del Este. However, when you venture out onto the street, or if you want to deal with government agencies like immigration, it pays to have at least some basic Spanish.

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