The Best Places To Retire In 2025

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      Paraguay Facts And Figures

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          buildings at night by the water. cost of living in Paraguay

          Facts About Paraguay

          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.

          Kathleen

          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.

          Cover for Kathleen Peddicord's book At Home Abroad
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              Paraguay’s 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.


              Information TypeParaguay Data
              Population6,929,153 (Oct. 2024 est.)
              Gross Domestic Product PPP (GDP)$171.22 billion (2024 est.)
              GDP Per Capita$6,672 (2024 est.)
              Inflation Rate4.1% (2024 est.)
              CurrencyParaguayan guaraní
              Exchange Rate Versus U.S. Dollar7,805 (2024 est.) guaraní per U.S. dollar
              LanguagesSpanish (official), Guarani (official)
              CapitalAsunción
              Capital City Population3,569 million (2024)
              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 Santiago Peña
              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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                Kathleen

                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.

                Cover for Kathleen Peddicord's book At Home Abroad
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                  Paraguay Facts And Figures - FAQ's

                  Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                  Portugal is known for Fado music and also for being the largest cork producer in the world.

                  Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                  Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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