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Paraguay data lists population, GDP, inflation rate, and currency in guaraní. Official languages Spanish and Guarani, with capital Asunción, complete the overview.
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.
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.
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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 Type | Paraguay Data |
|---|---|
| Population | 6,929,153 (Oct. 2024 est.) |
| Gross Domestic Product PPP (GDP) | $171.22 billion (2024 est.) |
| GDP Per Capita | $6,672 (2024 est.) |
| Inflation Rate | 4.1% (2024 est.) |
| Currency | Paraguayan guaraní |
| Exchange Rate Versus U.S. Dollar | 7,805 (2024 est.) guaraní per U.S. dollar |
| Languages | Spanish (official), Guarani (official) |
| Capital | Asunción |
| Capital City Population | 3,569 million (2024) |
| Time Zone | GMT – 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 Code | 595 |
| Electricity | 220V-240V (Plug type: CEE7/4, CEE7/16, Schuko) |
| System of Government | presidential republic |
| Name of Current Leader | President Santiago Peña |
| Sales Tax | 10% |
| Restrictions on Foreign Ownership of Property | N/A |
| Local Chamber of Commerce | Chamber of Commerce of Paraguay Estrella 550, Encarnación, Asunción, Paraguay T : (21) 493-321 F : (21) 440-817 |
| American Chamber of Commerce | Paraguayan-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 Exports | soybeans, livestock feed, cotton, meat, edible oils, wood, leather |
| Special Benefits for Foreign Residents or Retirees | N/A |
| National Airline | LATAM |
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.
Start Your New Overseas Life Today
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 12 Best Places To Retire Overseas In 2026
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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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