





South America · South America
Lowest taxes in South America — flat 10% tax rate, dollar economy, easy residency.
Backpacker
Ideal destination
Paraguay is a landlocked South American country that rarely appears on anyone's itinerary, which is part of its charm for those who seek out the overlooked. The Guaraní culture and language remain central to daily life even in the capital Asunción, giving it an indigenous quality rare in South American cities. The country's quiet pace, distinctive food, and genuine off-the-map feeling suit slow travellers rather than those with a packed agenda.
Capital
Asunción
Languages
Guaraní, Spanish
Currency
₲ PYG
Area
396,012 km²
Fixed Broadband
118Mbps
Mobile
28Mbps
GDP / Capita
$6K
PPP / Capita
$19K
Inflation
3.8%
Unemployment
4.8%
Innovation (GII)
21.4
GNI / Capita
$6K
Tax Revenue
11.4%
FDI Inflows
2.5%
Education Spend
3.5%
Cost of Living
28.5
Price Level Index
69th pct
20-Year Trend + IMF Forecast
Income & inflation over time