ASUNCIÓN · PARAGUAY
TOPIC OF THE WEEK
GDP +4.0% year on year+5.7% in the first halfFixed investment −11.8%

ECONOMY

Paraguay grows 4%, but fixed investment falls 11.8%: the signal from the second quarter

GDP grew 4.0% year on year in the second quarter of 2026 and accumulated 5.7% growth in the first half. But gross fixed capital formation fell 11.8%, a key signal for reading the quality and composition of growth.

Read full analysis →

RADAR IN 90 SECONDS

This week’s signals

An executive reading of the developments with the greatest potential impact on companies and investors.

01

GDP grows, but fixed investment declines

The second quarter leaves a mixed signal: expanding activity alongside lower gross fixed capital formation.

02

US$2.765 billion remains pending disbursement

The challenge shifts from securing financing to converting it into execution and effective investment.

03

Treasury bond demand reaches 3.9 times the amount placed

Bids reached ₲906 billion against ₲230.527 billion awarded, with lower yields.

04

Exports exceed US$14 billion

The trade balance returns to positive territory and the external sector regains prominence.

MARKETS NOW

Signals moving during the day

Market quotes · updated according to each market’s availability.

International markets: TradingView · Local references: verify against BCP.
RADAR DATA — Paraguay Economic Outlook
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Paraguay Economic Outlook

Key indicators, economic activity and signals for investors. September 2026 edition.

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PARAGUAY PULSE

Paraguay in figures

Latest official data available

2026 GDP projection4.5%Official projection
Annual inflation1.5%August 2026
Sales · ECN+4.2%Year over year · July 2026
Current policy rate5,50%Central Bank of Paraguay
Sources: BCP · August inflation · July ECN · 2026 GDP projection · current policy rateRead economic analysis →
RADAR PROJECTS

The projects transforming Paraguay

Tracking major strategic investments: capital, status, territory, next milestones and business impact.

UNDER EXECUTION

Paracel

Concepción · Industry
USD 2.9B
Forestry · energy · logistics · suppliers
FID / FUNDED

ATOME Villeta

Villeta · Industry / Energy
USD 665M
Industry · energy · exports · logistics
FINAL STAGE

Bioceanic Bridge

Carmelo Peralta · Logistics
Gs. 616.836B
Trade · Chaco · transport · regional integration

SECTOR RADAR

Where investment is moving

ENERGY

ANDE projects the energy capacity Paraguay will need

ANDE’s 2024–2043 Master Plan calls for diversifying generation and expanding the system to support growth in demand and industry.

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INDUSTRY

Financing and guarantees open a new industrial stage

Paraguay Industrial and FOGAIN add long-term credit and guarantees to facilitate new investment and productive expansion.

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TEXTILES

Value added and industrial land enter the textile equation

The sector is seeking to integrate more processes and technology, while territorial planning is emerging as a condition for predictable investment.

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Consumidores recorren un moderno espacio comercial de Asunción, reflejo de la nueva competencia del retail paraguayo.

RETAIL & CONSUMER

Paraguayan retail enters a new stage of competition and investment

Radar will track openings, chain expansion, consumption, shopping centers and brand movements to identify where opportunities and signs of saturation are emerging.

READ FULL ANALYSIS →
Vista urbana de Asunción con edificios consolidados y nuevos desarrollos inmobiliarios al atardecer.

REAL ESTATE

Real-estate investment requires looking beyond the pace of construction

Supply, absorption, prices, returns, vacancy and new development areas will be the key signals for assessing the depth of real demand.

READ FULL ANALYSIS →

EDITORIAL VIEW

Growth is no longer the only question

Paraguay enters this week with stronger growth expectations, contained inflation and greater activity in export sectors. For investors, the question is shifting from “why Paraguay” to “where there is real capacity to execute, scale and sustain an investment.”

Maquila has already surpassed USD 1 billion in exports in eight months, confirming a new industrial scale. Energy and technology open additional opportunities, but require looking beyond abundant electricity: grid capacity, location, talent and the value retained in Paraguay will be decisive.

Public investment is growing 19.3% while the accumulated deficit reaches 1.7% of GDP; the securities market moves PYG 13.4 trillion and is seeking greater diversity. Forestry, textiles and industry show the same signal: opportunities exist, but their quality will depend on infrastructure, financing, certification, productivity and the ability to turn initial advantages into sustainable businesses.

WHAT TO WATCH

Five factors to watch this week

01

Available energy

Verify available power, transmission capacity, supply quality and realistic connection timelines at the project location.

02

Effective logistics

Measure whether infrastructure and new works actually reduce time and costs between plant, port, border and final market.

03

Verified demand

Distinguish growth expectations from contracts, buyers, recurring markets and effectively verifiable demand.

04

Operational talent

Assess the availability, specialization, training and retention of the talent required to operate and scale the investment.

05

Predictability

Review permits, industrial land, incentives, applicable rules and the stability of the conditions supporting the project.

28SEPTEMBER

WEEKLY AGENDA

Data, markets and execution: what Radar will follow this week

Radar will follow new economic releases, exchange-rate developments, the bond market, public-investment execution and sector signals that could change the investment outlook.

VIEW AGENDA →

EDITORIAL TRANSPARENCY

How this edition was built

The editorial cutoff for this edition is September 28, 2026.

WEEKLY EDITION

The signals that matter, once a week.

Paraguay’s economy, investment and productive sectors, without the noise.

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