Paraguay’s Economy 2024: A Historical Record in Exports
At LIP, we are dedicated to keeping you informed about the surprising results of the Paraguay’s economy 2024. By the end of February 2024, the country recorded excellent performances that confirm its regional leadership.
Historical Figures: A 27% Increase
The Central Bank of Paraguay recently published the latest foreign trade report. The data is undeniable: exports increased by 27% compared to February 2023. This is not just a seasonal peak; it is an absolute historical record.
The total export value reached 2,792 million dollars. For those who love numbers, this represents the strength of the Paraguayan primary sector. The most popular products continue to be soy and cotton fibers, which are high-demand commodities worldwide.
A Global Commercial Network
Paraguay may be small in geography, but it is a giant in trade. Currently, the country exports to 115 different countries. This diversified commercial network reaches several continents, reducing dependence on a single market. Naturally, this context also boosts imports, allowing Paraguay to access goods not produced locally, maintaining a healthy trade balance.
Legal Security and the Peña Government
The liberal government led by Santiago Peña serves as an irreplaceable guarantee for investors. His administration focuses on the individual, their business, and their work. Unlike standardized models, this government prioritizes the well-being of its citizens and residents.
Choosing to live and work in Paraguay—whether in person or remotely—means joining a proactive nation. The two-year temporary residence permit is the first step. Afterward, you can easily transition to permanent residence, enjoying a stable legal framework.
Why Europeans Choose Paraguay
Paraguay is the preferred destination for Italians, Germans, Spaniards, and Portuguese. Beyond cultural affinities, the economic advantages are unique:
- Low Taxes: A simplified VAT of only 10%.
- Tax-Free Pensions: Ideal for European retirees seeking to maximize their wealth.
- Professional Ease: Opportunities to use your qualifications without local on-site validation in many cases.
Paraguay offers a life on a human scale. It is an environment where work is rewarded and your capital is respected.
