Paraguay’s long-run growth leads South America, but income gains lag

Paraguay’s long-run growth leads South America, but income gains lag

From 1960 to 2024, Paraguay posted the highest cumulative GDP expansion in South America, according to calculations published by Forbes Paraguay and Colombia’s La República, drawing on World Bank constant-2015-dollar series. Over that span, Paraguay’s economy rose from roughly US$2.8 billion to about US$46 billion (2015 prices), multiplying more than sixteen-fold.