REASONS TO INVEST IN PARAGUAY

Leader in business climate

Paraguay closed 2022 with the best business climate in the region. The performance is marked by a better panorama of economic growth, reflected in the economic climate indicators and expectations. Paraguay has macroeconomic stability, in addition to other factors that make it an attractive destination for investment and business (Source: Market Data Py).

According to the report by the Getulio Vargas Foundation, from Brazil, Paraguay has a score of 114 in the Economic Climate Index, in the fourth quarter of 2022, and Uruguay was left with 108; while, in the score of expectations, Paraguay also leads the list with a score of 171,4 and Uruguay in second place follows it with 100 points. The study states that five were the countries with improvements in their position in the Economic Climate Indicator (ICE), but only Paraguay and Uruguay are in the favorable zone (Source: Market Data Py).

The maintenance of the ICE (Economic Climate Index) in an unfavorable zone despite the improvement in the current perception helps to explain the growth forecasts for the gross domestic product (GDP) for 2023. Only in Paraguay does the forecast for 2023 exceed the growth rate for 2022 (Source: Market Data Py).