Paraguay, with the strongest growth, is increasingly coming into the focus of international economic analysis. Evaluations based on World Bank data show that Paraguay, from 1960 to 2024, outperformed no other South American country in terms of cumulative real economic growth. This positions Paraguay as a long-term growth leader in the region — quietly but sustainably.
Paraguay with the Strongest Growth in Long-Term Comparison
Looking at economic development over six decades, a clear picture emerges: Paraguay recorded a cumulative real economic growth of 1,519.9% between 1960 and 2024. No other South American country achieved a comparable growth dynamic in the same period.
This result is not based on short-term boom phases, but on a long-term stable economic development that clearly distinguishes Paraguay from many neighboring countries.
Paraguay’s Strongest Growth in Regional Comparison
In direct comparison with other South American economies, Paraguay’s exceptional performance becomes even more evident. While countries with significantly larger starting volumes also grew, their cumulative growth lagged behind Paraguay.
Cumulative Economic Growth in South America (1960–2024)
| Country | Cumulative Growth |
|---|---|
| Paraguay | 1,519.9% |
| Colombia | 1,086.0% |
| Chile | 996.7% |
| Brazil | 976.1% |
| Ecuador | 890.9% |
| Peru | 734.6% |
| Bolivia | 699.7% |
| Argentina | 287.1% |
| Uruguay | 282.5% |
| Venezuela | 28.4% |
Sources: World Bank – World Development Indicators (1960–2024), Forbes Paraguay – Macroeconomics
Why Paraguay Achieved the Strongest Growth
What makes Paraguay’s strongest growth special is not just the size of the numbers, but their consistency. While other countries in the region were repeatedly slowed down by inflation, public debt, or political shifts, Paraguay benefited from:
- Relatively stable economic and financial policies
- Moderate public debt
- Predictable economic framework conditions
- An open and investor-friendly approach
These factors allowed Paraguay to endure global crisis phases without losing long-term momentum.
Conclusion
Over the past 60 years, Paraguay has developed into the fastest-growing economy in South America. Paraguay’s strongest growth is not based on short-term effects, but on stability, continuity, and economic discipline. This gives the country a special position within the region and brings it increasingly into the focus of international observers.
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