Paraguay’s economy is agriculture-based, with soybeans, beef, and hydroelectric power as key drivers. Market competition is limited by informality and weak industrialization. Public policies emphasize infrastructure, poverty reduction, and trade diversification, though progress is slow due to governance challenges. Regulatory frameworks are improving but remain underdeveloped, deterring FDI. Paraguayan society is rural and traditional, with urbanization gradually increasing. Education access is broad, but quality remains inconsistent. Healthcare infrastructure is underfunded, with disparities in rural areas. Climate vulnerabilities, including deforestation and extreme weather, require sustainable land and resource management. Paraguay’s growth potential lies in industrial diversification and governance reforms.