UAE1

General Information

National Identity

Official Language(s)Spanish, Guarani

National CurrencyParaguayan Guarani (PYG)

National Day(s)14 May (Flag Day) 15 May (Independence Day)

Capitals

Political / Administrative CapitalAsuncion

Economic CapitalAsuncion

Cultural CapitalAsuncion

Transport & Connectivity

Flight Duration from the UAE≈ 20 – 24 h Connecting flights

Primary AirportSilvio Pettirossi International Airport

Primary PortPort of Asuncion (river port on the Paraguay River)

Geography

Land Area-

Length of the Coastline0 km (landlocked country)

Highest PointCerro Tres Kandu (842 m)

Primary Inland Water Body / RiverParaguay River

ClimateSubtropical to temperate; humid in east, drier in west (Chaco region)

Border Countries

ArgentinaBrazilBolivia

3

Last Updated: July 2026Source: Internal Research

Key Facts

The Itaipu Dam on the Parana River supplies most of Paraguay's electricity.

The Parana River, which runs through Brazil, Paraguay and Argentina, is South America’s second longest river after the more famous Amazon River.

Paraguay is the only country worldwide whose national flag has different emblems on each side.

Paraguay is landlocked but has the world's oldest navy among landlocked countries, dating back to 1811.

Iguacu Falls, spanning the Iguacu River, is made up of more than 275 individual waterfall cascades, is taller than Niagara Falls, and is twice its width.

Paraguay is home to the world’s largest rodent, the capybara.

Paraguay is in the Guinness Book of World Records for the world’s largest barbecue, which was attended by approximately 30,000 people.

Traditionally, visitors announce their arrival by clapping their hands at the gate.

Paraguay is the world’s sixth largest soybean producer.

Paraguay is the second largest tung oil producer.

Paraguay is among the world's top 10 corn exporters.

Paraguay is among the largest beef exporters in the world.

Last Updated: July 2026Source: Internal Research

Economic Overview

Macroeconomic Snapshot

GDP, current prices-USD Billions

Real GDP growth-Annual percent change (%)

GDP per capita, current prices-USD per capita

Population-Millions of people

General government gross debt-% of GDP

Income levelWorld Bank classification-

Economic Comparison

Indicator	Paraguay	UAE
GDP, current pricesUSD Billions	-	-
GDP, PPPCurrent int$	-	-
Real GDP growthAnnual percent change (%)	-	-
GDP per capita, current pricesUSD per capita	-	-
PopulationMillions of people	-	-
Unemployment rate% of total labor force	-	-
Inflation rate (avg. consumer prices)Annual percent change (%)	-	-
General government gross debt% of GDP	-	-
Income levelWorld Bank classification	-	-

Foreign Trade

No data available for this section yet.

Political Overview

Leadership

Head of State & Government

H.E. Santiago Pena

Since August 2023

Vice President

H.E. Pedro Alliana

Since August 2023

Minister of Foreign Affairs

H.E. Ruben Ramirez Lezcano

Since August 2023

Minister of Economy and Finance

H.E. Oscar Lovera

Since April 2026

Minister of Industry and Commerce

H.E. Marco Riquelme

Since February 2026

Minister of Defense

H.E. Gen. Oscar Gonzalez Canete

Since August 2023

Political Summary

Political System

Presidential Republic

Paraguay is a representative, democratic and unitary republic governed under its 1992 National Constitution.

Ruling Party

Colorado Party (ANR): Centre-right

Main Opposition Force(s)

Authentic Radical Liberal Party (PLRA): Centre-left

Next Presidential Election

Expected in 2028

Next Legislative Election

2028

Last Updated: June 2026Source: Internal Research

Membership in Key Organizations and Blocs

45Organizations

24Member

6Founding Member

3Partner, Observer or Participant

12Not a Member

Last Updated: July 2026Source: Official websites of the respective organizations

Competitiveness Indexes

Index	Year	Rank Out of	Paraguay	UAE

No index matches.

Diplomatic Relations and Representation

Date of Establishment of Diplomatic Relations200719 years of relations

UAE Ambassador

H.E. Dr. Al Saghira Wabran AlahbabiUAE Ambassador to Paraguay · Non-resident

Foreign Ambassador

H.E. Carolin Konther LopezAmbassador of Paraguay to the UAE · Resident

Last Updated: June 2026Source: MoFA; Internal Research

Flights by UAE Carriers

Passenger Flights

October 2026 figures

0Total Weekly Passenger Flights

EYEtihad Airways0

EKEmirates0

FZflydubai0

G9Air Arabia0

Cargo Flights

October 2026 figures

0Total Weekly Cargo Flights

EYEtihad Cargo0

EKEmirates SkyCargo0

Last Updated: October 2026Source: GCAA

Consular Information

	Tourists	Residents	Students	Golden Visa Holders
Paraguay Nationalsin the UAE	-	-	-	-
UAE Citizensin Paraguay	-	-	-	-

Main Agreements and MoUs

Agreement / MOU	Status	Notes
CEPAComprehensive Economic Partnership Agreement	Not Signed	Paraguay is a member of MERCOSUR.MERCOSUR–UAE CEPA negotiations were launched on 8 Jul 2024.MERCOSUR–UAE fourth negotiating round was held on 4 Nov 2025.
IPPAInvestment Protection and Promotion Agreement	Ratified	Signed on 17 Jan 2017.Entered into force on 20 Jan 2019.
DTADouble Taxation Avoidance Agreement	Ratified	Signed on 16 Jan 2017.Entered into force on 20 Jan 2019.
ASAAir Services Agreement	Ratified	Signed on 6 Nov 2012.Entered into force on 14 Oct 2014.

Ratified— Signed and entered into force

Signed— Signed, but entry into force or ratification is pending

Not Signed— No signed agreement exists

Last Updated: September 2026Source: Internal Research

UAE Foreign Assistance

UAE Aid to Paraguay	Total Amount
Amount (USD Mn)	-

Bilateral Visits

Official Visits from the UAE

H.E. Dr. Thani bin Ahmed Al ZeyoudiMinister of Foreign Trade
Jun2026
H.E. Reem bint Ebrahim Al HashimyMinister of State for International Cooperation
Jan2026
H.E. Reem bint Ebrahim Al HashimyMinister of State for International Cooperation
Jul2024
H.H. Sheikh Abdullah bin Zayed Al NahyanMinister of Foreign Affairs
Oct2023
H.E. Dr. Thani bin Ahmed Al ZeyoudiMinister of State for Foreign Trade
Aug2023
H.E. Reem bint Ebrahim Al HashimyMinister of State for International Cooperation
Jun2023
H.E. Saqr GhobashSpeaker of the Federal National Council
Sep2022

Official Visits to the UAE

H.E. Santiago PenaPresident of Paraguay
Feb2026
H.E. Javier GimenezMinister of Industry and Commerce of Paraguay
Feb2026
H.E. Ruben Ramirez LezcanoMinister of Foreign Affairs of Paraguay
May2025
H.E. Santiago PenaPresident of Paraguay
May2025
H.E. Pedro Alliana RodriguezVice President of Paraguay
Feb2025
H.E. Raul Luis Latorre MartinezPresident of the Chamber of Deputies of Paraguay
Feb2025
H.E. Ruben Ramirez LezcanoMinister of Foreign Affairs of Paraguay
Jan2025
H.E. Javier GimenezMinister of Industry and Commerce of Paraguay
May2024
H.E. Adriana OrtizMinister of the National Secretariat of Culture of Paraguay
Mar2024
H.E. Santiago PenaPresident of Paraguay
Dec2023
H.E. Ruben Ramirez LezcanoMinister of Foreign Affairs of Paraguay
Dec2023
H.E. Dr. Lea GimenezMinister and Chief of Staff of Paraguay
Dec2023
H.E. Carlos Fernandez ValdovinosMinister of Economy and Finance of Paraguay
Dec2023
H.E. Claudia CenturionMinister of Public Works of Paraguay
Dec2023
H.E. Javier GimenezMinister of Industry and Commerce of Paraguay
Dec2023
H.E. Rolando de Barros BarretoMinister of Environment of Paraguay
Dec2023
H.E. Santiago PenaPresident-elect of Paraguay
Jul2023
H.E. Luis Alberto CastiglioniMinister of Industry and Commerce of Paraguay
May2023
H.E. Mario Abdo BenitezPresident of Paraguay
Feb2023
H.E. Luis Alberto CastiglioniMinister of Industry and Commerce of Paraguay
Jan2023