NSQ 2 digital - Flipbook - Page 30
Paraguay
Quiet stability in the new regional map
By Luis Gerardo Casillas
In discussions about nearshoring in
Latin America, attention usually centers
on the most visible hubs: Mexico for its
proximity to the United States, Brazil for
the scale of its domestic market, or
Colombia for its growth in technology
services.
In recent years, however, a country
that rarely appears in economic
headlines has begun to attract the
attention of certain investors: Paraguay.
This is not a large-scale economy, nor is
it a direct competitor to the region's
major hubs. Its role is better understood
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Digital Edition
MARCH 2026
as a complement within a Latin American
economic landscape that is gradually
becoming more multipolar.
What stands out about Paraguay is precisely
its low-profile character. While several
regional economies have experienced
recurring cycles of inflationary volatility or
abrupt shifts in economic policy, Paraguay
has maintained a relatively predictable
macroeconomic trajectory over the past
decade.
One of the most frequently cited indicators is
inflation. Paraguay has consistently
maintained one of the lowest inflation rates in
Latin America, with levels generally close to
the target range set by the Central Bank of
Paraguay over much of the past several
years. This contrasts with regional economies
where inflation has historically been more
volatile.
