PARAGUAY

Paraguay

THE OFFICIAL SALARY IN PARAGUAY IN 2022:

Average salary – 2,800,000 Paraguayan Guaraní per month ($405)

Minimum wage – 2,192,839 Paraguayan Guaraní per month ($315)

Source: Government of Paraguay and international recruitment agencies

Paraguay is located in South America and is landlocked. It shares borders with Argentina in the south and south-west, with Bolivia in the north-west and with Brazil in the east and north-east.

INFORMATION ABOUT PARAGUAY (2022) 
Population 7.3 million
Average life expectancy  74 years
Unemployment rate 8.6%
Inflation  7.9%
Square 406,752 km²
Form of government Dominant-party presidential republic
Income tax 10%
Capital Asunción
Currency Guaraní
Official Language Spanish, Guarani
Doing Business rank 125
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