Tag Archive for: Economy

Paraguay, country of sustainable electric energy

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Due to the constant development and progress of large investments, Paraguay is establishing itself as one of the regional markets with great potential in the energy sector of the future.

One of the main reasons for Paraguay’s greater energy power, which lies in the country’s renewable resources, is the lack of hydrocarbons. Paraguay has one of the largest hydroelectric potentials in the world. The economy strongly anchored to crops helps generate a perfect scenario for the development and proliferation of a biofuel industry.

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Paraguay will be the fastest growing economy in the region

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The growth estimate after two years of the pandemic, Paraguay will be one of the economies that will grow the most (PIB) in the region for this 2022, although, according to the forecast, it will be well below 2021, according to the annual report Preliminary Balance of the Economies of the Economic Commission for Latin America and the Caribbean (CEPAL).

“CEPAL projects Paraguay as the second best economy in South America in 2022, with a projection of GDP expansion of 4%”

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