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Republic of Paraguay
Flag of Paraguay
Coat of arms [nb 1] of Paraguay
Flag (obverse) Coat of arms
Motto: "Paz y justicia" (Spanish)
"Peace and justice"
Paraguayos, República o Muerte  (Spanish)
Paraguayans, Republic or Death
Location of Paraguay
and largest city
25°16′S 57°40′W / 25.267°S 57.667°W / -25.267; -57.667
Official languages
Ethnic groups (2000)
Demonym Paraguayan
Government Unitary presidential constitutional republic
• President
Horacio Cartes
Juan Afara
Legislature Congress
Chamber of Senators
Chamber of Deputies
Independence from Spain
• Declared
14 May 1811
• Recognized
15 May 1811
• Total
406,752 km2 (157,048 sq mi) (60th)
• Water (%)
• 2015 estimate
6,783,272 (104th)
• Density
17.2/km2 (44.5/sq mi) (204th)
GDP (PPP) 2016 estimate
• Total
$64.115 billion (100th)
• Per capita
$9,353 (107th)
GDP (nominal) 2016 estimate
• Total
$27.323 billion (99th)
• Per capita
Gini (2014) Negative increase 51.7
HDI (2014) Increase 0.679
medium · 112th
Currency Guaraní (PYG)
Time zone PYT (UTC–4)
• Summer (DST)
Drives on the right
Calling code +595
ISO 3166 code PY
Internet TLD .py
  1. Mixed European and Amerindian.

Coordinates: 23°S 58°W / 23°S 58°W / -23; -58

Paraguay (/ˈpærəɡw/; Spanish pronunciation: [paɾaˈɣwai̯]; Guarani: Paraguái, [paɾaˈɣwaj]), officially the Republic of Paraguay (Spanish: República del Paraguay; Guarani: Tetã Paraguái), is a landlocked country in central South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de Sudamérica ("Heart of South America"). Paraguay is one of the two landlocked countries (the other is Bolivia) that lie outside Afro-Eurasia. Paraguay is the smallest landlocked country in the Americas.