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Multi-dimensional Review of Paraguay

Volume I. Initial Assessment

image of Multi-dimensional Review of Paraguay

Paraguay has achieved strong and resilient growth and made progress across a range of development outcomes since it emerged from a prolonged period of economic and political instability in the early 2000s. In 2014, the country adopted its first National Development Plan, setting course towards an ambitious vision of the country’s future. To maintain the pace of economic growth and achieve more inclusive development Paraguay will need to overcome a number of institutional, economic and social constraints that challenge its development model. This first volume of the Multi-dimensional Review of Paraguay analyses the country’s development performance and presents the main constraints to the country’s development. It examines five broad areas, corresponding to the key areas of the Sustainable Development Goals: prosperity, people’s well-being, planet, peace and institutions, and partnerships and financing.

English Spanish

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Executive summary

OECD Development Centre

Paraguay has performed well over a range of development outcomes since 2003, after emerging from a prolonged period of economic and political instability. The economy has grown at 4.6% per annum in real terms, the poverty rate has fallen from 58% to 27%, and employment creation has progressed at 2.8% per annum, more rapidly than the growth of the working age population. The country’s development has benefited from a favourable external environment, with large increases in the prices of major agricultural export products and from a large demographic dividend. Structural reforms undertaken since the democratic transition in 1989 and intensified in the recent period have enabled the country to take advantage of the tailwinds of the 2000s. Maintaining the pace of development and increasing its inclusiveness will require Paraguay to face a number of institutional, economic and social constraints that challenge its development model.

English Spanish

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