Paraguay cut its poverty rate from 50% to under 18% in two decades
Paraguay’s poverty rate fell from nearly 50% in 2003 to 17.6% in 2023 — one of Latin America’s steepest sustained declines, lifting millions of families into security their parents never knew. The landlocked country of 6.8 million pulled this off without oil wealth or coastline, leaning instead on two decades of political stability, a diversifying economy, and clean hydroelectric power from the Itaipú Dam. Services and manufacturing have grown alongside agriculture, and 46% of Paraguayans are under 25, entering an economy that has been steadily expanding their whole lives. The road ahead runs through climate risk, but a country that halved poverty in a generation has shown it can do hard things — a quiet lesson for development everywhere.









