Paraguay Rises to Fourth Freest Economy in South America

2026-03-10 - 19:03

Key Points — Paraguay scored 66.4 in the Heritage Foundation’s 2026 Index of Economic Freedom, ranking 55th globally and fourth in South America behind Chile (17th), Uruguay (32nd), and Peru (54th) — one of the sharpest climbs in Latin America over the past two years. — The country’s strengths lie in fiscal discipline: a tax