Paraguay (official name, Republic of Paraguay), republic located in central South America, bordered to the north and northwest by Bolivia, Brazil to the east and south and southwest Argentina. The land area is 406,752 km ². Asunción is the capital.

Paraguay (Guarani, Paraguay), officially the Republic of Paraguay is a country and sovereign state located in the south central and eastern South America. Its territory occupies two distinct regions separated by the Paraguay River, the Oriental, which is the most populated, and the West, part of the Chaco Boreal. It is a country that has no sea coast, as is its neighbor Bolivia, although river water their costs two major rivers, the Paraguay and Paraná rivers that flow naturally to the River Plate, both fully navigable and which exerts Paraguay sovereignty. They are used as escape routes by sea and Paraguay regional agreements provide the free access to ports and maritime and port of Nueva Palmira in Uruguay Cáceres. Paraguay on the south, southeast and southwest Argentina, on the east by Brazil and Bolivia to the northwest.

Paraguay's population is mostly cosmopolitan, with strong influence of Germans, Italians, Brazilians and Argentines. Until the Great War, or War of Paraguay, the Paraguayan poblaci'n was the result of interbreeding between indigenous Guarani (and other tribes) with Creole Spanish settlers in the sixteenth century. After the War of the Triple Alliance, 80% of the Paraguayan population disappeared, falling from 1 million to just over 200,000 souls. The country was repopulated with European immigrants, mainly Germans, Ukrainians and Italians and from the 1970, with the massive influx of immigrants from Brazil, Argentine and Oriental.

Paraguay is colloquially known as the heartland of America. Shares with Brazil the largest operational hydroelectric power in the world, making it the second largest electricity exporter in the world.