Paraguay

Located in the heart of South America, this landlocked nation relies on the Paraná–Paraguay Waterway to access Atlantic trade routes, distinguishing it from its only regional counterpart, Bolivia. As a developing economy, it holds a Human Development Index rank of 99th and serves as a founding member of the Mercosur trade bloc alongside Argentina, Brazil, and Uruguay. The country's economy is supported by a population of over 6.4 million people, with a GDP per capita estimated at $7,089 in 2025. Its political structure operates as a unitary presidential republic, currently led by President Santiago Peña.