Verified Facts

Official NameRepublic of Paraguay
CapitalAsunción
Population6.1 million
Area406,752 km² (157,048 sq mi)
LanguagesGuaraní, Spanish
CurrencyParaguayan guaraní (₲)
TimezoneUTC-04:00
RegionAmericas / South America
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$18,524 (2024)
Inflation Rate3.8% (2024)
Health Spend per Capita$527 (2023)
Out-of-Pocket Health Spend36.3% (2023)
Education Spend (% GDP)3.4% (2023)
Source: World Bank Open Data

The cost of food in Paraguay can vary depending on the location, type of establishment, and ingredients, but on average, a meal at an inexpensive restaurant costs around $3-5 USD, while a monthly grocery budget for one person can range from $150-300 USD.

Quick Facts

Meal at Inexpensive Restaurant($3-5 USD)
Meal for 2 at Mid-Range Restaurant($20-30 USD)
Monthly Grocery Budget (1 person)($150-300 USD)
Local Beer (500ml)($2-3 USD)
CurrencyPYG

Food Costs Overview

Food prices in Paraguay are generally lower compared to other countries in the region, making it an attractive destination for travelers and expats. The cost of food is driven by factors such as transportation, labor, and import costs, which can fluctuate depending on the season and global market trends. Eating out is a popular culture in Paraguay, with many restaurants and street food stalls serving traditional dishes such as asado, sopa paraguaya, and milanesa. However, home cooking is also a significant part of Paraguayan culture, with many families preparing meals using fresh ingredients from local markets.

The country's strategic location, bordered by Argentina, Bolivia, and Brazil, also influences food prices, with many imported goods available at competitive prices. Additionally, the government's efforts to promote local agriculture and reduce dependence on imports have contributed to the stability of food prices. Despite these factors, food prices can still vary significantly depending on the location, with cities like Asuncion tend to have higher prices than rural areas.

Grocery Prices

ItemPrice (USD)Local PriceNotes
Milk (1 liter)$1.5010,000 PYG
Bread (white loaf)$1.208,000 PYG
Eggs (dozen)$2.0013,000 PYG
Rice (1 kg)$1.8012,000 PYG
Chicken breast (1 kg)$4.5030,000 PYG
Beef (1 kg)$6.0040,000 PYG
Apples (1 kg)$3.0020,000 PYGimported
Tomatoes (1 kg)$1.5010,000 PYG
Potatoes (1 kg)$1.208,000 PYG
Onions (1 kg)$1.006,000 PYG
Local cheese (1 kg)$5.0033,000 PYG
Water (1.5L bottle)$1.5010,000 PYG

Restaurant Prices

Meal TypePrice Range (USD)Notes
Street Food / Local Eatery$3-5(typical dishes like asado or sopa paraguaya)
Casual Restaurant$10-15(one person, 2-3 courses)
Mid-Range Restaurant (2 people)$20-30(3 courses, wine or beer)
Fine Dining (2 people)$50-70(upscale, 5 courses)
Local Beer (draft, 500ml)$2-3
Imported Beer (330ml)$4-5
Cappuccino$2-3
Soft Drink (can)$1-2

Supermarket vs Local Market

When it comes to shopping for groceries, Paraguay offers a mix of modern supermarkets and traditional local markets. Supermarkets tend to have a wider selection of products, including imported goods, but prices can be higher compared to local markets. Local markets, on the other hand, offer fresh produce, meats, and dairy products at competitive prices, but the selection may be limited. As a general rule, it's best to buy fresh produce, meats, and dairy products at local markets, while supermarkets are better for packaged goods and imported products.

The price difference between supermarkets and local markets can be significant, with local markets often offering prices 20-30% lower than supermarkets. Additionally, local markets provide an opportunity to interact with local vendors and experience the traditional culture of Paraguay. Bargaining is not common in Paraguay, but it's always a good idea to ask about prices and compare them before making a purchase.

Local Food Tips

  • The cheapest way to eat in Paraguay is to try street food or visit local eateries, where meals can cost as little as $3-5 USD.
  • Local staples like asado, sopa paraguaya, and milanesa are good value and can be found at most restaurants and markets.
  • Fresh produce, such as fruits and vegetables, is widely available and affordable, with prices starting from $1-2 USD per kilogram.
  • Imported goods, such as cheese and wine, can be expensive, so it's best to opt for local alternatives.
  • When shopping at local markets, it's a good idea to bring cash and be prepared to haggle, although this is not common practice in Paraguay.
  • For a unique and affordable dining experience, try visiting a parrilla, a traditional Paraguayan grill restaurant, where meals can cost around $10-15 USD per person.
Related Cost Guides: Cost of Living Overview · Monthly Budget · Rent & Housing · Economy · Paraguay vs Uruguay