Paraguayans save more but not necessarily better, data shows

Paraguay has seen significant strides in financial inclusion, with a recent World Bank report indicating that 61% of adults now possess a financial account. This expansion is largely driven by the increased availability of digital accounts, mobile banking services, and easier transfer options.

However, the data reveals a gap between access to financial services and genuine economic well-being. While opening an account is more accessible, consistently using it as a tool for accumulating savings remains a major hurdle. The Global Findex 2025 survey found that only 37% of Paraguayan adults saved money in the past year, and of that group, a mere 52% utilized formal financial institutions. Many accounts are primarily used for salary deposits, bill payments, and daily consumption, leaving little surplus for long-term saving.

The increasing volume of deposits in banks and financial institutions, reaching G. 169.9 trillion by March 2026, reflects the system's capacity to attract funds. Yet, this figure includes deposits from businesses and organizations, not just individuals. Experts note that the difficulty in saving often begins with income levels. Factors such as labor informality, unstable monthly earnings, consumer debt, and the burden of essential expenses significantly reduce the financial margin for planning. Consequently, saving is often viewed as a leftover at the end of the month rather than a planned budget item.