President of Paraguay Mburuvichá Roga, also in Asunción. Once Presidents leave office, they are granted by the Constitution of Paraguay the speaking-but-non-voting position of Senator for life. The current President of Paraguay is Mario Abdo Benítez, since 15 August 2018. President of Paraguay The President of Paraguay (), officially known as the President of the Republic of Paraguay (), is according to the Constitution of Paraguay the head of the executive branch of the Government of Paraguay, both head of state and head of government. His honorific title is "Excelentísimo Señor". Under the 1992 constitution, the President is limited to a single five-year
Economy of Paraguay Economy of Paraguay Paraguay has a market economy highly dependent on agriculture products. In recent years, the economy has grown as a result of increased agricultural exports, especially soybeans. Paraguay has the economic advantages of a young population and vast hydroelectric power but has few mineral resources, and political instability has undercut some of the economic advantages present. The government welcomes foreign investment. Paraguay is a middle-income country that changed rapidly in the 1970s and 1980s as a result of hydroelectric development, agricultural colonization, construction, and cash crop exports. Nevertheless, the country's gross domestic product (GDP) in 1986 was approximately