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| {{Infobox_location|title = Paraguay|image = 1920px-Flag of Paraguay.svg.png|imagecaption = The colours of the flag are believed to be inspired from the flag of France to show independence and liberty, and the coat of arms represents the independence of Paraguay. The emblem on the reverse side is the seal of the treasury: a yellow lion below a red Phrygian cap on the top of a pole (symbolising courage) and the words Paz y Justicia ("Peace and Justice").|map = Paraguay.png|location = South America|inhabitants = 7,152,703 people (2019 estimate)}}The '''Republic of Paraguay''' is a [[Liberalism|liberal]], [[Colonialism|colonial]], [[Capitalism|capitalist]] [[List of States|state]] located in South America (bordering the states of [[Brazil]], [[Argentina]] and [[Bolivia]]).
| | The '''Republic of Paraguay''' is a [[Liberalism|liberal]], [[Colonialism|colonial]], [[Capitalism|capitalist]] [[List of States|state]] located in South America (bordering the states of [[Brazil]], [[Argentina]] and [[Bolivia]]). |
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| == Notable Paraguyans == | | == Notable Paraguyans == |