The Campeonato Anual FEM (English: Annual W Championship) is the top-level league competition for women's football in Paraguay.
The winner and runner-up qualify for the Copa Libertadores Femenina, the South American Women's Champions League.
The competition is organised by the Paraguayan Football Association.
[1] In 1997 an experimental tournament was held and won by Nacional.
The winners of those are not considered champions but play a playoff for the championship.