Though the majority of Paraguayans reside in Paraguay, significant communities have been established in multiple countries, most noticeably Argentina, Spain, United States, Brazil.

[7] As in other Latin American countries, in Paraguay, from the onset of Spanish colonization and settlement, miscegenation or mestizaje was the norm rather than the exception.

About 75% of the people are mestizo (mixed Spanish and Guaraní Native American descent), 20% are Whites, and the rest are small minorities of Indigenous or Afro Paraguayan origin.

Paraguay is predominantly a bilingual country, as the majority of the population uses Spanish and Guaraní.

[12][13] According to Instituto Cervantes' 2020 report "El Español: Una lengua viva", 68.2% of the Paraguayan population (4,946,322 inhabitants) has decent mastery of the Spanish language.