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Asunción

Capital and most populous city of Paraguay

  • 36 min read
  • 15 chapters
The Palacio de los López in Asunción, Paraguay
MosheA · CC0

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Asunción is one of the oldest cities in South America and the longest continually inhabited area in the Río de la Plata Basin; for this reason it is known as "the Mother of Cities". From Asunción, Spanish colonial expeditions departed to found other cities, including the second foundation of Buenos Aires, that of other important cities such as Villarrica, Corrientes, Santa Fe, Córdoba, Santa Cruz de la Sierra and 65 more. According to the 2022 Paraguayan Census, Asunción has 462,241 inhabitants, while its metropolitan area (known as Greater Asunción) exceeds 2.3 million inhabitants, making it the most densely populated area in Paraguay, and also the most productive as it concentrates 70% of the National GDP. Asunción is the third most populous "jurisdiction" or "political division" in the country, after the Central and the Alto Paraná.

Administratively, the city forms an autonomous capital district, not a part of any department. The metropolitan area, called Gran Asunción, includes the cities of San Lorenzo, Fernando de la Mora, Lambaré, Luque, Mariano Roque Alonso, Ñemby, San Antonio, Limpio, Capiatá and Villa Elisa, which are part of the Central Department. The Asunción metropolitan area has around two million inhabitants. The Asunción Stock Exchange lists the Municipality of Asunción as BVPASA: MUA. Asunción has been named as one of the best cities for investments, both in construction and services, thus being one of the cities in the region with the highest economic growth, nowadays.

It is the headquarters of the three state powers (executive, legislative and judicial), the cultural center of the republic and the different agencies and entities of the state. It used to be the main river port of the country, a function that Villeta occupies today. Despite the situations throughout its history, Asunción continues to be the center of national and cultural activities. From the capital, the main state resolutions and projects are issued, and the banking, economic, cultural, diplomatic, social, union and industrial entities of the country are centralized. Most of the main routes to the main cities of the country begin here. It is the headquarters of the Permanent Review Court of Mercosur. In the metropolitan area of Asunción, the district of Luque is the headquarters of the South American Football Confederation (CONMEBOL). Asunción will host the 2031 Pan American Games.

It is located in a strategic area for Mercosur, in the center-north of the Southern Cone, close to cities such as Buenos Aires, Montevideo, Córdoba, Rosario, Curitiba, São Paulo, Porto Alegre and Santa Cruz de la Sierra. It is located about 1,300 km (810 mi) from the Pacific Ocean and about 1,000 km (620 mi) from the Atlantic Ocean, being relatively equidistant between both oceans, a factor that promotes economic growth and disposes it to becoming a regional hub.

The Globalization and World Cities Research Network classifies Asunción as a "Gamma City". It is the home of the national government, principal port, and the chief industrial, political, economic and cultural center of Paraguay. Asunción ranks as one of the cheapest cities in the world for foreign visitors, and the third-safest capital in Latin America, behind Buenos Aires and Santiago, according to InSight Crime.

Etymology

The official name of the city is "Nuestra Señora de la Asunción" (Our Lady of the Assumption), according to the founding document of the Cabildo, dated 16 September 1541. The fort that preceded it was established with the same name on 15 August 1537, by Juan de Salazar de Espinosa, the day on which the Catholic Church commemorates the Assumption of Mary.

Asunción comes from the Latin noun, of ecclesiastical use, assumptīō, defined as: "the Virgin Mary being elevated body and soul to heaven" and must be distinguished from the Ascension of Jesus. Although the dogma was not proclaimed until 1950, the festival dates back to the 9th century and was especially celebrated in Spain and America.

Its name in Guarani is Paraguay: Paraguái in Guarani. The name was later used to refer to the whole nation.

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