1940 in Paraguay
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- President of Paraguay: José Félix Estigarribia until September 7, then Higinio Moríñigo
- Minister of War and Navy: Higinio Moríñigo until September 7, then Paulino Ántola
Events
- February 19 - President Estigarribia dissolves the legislature and suspends the Constitution[1]
- August 4 - Paraguayan constitutional referendum, 1940
- September 7 - President Estigarribia and his wife are killed in a plane crash in Agapuey while on a tour of the interior.[2]
