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The 1949 South American Basketball Championship was the 14th edition of this regional tournament. It was held in Asunción, Paraguay and won by the Uruguay national basketball team. 6 teams competed.
Final rankings
Results
Each team played the other five teams once, for a total of five games played by each team and 15 overall in the preliminary round. Ties in the standings were broken by head-to-head results, as only a tie for first would have resulted in a final match.
| Rank | Team | Pts | W | L | PF | PA | Diff |
|---|---|---|---|---|---|---|---|
| 1 |  Uruguay
|
10 | 5 | 0 | 161 | 134 | +27 |
| 2 |  Brazil
|
8 | 3 | 2 | 188 | 178 | +10 |
| 3 |  Chile
|
8 | 3 | 2 | 179 | 174 | +5 |
| 4 |  Peru
|
7 | 2 | 3 | 178 | 162 | +16 |
| 5 |  Argentina
|
7 | 2 | 3 | 188 | 187 | +1 |
| 6 |  Paraguay
|
5 | 0 | 5 | 134 | 193 | -59 |
| Uruguay | 34 - 26 | Brazil |
| Uruguay | 35 - 34 | Chile |
| Uruguay | 32 - 21 | Peru |
| Uruguay | 35 - 34 | Argentina |
| Uruguay | 25 - 19 | Paraguay |
| Brazil | 40 - 31 | Chile |
| Brazil | 32 - 30 | Peru |
| Brazil | 40 - 48 | Argentina |
| Brazil | 50 - 35 | Paraguay |
| Chile | 41 - 35 | Peru |
| Chile | 47 - 40 | Argentina |
| Chile | 26 - 24 | Paraguay |
| Peru | 37 - 29 | Argentina |
| Peru | 55 - 28 | Paraguay |
| Argentina | 37 - 28 | Paraguay |
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