| Continent: | South America |
| Year: | 1949 |
| Host: | Paraguay |
| Dates: | 21 April - 7 May |
| Teams: | 6 |
| Venues: | 1 |
| Cities: | 1 |
| Champions: | Uruguay |
| Title Number: | 5 |
| Prevseason: | 1947 |
| Nextseason: | 1953 |
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.
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.
| width=20 | Rank | width=220 | Team | width=20 | Pts | width=20 | W | width=20 | L | width=20 | PF | width=20 | PA | width=20 | Diff |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 10 | 5 | 0 | 161 | 134 | +27 | |||||||||
| 2 | 8 | 3 | 2 | 188 | 178 | +10 | |||||||||
| 3 | 8 | 3 | 2 | 179 | 174 | +5 | |||||||||
| 4 | 7 | 2 | 3 | 178 | 162 | +16 | |||||||||
| 5 | 7 | 2 | 3 | 188 | 187 | +1 | |||||||||
| 6 | 5 | 0 | 5 | 134 | 193 | -59 |
| width=25% | width=25% | width=25% | |||
|---|---|---|---|---|---|
| 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 |