| Group | P | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|
| Brazil | 7 | 6 | 0 | 1 | 39 | 7 | 32 | 12 |
| Paraguay | 7 | 6 | 0 | 1 | 21 | 6 | 15 | 12 |
| Peru | 7 | 5 | 0 | 2 | 20 | 13 | 7 | 10 |
| Bolivia | 7 | 4 | 0 | 3 | 13 | 24 | -11 | 8 |
| Chile | 7 | 2 | 1 | 4 | 10 | 14 | -4 | 5 |
| Uruguay | 7 | 2 | 1 | 4 | 14 | 20 | -6 | 5 |
| Ecuador | 7 | 1 | 0 | 6 | 7 | 21 | -14 | 2 |
| Colombia | 7 | 0 | 2 | 5 | 4 | 23 | -19 | 2 |
Each team played in a mini-League with 2 points for a win and 1 for a draw.
Play-off | ||||||
|---|---|---|---|---|---|---|
| 11 May 1949 | Brazil | 7:0 | Paraguay | |||