Uruguay GDP Data & Country Report

Uruguay Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Uruguay; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Uruguay

International Reserves

US$ 10.220 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 43.265 billion (2010 estimate)

GDP (Purchasing Power Parity)

50.937 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
-1.8%	-3.5%	-7.1%	2.3%	4.6%	6.8%	4.3%	7.5%
2008	2009	2010	2011*
8.5%	2.6%	8.5%	5%

*Estimate

GDP per capita - current prices

US$ 12,844 (2005 estimate)

GDP per capita - PPP

$15,121 International Dollars (2005 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.09%	0.07%	0.06%	0.07%	0.06%

**Forecast

GDP - composition by sector

agriculture: 9.1%
industry: 20.9%
services: 70% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
7.9%(2008)	7.1%	6.7%	7.2%

*Estimate

Unemployment rate

2008	2009	2010	2011*
7.6%	7.3%	7%(2009)	6.9%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
63%	61.7%	61%	55.3%	52.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
0%	-1.5%	-1.7%	-0.6%	-0.9%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: BB/Stable/B

Moody's rating: Ba3

Moody's outlook: RUR+

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$159 million	N/A	N/A

Largest companies in Uruguay

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.5 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-1% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

27.7% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.04%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.07%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$6.7 billion f.o.b. (2010 estimate)

Export commodities

meat, rice, leather products, wool, fish, dairy products

Total imports

US$7 billion f.o.b. (2008 estimate)

Import commodities

crude petroleum and petroleum products, machinery, chemicals, road vehicles, paper, plastics

Exports - major partners

Brazil 15.5%, US 9.4%, Argentina 8.4%, Mexico 6.6%, China 6.1%, Germany 4.8% (2007)

Imports - major partners

Brazil 19.1%, Argentina 17.9%, US 9.5%, China 9.1%, Paraguay 7.7%, Nigeria 4.7% (2007)

FDI inflows

2008	2009	2010
US$2,106 million	US$1,593 million(2009)	US$2,355 million(2009)

FDI outflows

2008	2009	2010
US$-11 million	US$16 million	US$9 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	US$7 million(2009)	US$13 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 124 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 139 out of 183 countries(2009)

Registering property: 159 out of 183 countries

Paying Taxes: 155 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 132 out of 183 countries

Enforcing Contracts: 102 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 33 Score: 70 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-3

Total area

176,215 km² (2006)

Capital

Montevideo (2009)

Currency

Uruguayan pesos (UYU) (2009)

Government type

constitutional republic (2009)

Languages

Spanish, Portunol, or Brazilero (Portuguese-Spanish mix on the Brazilian frontier)

Religions

Roman Catholic 47.1%, non-Catholic Christians 11.1%, nondenominational 23.2%, Jewish 0.3%, atheist or agnostic 17.2%, other 1.1% (2006)

Total population

1980	1990	2000	2010*	2015**
2.91 million	3.09 million	3.3 million	3.36 million	3.42 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
80.2%	85.4%	91.3%	92.4%

Population median age

33.0 years (2006)

Population growth rate

0.3% (2009)

Life expectancy

76 years (2007)

Adult literacy

98% (2000/2007)

% of population living on less than $2 a day

<2% (2011)

Inequality of wealth distribution (Gini index)

42.4 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

160.28% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

43.35% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Montevideo: 127th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

2.4865 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Banco Santander Uruguay (National, 2012)

2011:

COUNTRY WINNERS Banco Santander Uruguay (National, 2011)

2010:

COUNTRY WINNERS Banco Santander Uruguay (National, 2010)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS Itaú Unibanco (National, 2011)

2010:

COUNTRY WINNERS Itaú Unibanco Banco Multiplo (National, 2010)

2009:

COUNTRY WINNERS Itaú Unibanco Banco Multiplo (2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Citi (National, 2012)

2011:

COUNTRY WINNERS Banco Santander Uruguay (National, 2011)
COUNTRY WINNERS Citi (National, 2011)

2010:

COUNTRY WINNERS Banco Santander Uruguay (National, 2010)

2009:

COUNTRY WINNERS Citi (2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Uruguay GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: