Source
Central bank

Central Bank of Uruguay

International Reserves

USD 13.4 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 58.1 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 76.4 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.1% 6.5% 7.2% 4.2% 7.8% 5.2% 3.5%
2013 2014 2015* 2016* 2017*    
4.6% 3.2% 1% 0.1% 1.2%    

*Estimate

GDP per capita - current prices

USD 16,908.5 (2017, estimate)

GDP per capita - PPP

Intl$ 22,223.7 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.10% 0.08% 0.07% 0.06% 0.06%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.3% 
  • industry: 26.1% 
  • services: 67.6%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015* 2016* 2017*
8.6% 8.9% 8.7% 10.2% 8.7%

*Estimate

Unemployment rate
2013 2014 2015* 2016* 2017*
6.5% 6.6% 7.5% 7.9% 8.5%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
60.2% 61.4% 64.3% 63.7% 65.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-2.3% -3.5% -3.6% -4.3% -3.7%

*Estimate   

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -1.8 billion (2017 estimate)

Current account balance by percentage of GDP

-3.1% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

22.3% (2015)

Shares in world total merchandising export

0.05% (2015)

Shares in world total commercial services export

0.06% (2015)

Total exports

USD 9.0 billion (2016 estimate)

Export commodities

Beef, soybeans, cellulose, rice, wheat, wood, dairy products; wool

Total imports

USD 9.1 billion (2016 estimate)

 
 
Source
Import commodities

Refined oil, crude oil, passenger and other transportation vehicles, vehicle parts, cellular phones

Exports - major partners

China 15%, Brazil 14.4%, US 6.5%, Argentina 4.9% (2015)

Imports - major partners

Brazil 18.2%, China 17.4%, Argentina 12.6%, US 9.1%, Germany 4.5%, Nigeria 4.1% (2015)

FDI inflows
2013 2014 2015
USD 3,032 million USD 2,188 million USD 1,647 million
FDI outflows
2013 2014 2015
USD 5.3 million USD 39.2 million USD 33.4 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 0.4 million USD 21.6 million USD 6.4 million N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 90 out of 190  countries (2017)

Subcategories:

Starting a business: 60 out of 190 countries

Enforcing Contracts: 111 out of 190 countries

Registering Property: 110 out of 190 countries

Getting Credit: 62 out of 190 countries

Protecting Minority Investors: 123 out of 190 countries

Trading Across Borders: 146 out of 190 countries

Paying Taxes: 113 out of 190 countries

Dealing with Construction Permits: 163 out of 190 countries

Getting Electricity: 43 out of 190 countries

Resolving Insolvency: 61 out of 190 countries

Global competitiveness ranking

73 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 41 / Score: 68.75 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-3

Total area

176,215 sq km

Capital

Montevideo

Currency

Uruguayan pesos (UYU)

Government type

Presidential republic

Languages

Spanish (official), Portunol, 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
1990 2000 2010 2016* 2021*
3.094 million 3.301 million 3.357 million 3.427 million 3.482 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
80% 85% 92% 95%
Population median age

34.7 years (2016 estimate)

Population growth rate

0.27% (2016 estimate)

Life expectancy

77.2 years (2016 estimate)

Literacy

Total population: 98.5%
Male: 98.2%
Female: 98.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

0.3% (2014 estimate)

Inequality of wealth distribution (Gini index)

41.6 (2014)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 32.26%   Mobile 160.21% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

64.6% (2015)

Mercer Cost of living index

Montevideo: 119th

(2016)

CO2 emissions

2.2 (2013)

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