Source
Central bank

Central Bank of Uruguay

International Reserves

USD 15.6 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 60.2 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 81.6 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.5% 7.2% 4.2% 7.8% 5.2% 3.5% 4.6%
2014 2015 2016 2017* 2018*    
3.2% 0.4% 1.7% 2.7% 2.1%    

*Estimate

GDP per capita - current prices

USD 17,164.9 (2018, estimate)

GDP per capita - PPP

Intl$ 23,274.1 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.10% 0.08% 0.07% 0.06% 0.06%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.6% 
  • industry: 24.5% 
  • services: 60.8%

(2018 estimate)

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

N/A

 

Inflation
2015 2016 2017 2018* 2019*
8.7% 9.6% 6.2% 7.6% 7.6%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
7.5% 7.9% 7.9% 8.4% 8.6%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
62.9% 61.4% 60.7% 63.5% 64.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-2.2% -3.1% -2.7% -2% -2.8%

*Estimate   

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa2

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.4 billion (2018 estimate)

Current account balance by percentage of GDP

-0.6 % (2018 estimate)

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

21% (2018)

Shares in world total merchandising export

0.04% (2018)

Shares in world total commercial services export

0.08% (2018)

Total exports

USD 14.9 billion (2018)

Export commodities

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

Total imports

USD 12.9 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 19%, Brazil 16.1%, US 5.7%, Argentina 5.4% (2017)

Imports - major partners

China 20%, Brazil 19.5%, Argentina 12.6%, US 10.9% (2017)

FDI inflows
2016 2017 2018
USD -1,181 million USD -911 million USD -626 million
FDI outflows
2016 2017 2018
USD -63 million USD 1,294 million USD 273 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A USD 5.6 million N/A 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:

101 out of 190 countries

​Subcategories:
Starting a Business: 66 out of 190 countries
Dealing with Construction Permits: 151 out of 190 countries
Getting Electricity: 65 out of 190 countries
Registering Property: 119 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 153 out of 190 countries
Paying Taxes: 103 out of 190 countries
Trading across Borders: 150 out of 190 countries
Enforcing Contracts: 104 out of 190 countries
Resolving Insolvency: 70 out of 190 countries

Global competitiveness ranking

54 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 40 / Score: 68.6 (Moderately free)

(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)

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 est.)

Total population
1990 2000 2010 2015* 2020*
3.12 million 3.35 million 3.4 million 3.47 million 3.53 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
80.2% 85.4% 92% 95.3%
Population median age

35.1 years 

Population growth rate

0.27% (2018 estimate)

Life expectancy

77.6 years (2018 estimate)

Literacy

Total population: 98.6% 
Male: 98.2% 
Female: 99%
Definition: age 15 and over can read and write (2017 est.)

% of population living on less than $3.10 a day

0.4% (last available estimate, 2017)

Inequality of wealth distribution (Gini index)

39.5 (last available estimate, 2017)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 33.4%

Mobile: 149.9%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

68.28 % (2017)

Mercer Cost of living index

N/A

CO2 emissions

1.98 metric tons per capita (2014)

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