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 in Uruguay

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 (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 2015 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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. 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(ranking by country on a basis of 144, the first is the best)

73 out of 138 countries

(2016-2017)

Index of Economic FreedomWSJ and Heritage Foundation

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

constitutional republic

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
1990 2000 2010 2014* 2019**
3.094 million 3.301 million 3.357 million 3.404 million 3.461 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
80.2% 85% 92% 95%
Population median age

34.3 years (2014 est.)

Population growth rate

0.26% (2014 est.)

Life expectancy

76.81 years (2014 estimate)

Adult literacy

98.1% (2010 estimate)

% of population living on less than $2 a day

1.3% (2012)

Inequality of wealth distribution (Gini index)

41.3 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

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

Source
Total telephone subscribers as % of population

Fixed 30.8%   Mobile 154.6%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

58.10% (2013)

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

Montevideo 114th (2014)

CO2 emissions(Metric tons of CO2 per capita)

2.0 (2010)

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