Uruguay : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$10.41 billion (2011 est.)
$8.312 billion (2010 est.)


$9.341 billion (2011 est.)
$8.03 billion (2010 est.)

Inflation rate (consumer prices)

8.1% (2011 est.)
6.7% (2010 est.)

Unemployment rate

6% (2011 est.)
6.7% (2010 est.)

GDP - per capita (PPP)

$15,300 (2011 est.)
$14,500 (2010 est.)
$13,400 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

8.5% (2010 est.)
2.9% (2009 est.)
8.5% (2008 est.)

Internet users

1.405 million (2009)

Telephones - mobile cellular

4.437 million (2009)

Population growth rate

0.24% (2012 est.)


3,316,328 (July 2012 est.)

Historical background

Montevideo, founded by the Spanish in 1726 as a military stronghold, soon took advantage of its natural harbor to become an important commercial center.

Claimed by Argentina but annexed by Brazil in 1821, Uruguay declared its independence four years later and secured its freedom in 1828 after a three-year struggle.

The administrations of President Jose BATLLE in the early 20th century established widespread political, social, and economic reforms that established a statist tradition.

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Economic overview

Uruguay's economy is characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending.

After averaging growth of 5% annually during 1996-98, in 1999-2002 the economy suffered a major downturn, stemming largely from the spillover effects of the economic problems of its large neighbors, Argentina and Brazil.

In 2001-02, Argentine citizens made massive withdrawals of dollars deposited in Uruguayan banks after bank deposits in Argentina were frozen, which led to a plunge in the Uruguayan peso, a banking crisis, and a sharp economic contraction.

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PRS Group

Country Forecasts (Subscription, two issues per year, April & October)

Country Forecasts (Subscription, two issues per year, April & October)

  • $ 882
  • Country report
  • October 2014
  • by PRS Group

Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...

  • Countries : World, South America, Asia, Europe, North America, Africa, Dominican Republic, Czech Republic, South Korea, Philippines, Guinea, Congo, Democratic Republic Of, Papua New Guinea, New Zealand, Australia, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, United Kingdom, Switzerland, Netherlands, United Arab Emirates, Sri Lanka, Singapore, Saudi Arabia, Kazakhstan, Indonesia, Bangladesh, Azerbaijan, South Africa, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Ukraine, Sweden, Spain, Slovakia (slovak Republic), Russian Federation, Romania, Portugal, Poland, Norway, Italy, Ireland, Hungary, Greece, France, Germany, Finland, Denmark, Bulgaria, Belgium, Austria, Vietnam, Thailand, Taiwan, Syrian Arab Republic, Pakistan, Myanmar, Malaysia, Kuwait, Japan, Israel, India, China, Zimbabwe, Zambia, Tunisia, Sudan, Nigeria, Morocco, Libyan Arab Jamahiriya, Kenya, Ivory Coast (cote D'ivoire), Gabon, Ghana, Egypt, Cameroon, Botswana, Angola, Algeria, Oceania, Peru, Cuba, Oman, Iraq, Iran

The Economist Intelligence Unit

Country Risk Service Uruguay 3rd Quarter 2014

Country Risk Service Uruguay 3rd Quarter 2014

  • $ 520
  • Country report
  • September 2014
  • by The Economist Intelligence Unit


  • Countries : Uruguay

Oxford Economics

Country Economic Forecasts > Uruguay

Country Economic Forecasts > Uruguay

  • $ 185
  • Country report
  • October 2014
  • by Oxford Economics

Despite mixed regional and global conditions, Uruguay's economy continues to expand at a solid pace after posting expansion of 4.7% in 2013. GDP grew by some 3.3% on the year in H1 2014, supported by domestic ...

  • Countries : Uruguay

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