Uruguay: Economy

Economic Trivia

Uruguay was the only country in the Americas that managed to avoid a recession during the global financial crisis of 2008-2009.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Brazil, China, and Argentina
Top 3 Exported Goods (2014): Meat, Oil Seeds, and Cereals

Top Industries Source: CIA World Factbook

Food Processing; Electrical Machinery; Transportation Equipment; Petroleum Products

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $71,414,080,007 (2014)
GDP Growth Rate (annual %) 3.498% (2014)
GDP Per Capita, PPP (current international) $20,884 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 92/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 8.877% (2014)
External debt stocks, total (DOD, current US$) $14,349,584,000 (2011)
Total tax rate (% of commercial profits) 41.8% (2015)
Real Interest Rate (5 year average %) 5.454% (2014)
Manufacturing, value added (% of GDP) 14.089% (2014)
Current Account Balance (BoP, current US$) ($2,538,199,687) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 1,763,727 (2014)
Employment in Agriculture (% of total employment) 9.3% (2013)
Employment in Industry (% of total employment) 21.6% (2013)
Employment in Services (% of total employment) 69.1% (2013)
Unemployment Rate 7% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $14,683,804,479 (2014)
Exports of goods and services (current US$) $13,432,823,476 (2014)
Total Merchandise Trade (% of GDP) 35.928% (2014)
FDI, net inflows (BoP, current US$) $2,804,995,121 (2014)
Commercial Service Exports (current US$) $3,289,577,268 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Uruguay’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary