Uruguay

The Oriental Republic of Uruguay is located in Southern South America bordering Argentina, Brazil, and the South Atlantic Ocean. Uruguay is about the size of the state of Washington and covers an area of 176,220 sq. kilometers. The total population is 3.49 million and is growing at a rate of 0.466% with 92% living in urban areas. The capital of Montevideo has a population of 1.34 with other main cities including Salto (103,000), and Paysandu (80,000). The people are governed by a constitutional republic and are mostly Roman Catholic. The primary language is Spanish and the local currency is the Uruguayan Peso.Uruguay’s economy has experienced a strong period of growth since a regional recession in 2002. It has some of the freest political and labor conditions in the world and therefore maintains a strong, well-educated labor force. Its main trade partners are Brazil, Argentina, Mexico, China, US, Paraguay, Germany, and Nigeria. Its primary imports are crude petroleum and petroleum products, machinery, chemicals, road vehicles, paper, and plastics. Exports include meat, rice, leather products, wool, fish, and dairy products. Uruguay?s GDP (Purchasing Power Parity) is $42.46 billion and is growing at a real rate of 8.5% with an inflation rate of 9.2%. Uruguay ranked 109th out of 181 countries in the World Bank Group’s Ease of Doing Business Ranking.

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

42.46

Capital

Montevideo

Area (sq. km.)

176,220

GDP Real

Growth (%)

8.5

Other Large Cities

Salto, Paysandu

Population (million)

3.49

PerCap GDP ($)

12,200

Primary Language

Spanish

Population

Growth %

0.466

Prime Lending

Rate (%)

7

Urban

Population %

92

% Population

Under 15yrs

22.4

Inflation Rate%

9.2

Urban Growth %

0.4

Population below

poverty line (%)

27.4

Unemployment%

7.6

Literacy

(% of population)

98

Agricultural Workers

(% of population)

9

Foreign Direct

Investment($bn)

4.19

Education spending

as % of GDP

2.9

Industrial Workers

(% of population)

15

Debt-External

($bn)

11.48

CPI Score

(1-10)*

6.9

Service Workers

(% of population)

76

Exports ($bn)

6

Corporate Income Tax %

30

Labor Force (mil)

1.641

Imports ($bn)

7

Ease of Doing

Business Ranking **

109

CURRENCY EXCHANGE RATE

06/25/09 $1 = 23.5 UYP

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