What is the GDP of Uruguay?

Uruguay's GDP is approximately $81 billion USD. The GDP growth rate is 3.1%.

What is the population of Uruguay?

Uruguay has a population of approximately 3.4 million people. The population growth rate is 0%.

What is the inflation rate in Uruguay?

The inflation rate in Uruguay is 4.8%.

What is the unemployment rate in Uruguay?

The unemployment rate in Uruguay is 7.5%.

What is the GDP per capita of Uruguay?

Uruguay's GDP per capita is approximately $23,907 USD.

Is Uruguay a good country to invest in?

Uruguay has an investment score of 66/100, classified as "Moderate" risk. Key sectors include Agriculture, Technology, Renewable Energy. Credit rating: NR.

How open is Uruguay's economy to trade?

Uruguay's trade openness (trade as % of GDP) is 52%. Exports total approximately $23.3B and imports $19.2B.

What is Uruguay's government debt?

Uruguay's government debt is approximately 66% of GDP. The current account balance is -0.8% of GDP.

How much foreign investment does Uruguay attract?

Foreign direct investment (FDI) in Uruguay is -4.9% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Uruguay?

Uruguay's economy is composed of services (65% of GDP), industry (17% of GDP), and agriculture (6% of GDP).

Can I start a business in Uruguay as a foreigner?

Uruguay offers various options for foreign entrepreneurs. Visit our business setup guide for Uruguay for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Uruguay's economy growing?

Uruguay's GDP growth rate is 3.1%. This is above the global average, indicating strong economic momentum.

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Uruguay Economy Overview

Name: Uruguay Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanHigh IncomeCapital: MontevideoURY

Moderate

Growing

81B USD

GDP (Nominal)

Growing at 3.1%

$23,907

GDP Per Capita

High income level

3.4M

Population

0% annual growth

High

4.8%

Inflation

Moderate

52%of GDP

Trade Openness

-4.9%of GDP

FDI Inflows

High

66%of GDP

Public Debt

High

7.5%

Unemployment

Surplus

+$4.1B

Trade Balance

GDP

Billion USD, nominal

$81B

2024+3.0B

GDP Growth

Annual %

3.1%

2024+2.4%

Inflation

Consumer prices, annual %

4.8%

2024-1.1%

Population

Millions

3.4M

2024+0.0M

Economic Structure

Services65%

Industry17%

Agriculture6%

Investment Score Breakdown

Economic Health (30%)62

Political Safety (25%)78

Business Climate (20%)68

Financial Strength (15%)58

Growth Potential (10%)52

Key Sectors

Agriculture

7% of GDP

stable

Technology

5% of GDP

growing

Renewable Energy

4% of GDP

growing

Tourism

6% of GDP

stable

Should I Invest in Uruguay?

BuySetup: DifficultROI: Moderate

Uruguay scores 66/100 on the NationsData Investment Index, rated "Moderate". Growth is healthy at 3%. Business setup takes approximately 39 days with a corporate tax rate of 25%.

Investment Score66/100

GDP Growth3%

Inflation5.5%

FDI/GDP2.8%

Public Debt58%

Political Stability0.8

Corporate Tax25%

Ease of Business#101

Strengths

+Good political stability and rule of law
+Favorable business climate with reasonable regulation
+Healthy GDP growth at 3%
+100% foreign ownership allowed - no local partner required
+Very low corruption - transparent business environment

Risks

-Elevated inflation (5.5%) - factor into pricing strategy
-Very slow contract enforcement (725 days) - use arbitration clauses
-High severance costs (4 weeks/year) - expensive to restructure

Also Consider

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Costa Rica

Same region, similar income level

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