Uruguay
| Total Population | 3,400,000 (est.) |
| Area | 173,620 km2 |
| Local Currency | Uruguayan Peso (UYU) |
| Literacy | 98.0% |
| Economically active population | 1,720,400 |
| as % of total population | 50.6% |
| Unemployment rate | 7.1% (urban areas - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 46,161 US$ millions |
| as % of Regional GDP | 0.8% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 13,577 US$ |
| Ranking in Latin America | 3 |
Important dates
- January 1 - New Year
- January 6-Three Kings Day
- Thursday and Friday of Carnival - Changes every day
- Holy Friday - Changes every year
- May 1-Labor Day
- May 18-Battle of Las Piedras
- June 19th-Anniversary of Jose Gervasio Artigas
- July 18-Constitution Day
- August 25-Independence Day
- October 12- Race Day
- November 2nd - Day of the Dead
- December 25-Christmas
Economic Statistics
| (years 2008 - proj. 2012) |
| Uruguay has a Gross Domestic Product of US$46,161MM. This is distributed by sectors in the following way: agriculture with 9.4%, having as main products rice, wheat, corn, barley; industry with 21.7%, having as main products food processing, electrical machinery, transportation equipment, petroleum products; and the services sector with 68.9%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
|
|||||
|
▲% GDP
|
7.2% | 2.4% | 8.9% | 5.7% | 3.8% |
|
Nominal GDP (US$ millions)
|
30,366 | 30,434 | 39,051 | 46,161 | 51,126 |
|
GDP per Head (US$)
|
9,202 | 9,222 | 11,486 | 13,577 | 15,037 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
9.4% | ||||
|
Industry
|
21.7% | ||||
|
Services
|
68.9% | ||||
|
Inflation rate
|
9.2% | 5.9% | 6.9% | 8.6% | 6.6% |
|
Budget Balance
|
-1.5% | -1.8% | -1.2% | -0.8% | -1.1% |
GDP Growth |
Trade Statistics
| Regarding foreign trade, Brazil represents its main commercial partner buying 19.9% of Uruguayan exports, whereas the main export products are constituted by meat & products. |
| Foreign Trade (2010) | |||||||
|---|---|---|---|---|---|---|---|
|
Exports
|
Imports
|
||||||
|
By countries
|
By countries
|
||||||
|
Brazil
|
19.9% |
Argentina
|
14.6% | ||||
|
China
|
13.3% |
Brazil
|
14.0% | ||||
|
Argentina
|
7.0% |
China
|
13.5% | ||||
|
Germany
|
6.4% |
Paraguay
|
9.1% | ||||
|
|
|
||||||
|
By products
|
By products
|
||||||
|
Meat & products
|
18.2% |
Intermediate goods
|
60.7% | ||||
|
Processed rice
|
5.9% |
Consumer goods
|
23.6% | ||||
|
Hides & skins
|
3.4% |
Capital goods
|
15.7% | ||||
|
Wool & products
|
3.2% |
|
|||||
| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: UYU / US$
(end of period) |
24.40 | 19.60 | 20.10 | 20.00 | 19.30 |
|
|
|||||
|
Exports of goods
|
7,096 | 6,392 | 8,030 | 9,341 | 9,235 |
|
Imports of goods
|
8,810 | 6,664 | 8,312 | 10,411 | 10,750 |
|
Trade & Services Balance
|
-960 | 658 | 746 | 367 | -54 |
|
% GDP
|
-3.2% | 2.2% | 1.9% | 0.8% | -0.1% |
|
Income Balance
|
-917 | -887 | -1,310 | -1,369 | -1,456 |
|
% GDP
|
-3.0% | -2.9% | -3.4% | -3.0% | -2.8% |
|
Current Transfers Balance
|
149 | 138 | 118 | 126 | 131 |
|
% GDP
|
0.5% | 0.5% | 0.3% | 0.3% | 0.3% |
|
Current Account Balance
|
-1,728 | -91 | -446 | -876 | -1,379 |
|
% GDP
|
-5.7% | -0.3% | -1.1% | -1.9% | -2.7% |
|
Net Direct Investments flows
|
2,117 | 1,618 | 2,489 | 2,527 | 2,531 |
|
% GDP
|
7.0% | 5.3% | 6.4% | 5.5% | 5.0% |
|
Net portfolio Investments flows
|
92 | -1,109 | -444 | 1,063 | -100 |
|
% GDP
|
0.3% | -3.6% | -1.1% | 2.3% | -0.2% |
Current Account Balance (% PIB) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | |
|---|---|---|---|---|---|
|
|
|||||
|
Foreign Debt Stock
|
9,644 | 11,131 | 11,347 | 11,567 | 11,453 |
|
% GDP
|
31.8% | 36.6% | 29.1% | 25.1% | 22.4% |
|
|
|||||
|
Foreign Debt Service
|
1,409 | 978 | 1,368 | 1,360 | 1,570 |
|
Principal repayments
|
910 | 532 | 698 | 669 | 839 |
|
Interest payments
|
499 | 446 | 670 | 691 | 731 |
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