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Currency exchange
08-Sep-2010

20.28 = 1US$


 




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 3,300,000 (est.)
Area 173,620 km2
Local Currency Uruguayan Peso (UYU)
Literacy 98.0%
Economically active population 1,669,800
as % of total population 50.6%
Unemployment rate 7.9% (urban areas - CEPAL statistic 2008)
   
Gross Domestic Product (GDP) 33,436 US$ millions
as % of Regional GDP 0.9% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 10,132 US$
Ranking in Latin America 3

Important dates
  • January 1 - New Year
  • January 6-Three Kings Day
  • Thursday and Friday-Changes yearly Carnival
  • Good Friday every year-Change
  • 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-Day Race
  • November 2nd Day of the Dead
  • December 25-Christmas
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Economic Statistics
(years 2006 - proj. 2010)
Uruguay has a Gross Domestic Product of US$33,436MM. This is distributed by sectors in the following way: agriculture with 9.5%, having as main products rice, wheat, corn, barley; industry with 23.4%, having as main products food processing, electrical machinery, transportation equipment, petroleum products; and the services sector with 67.1%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 4.6% 7.6% 8.9% 2.9% 4.0%
Nominal GDP (US$ millions) 20,044 24,280 32,186 33,436 40,425
GDP per Head (US$) 6,074 7,358 9,753 10,132 11,890
GDP by Sector     100.0%    
Agriculture     9.5%    
Industry     23.4%    
Services     67.1%    
Inflation rate 6.4% 8.5% 9.2% 5.9% 7.7%
Budget Balance -0.3% 0.0% -1.2% -1.9% -1.8%

GPD Growth
 
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Trade Statistics
Regarding foreign trade, Brazil represents its main commercial partner buying 18.7% of Uruguayan exports, whereas the main export products are constituted by meat & products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
Brazil 18.7% Argentina 19.6%
China 8.5% Brazil 17.9%
Argentina 7.3% China 11.0%
Germany 6.5% US 9.8%
By products By products
Meat & Products 22.3% Intermediate goods 66.6%
Processed rice 7.5% Consumer goods 18.0%
Hides & Skins 4.9% Capital goods 15.5%
Wool & products 2.8%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proj. 2010
 
Exchange rate: UYU / US$
(end of period)
24.40 21.50 24.40 19.60 22.10
           
Exports of goods 4,400 5,100 7,083 6,461 6,602
Imports of goods 4,898 5,645 8,811 6,606 7,485
Trade & Services Balance -89 158 -933 827 154
% GDP -0.4% 0.7% -2.9% 2.5% 0.4%
Income Balance -428 -516 -727 -714 -774
% GDP -2.1% -2.1% -2.3% -2.1% -1.9%
Current Transfers Balance 126 137 150 136 139
% GDP 0.6% 0.6% 0.5% 0.4% 0.3%
Current Account Balance -391 -221 -1,510 249 -481
% GDP
-2.0% -0.9% -4.7% 0.7% -1.2%
Net Direct Investments flows 1,495 1,240 1,839 1,135 1,436
% GDP 7.5% 5.1% 5.7% 3.4% 3.6%
Net Portfolio Investments flows 1,686 1,151 -574 -622 -485
% GDP 8.4% 4.7% -1.8% -1.9% -1.2%



 


 


2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 11,190 12,363 12,393 13,434 13,773
% GDP 55.8% 50.9% 38.5% 40.2% 34.1%
     
Foreign Debt Service 3,163 1,487 1,857 1,332 1,630
Principal repayments 2,408 770 1,106 599 893
Interest payments 755 717 751 733 737
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