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The economy of Uruguay features an export-oriented agricultural sector and a well-educated workforce, along with high levels of social spending. Tourism and banking are also prominent sectors; Uruguay acts as a regional hub for international finance and tourism.
The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector, Uruguay's economy is on the whole more stable than in its surrounding states, and it maintains a solid reputation with investors.
La economía uruguaya es la décimo tercera economía de América Latina en términos de producto interno bruto (PIB) nominal, (después de Guatemala y antes que Costa Rica) y la décima cuarta en cuanto al PIB a precios de paridad de poder adquisitivo (PPA) (después de Bolivia y antes que Paraguay ). 17 Uruguay posee un ingreso per cápita alto (PIB ...
Apr 3, 2024 · In 2023, the economy grew by 0.4 percent, largely reflecting the drought-induced decline in agricultural production. Economic growth is expected to recover to 3.2 percent in 2024, driven by exports and private consumption, and supported by improvements in the labor market and inflation rates within the Central Bank of Uruguay’s target range.
Dec 22, 2021 · Economic overview. Uruguay has a free market economy characterized by an export-oriented agricultural sector, a well-educated workforce, and high levels of social spending.
Economic Summary. Uruguay is a market-oriented economy in which the State still plays a significant role. It became a high-income country by World Bank standards in 2013. Adjusted by purchasing power parity, Uruguay’s per capita GDP is the highest in South America. Social indicators are high by Latin American standards.
