| Economy | Uruguay |
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Economy - overview:
|
Uruguay's economy is characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending. Following financial difficulties in the late 1990s and early 2000s, economic growth for Uruguay averaged 8% annually during the period 2004-08. The 2008-09 global financial crisis put a brake on Uruguay's vigorous growth, which decelerated to 2.6% in 2009. Nevertheless, the country managed to avoid a recession and keep positive growth rates, mainly through higher public expenditure and investment, and GDP growth reached 8.5% in 2010 and 6% in 2011. |
GDP (purchasing power parity):
|
$52.02 billion (2011 est.)
$49.06 billion (2010 est.)
$45.29 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$15,400 (2011 est.)
$14,600 (2010 est.)
$13,500 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$49.4 billion (2011 est.) |
GDP - real growth rate:
|
6% (2011 est.)
8.5% (2010 est.)
2.6% (2009 est.) |
GDP - composition by sector:
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agriculture: 9.1%
industry: 20.9%
services: 70% (2011 est.) |
Investment (gross fixed):
|
20.4% of GDP (2011 est.) |
Population below poverty line:
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20.9% of households (2009) |
Household income or consumption by percentage share:
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lowest 10%: 2.3%
highest 10%: 32.9% (2009) |
Distribution of family income - Gini index:
|
42.4 (2009)
44.8 (1999) |
Inflation rate (consumer prices):
|
7.8% (2011 est.)
6.7% (2010 est.) |
Central bank discount rate:
|
20% (31 December 2010)
20% (31 December 2009 est.) |
Commercial bank prime lending rate:
|
11.1% (31 December 2011 est.)
10.33% (31 December 2010 est.) |
Stock of money:
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$2.247 billion (31 December 2008)
$2.145 billion (31 December 2007) |
Stock of money - per capita:
|
680 USD per capita |
Stock of quasi money:
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$9.409 billion (31 December 2008)
$7.919 billion (31 December 2007) |
Stock of quasi money - per capita:
|
2,844 USD per capita |
Stock of domestic credit:
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$15.73 billion (31 December 2011 est.)
$12.74 billion (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
4,755 USD per capita |
Stock of narrow money:
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$4.868 billion (31 December 2011 est.)
$3.944 billion (31 December 2010 est.) |
Stock of broad money:
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$16.97 billion (31 December 2010 est.)
$14.22 billion (31 December 2009 est.) |
Labor force:
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1.639 million (2011 est.) |
Labor force participation rate:
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49.54 % of population |
Labor force - by occupation:
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agriculture: 13%
industry: 14%
services: 73% (2010 est.) |
Unemployment rate:
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6.3% (2011 est.)
6.7% (2010 est.) |
Unemployment, youth ages 15-24:
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total: 20%
male: 16.1%
female: 25.4% (2009) |
Budget:
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revenues: $14.02 billion
expenditures: $14.74 billion (2011 est.) |
Budget revenues per capita:
|
4,238 USD per capita |
Taxes and other revenues:
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28.4% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
-1.5% of GDP (2011 est.) |
Public debt:
|
49.2% of GDP (2011 est.)
56.3% of GDP (2010 est.) |
Industries:
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food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages |
Industrial production growth rate:
|
1.6% (2011 est.) |
Electricity - production:
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9.89 billion kWh (2010 est.) |
Electricity - production per capita:
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2,990 kWh per capita |
Electricity - consumption:
|
7.57 billion kWh (2010 est.) |
Electricity - consumption - per capita:
|
2,289 kWh per capita |
Electricity - exports:
|
711.4 million kWh (2010 est.) |
Electricity - imports:
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386.8 million kWh (2010 est.) |
Oil - production:
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903.3 bbl/day (2010 est.) |
Oil - production per capita:
|
274 bbl/day per capita |
Oil - consumption:
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52,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
5.74 bbl/year per capita |
Oil - exports:
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4,353 bbl/day (November 2010 est.) |
Oil - imports:
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53,110 bbl/day (November 2010 est.) |
Oil - proved reserves:
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0 bbl (1 January 2009 est.) |
Natural gas - production:
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0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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40 million cu m (2009 est.) |
Natural gas - consumption - per capita:
|
13 cu m per capita |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
76.6 million cu m (2010 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2011 est.) |
Agriculture - products:
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beef, soybeans, cellulose, rice, wheat, lumber, dairy products; fish |
Current account balance:
|
-$910.4 million (2011 est.)
-$442 million (2010 est.) |
Current account balance - per capita:
|
-275 USD per capita |
Exports:
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$9.716 billion (2011 est.)
$8.069 billion (2010 est.) |
Exports per capita:
|
2,937 USD per capita |
Exports - commodities:
|
beef, soybeans, cellulose, rice, wheat, wood, dairy products; wool |
Exports - partners:
|
Brazil 21%, Nueva Palmira Free Zone 10.2%, Argentina 7.5%, Chile 5.5%, Russia 5.3% (2010 est.) |
Imports:
|
$10.62 billion (2011 est.)
$8.32 billion (2010 est.) |
Imports per capita:
|
3,210 USD per capita |
Imports - commodities:
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crude oil (13.4%), refined oil (4.9%), passenger vehicles (3.5%), transportation vehicles (2.7%), vehicles parts (2.2%), cellular phones (2.1%), insecticides (1.7%) |
Imports - partners:
|
Brazil 18.6%, Argentina 16.7%, China 13.5%, Venezuela 9.1%, US 8.3%, Russia 4.2% (2010 est.) |
Reserves of foreign exchange and gold:
|
$8.907 billion (31 December 2011 est.)
$7.657 billion (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
2,693 USD per capita |
Debt - external:
|
$11.94 billion (31 December 2011 est.)
$12.25 billion (31 December 2010 est.) |
Debt - external - per capita:
|
3,609 USD per capita |
Stock of direct foreign investment - at home:
|
$9.1 billion (30 September 2010)
$7.7 billion (31 December 2009) |
Stock of direct foreign investment - at home - per capita:
|
2,751 USD per capita |
Stock of direct foreign investment - abroad:
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$300 million (2009 est.)
$156 million (2007 est.) |
Stock of direct foreign investment - abroad - per capita:
|
91 USD per capita |
Market value of publicly traded shares:
|
$238 million (31 December 2010)
$219 million (31 December 2009)
$NA (31 December 2008) |
Market value of publicly traded shares - per capita:
|
72 USD per capita |
Currency (code):
|
Uruguayan peso (UYU) |
Exchange rates:
|
Uruguayan pesos (UYU) per US dollar -
19.04 (2011 est.)
20.059 (2010 est.)
22.568 (2009)
20.936 (2008)
23.947 (2007) |
Fiscal year:
|
calendar year |
|
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