Browse a full set of economic indicators


Includes historical data for the Uruguay’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Strong Democracy Creates Economic Benefits

Uruguay stands out for its stable democracy, modern entrepreneurial environment, well-educated workforce and abundant agricultural and forestry resources. Regularly ranked as Latin America’s least corrupt country by Transparency International, it benefits from its strategic location within Mercosur (Southern Common Market), preferential trade relations with the EU and the United States, as well as bilateral investment treaties with over 30 countries. Above-average regulatory efficiency, respect for the rule of law, low political risk, and macroeconomic stability attract foreign investors. Additionally, universal healthcare coverage and free education make Uruguay one of the most egalitarian societies in the world, with high per capita income, low inequality and poverty levels, and minimal extreme poverty.

However, Uruguay also faces challenges. These include vulnerability to commodity price fluctuations and regional economic conditions, chronically high inflation and rigid labor laws. Furthermore, due to its limited market size and competition from larger economies Uruguay faces constraints in scaling its industries.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Montevideo
Sovereign Ratings S&P: BBB
Moody’s: Baa1
Fitch: BBB
Total Population 3.6 million
Median Age 36.0
Adult Per Capita Income (PPP) 34,344.72
Total GDP (2023) 82.6 billion

Uruguay GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 15.5 billion (2023)
Leading Exports Sulfate Wood Pulp
Concentrated Milk
Total Imports USD 15.7 billion (2022)
Leading Imports Crude Petroleum
Packaged Medicines
Broadcasting Equipment
Delivery Trucks
Source: World Integrated Trade Solution

Uruguay Leading Companies

Banco República (BROU) Financials
Banco Bandes Uruguay (BANDES) Financials
Administración Nacional de Combustibles (ANCAP) Oil & Gas Exploration & Production
Montevideo Shopping Consumer Discretionary, General Merchandise Stores
Cerra Metallurgica Uruguaya (CMU) Metals & Mining, Iron & Steel Producers
El País Media, Publishing

Major Trade Partners — Import

Brazil 20%
China 19%
Argentina 13%
United States 9%
Nigeria 4%

Major Trade Partners — Export

China 27%
Brazil 18%
Free zones, unspecified 13%
United States 6%
Argentina 5%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000