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ECON FACTBOOK

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Economy of Uruguay

Population: 3.4 million in 20131

GDP: $56 billion in 20132

GDP per capita: $16,351 nominal3 ($19,590 PPP4) in 2013

GDP growth rate: 4.4% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities17,89643.1%
Wholesale, retail trade, restaurants and hotels7,02216.9%
Manufacturing5,34512.9%
Agriculture, hunting, forestry, fishing3,6268.7%
Construction3,3488.1%
Transport, storage and communication3,2257.8%
Mining and utilities1,0812.6%
Total value added41,544100%

Employment

Unemployment rate: 6.6% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles29218.0%
Manufacturing19311.9%
Agriculture, forestry and fishing1519.3%
Activities of households as employers1438.8%
Human health and social work1126.9%
Public administration and defence1046.4%
Education976.0%
Water supply, sewerage and waste management945.8%
Transportation and storage784.8%
Professional, scientific and technical593.7%
Administrative and support service553.4%
Accommodation and food service523.2%
Construction412.6%
Arts, entertainment and recreation382.4%
Information and communication322.0%
Finance and insurance271.6%
Other service231.4%
Electricity, gas, steam and air conditioning161.0%
Real estate70.4%
Mining and quarrying50.3%
Extraterritorial organizations and bodies10.1%
Total employment1,619100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $106 billion (189% of GDP) in 201410

Household Wealth per Adult: $43,867 in 201410

Gini Coefficient: .413 in 201211

Government

Central Government

Central Government Revenue: $17 billion (30% of GDP) in 201312

Central Government Expenditure: $18 billion (32% of GDP) in 201312

Central Government Budget Balance: -$1 billion (-2% of GDP) in 201312

Central Government Public Debt: $33 billion (59% of GDP) in Q3 201413

Central Government 10 Year Bond Interest Rate: 4.52% In Aug 201314

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2012* 15 16

Corporate Tax Rate: 25% in 201417

* Individual thresholds calculated using the exchange rate 24.4 UYU = 1 USD and 2,417 UYU = 1 BPC

Monetary Policy

Money Supply (M1): $4.8 billion (9% of GDP) in Dec 2014* 18

Benchmark Interest Rate: 9.25% in Mar 201319

Total Reserves: $16 billion (28% of GDP) in 201320

Exchange Rate: 24.4 Uruguayan Peso = 1 U.S. Dollar on Feb 4, 201421

Inflation: 8.6% in 201322

* Money supply calculated using the exchange rate 24.4 UYU = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201323

N/A (data not available at Relbanks.com)

International Accounts

Exports: $10.5 billion (19% of GDP) in 201324

Imports: $12.5 billion (22% of GDP) in 201324

Trade Balance: -$2.0 billion (-3% of GDP) in 201324

Foreign Direct Investment Inflow: $2.7 billion (5% of GDP) in 201325

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $19 million (0.03% of GDP) in 201226

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: ILOSTAT Database, Download (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board (Public debt) Go back
14. Source: Reuters (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Global Property Guide (BPC Rate) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: IMF Dissemination Standards Bulletin Board (Money supply) Go back
19. Source: Reuters (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: xe.com (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: World Bank Indicators (FDI data) Go back
26. Source: World Bank Indicators (Aid data) Go back