Uruguay Economy

Uruguay is an upper middle income country comes under Latin America and Caribbean region, according to the classification made by the World Bank on the basis of income and region fro year 2006. The country has a total surface area of 176.2 thousand square kilometers as in 2004 with a total forest area of 14,090.0 square kilometers in 2000.

Uruguay is an upper middle income country comes under Latin America and Caribbean region, according to the classification made by the World Bank on the basis of income and region fro year 2006. The country has a total surface area of 176.2 thousand square kilometers as in 2004 with a total forest area of 14,090.0 square kilometers in 2000.

Uruguay Economy – Social Indicators:

The country has a total population of 3.4 millions as in 2004 with an annual percentage growth rate of 0.7. The following table shows the important demographic and social indicators in the country.

Social Indicators 2000 2003 2004 Population, total 3.3 million 3.4 million 3.4 million Population growth (annual %) 0.7 0.7 0.7 Life expectancy at birth, total (years) 74.9 74.9 75.2 Fertility rate, total (births per woman) 2.2 2.1 2.1 Mortality rate, infant (per 1,000 live births) 14.1 .. 15.0 Mortality rate, under-5 (per 1,000) 16.1 .. 17.0

  

Economic Indicators of Uruguay Economy

The services sector plays an important role by contributing a larger share to total GDP in Uruguay. The country has faced some economic problems in the recent years, particularly its products could not compete in the market. Important economic indicators in the country are as follows:

Econmic Indicator 2000 2003 2004 GNI, Atlas method (current US$) 20.5 billion 12.9 billion 13.4 billion GNI per capita, Atlas method (current US$) 6,150.0 3,780.0 3,900.0 GDP (current US$) 20.7 billion 11.2 billion 13.2 billion GDP growth (annual %) -1.4 2.5 11.9 Inflation, GDP deflator (annual %) 4.0 17.9 7.4