Uruguay

Description of Uruguay

Uruguay, a small South American country nestled between Brazil and Argentina, has drawn global attention for its stable political environment, progressive social policies, and impressive economic growth in recent years. With a strong emphasis on education, healthcare, and social welfare, Uruguay stands out as a model of success in the region. Its rich cultural heritage, vibrant arts scene, and stunning natural landscapes further enhance its appeal to both tourists and investors alike. Join us as we delve into the intricate tapestry of Uruguay's economic landscape, exploring the factors that have contributed to its development and its unique position on the world stage.

Population And Age Structure

Population, total: Uruguay's population of 3,429,086 is below the average of 40,097,746. Uruguay ranks 131 out of 194 countries in total population.

Population ages 0-14 (% of total population): With 19.80% of the population aged 0-14, Uruguay is below the average of 27.34%. The country ranks 131 out of 194 in this attribute.

Population ages 0-14, total: Uruguay's total population aged 0-14 is 678,850, below the average of 10,327,379. The country ranks 136 out of 194 countries in this category.

Population ages 15-64 (% of total population): Uruguay's 15-64 age group constitutes 64.87% of the population, above the average of 63.44%. The country ranks 92 out of 194 nations based on this metric.

Population ages 15-64, total: With 2,224,277 individuals aged 15-64, Uruguay falls below the average of 26,003,407. The country ranks 132 out of 194 in this aspect.

Population ages 65 and above (% of total population): Uruguay's population aged 65 and above makes up 15.34% of the total, higher than the average of 9.22%. With this figure, Uruguay ranks 44 out of 194 countries.

Population ages 65 and above, total: Uruguay has 525,958 individuals aged 65 and above, below the average of 3,766,959. The country ranks 99 out of 194 nations regarding this demographic.

Summary

Uruguay has a relatively small total population compared to the global average, with a higher proportion of individuals aged 65 and above and a lower percentage of youth aged 0-14. The country also has a higher percentage of working-age individuals (15-64) compared to the average. These demographic indicators are crucial for policymakers as they highlight Uruguay's aging population trend, which can impact labor force dynamics, healthcare needs, and social security requirements in the future.

Population Miscellaneous

The rural population of Uruguay is 153,795, which is significantly below the attribute average of 18,044,041. Uruguay ranks 166th out of 190 countries in this category.

The percentage of rural population in Uruguay is 4.485%, well below the average of 41.16%. This places Uruguay at 187th out of 190 countries.

Uruguay's urban population is 3,275,291, notably lower than the average of 22,425,747. Uruguay ranks 115th out of 194 countries in urban population.

With 95.515% of its population living in urban areas, Uruguay exceeds the average of 59.69%. This places Uruguay at the 8th position out of 194 countries.

The age dependency ratio in Uruguay is 54.17%, slightly below the average of 59.22%. Uruguay ranks 103rd out of 194 countries in this aspect.

Uruguay's crude birth rate is 10.339 per 1,000 people, lower than the average of 19.38. This places Uruguay at the 151st position out of 192 countries.

The crude death rate in Uruguay is 9.432 per 1,000 people, higher than the average rate of 8.21. Uruguay is ranked 52nd out of 192 countries in this metric.

Uruguay's total fertility rate is 1.477 births per woman, below the average of 2.6. This ranks Uruguay 159th out of 190 countries in fertility rate.

Summary

Uruguay stands out with a significantly lower rural population and a higher urban population percentage compared to global averages. This indicates a strong trend towards urbanization in the country. Uruguay also shows below-average values in key demographic indicators such as age dependency ratio, crude birth rate, crude death rate, and total fertility rate, highlighting potential implications for its future development and economic dynamics.

Military

Uruguay's military expenditure is $1.09 billion, which is below the average of $12.90 billion, ranking 70th out of 149 countries in the dataset.

Uruguay's military expenditure as a percentage of GDP is 2.04%, slightly above the average of 1.90%, placing it at the 45th position out of 148 countries.

Uruguay's arms imports amount to $25 million, significantly lower than the average of $205.52 million, with a ranking of 70 out of 113 countries.

Uruguay has 22,000 armed forces personnel, below the average of 165,908, positioning it at 103rd out of 164 countries.

The percentage of Uruguay's total labor force in armed forces personnel is 1.31%, slightly above the average of 1.28%, ranking 49th out of 164 countries.

Summary

Uruguay's military expenditure, though significantly lower than the global average, still places the country at the 70th position in the dataset, indicating a focus on efficient resource allocation in defense. Despite Uruguay's modest investment in arms imports and armed forces personnel compared to the average, the country maintains a slightly higher-than-average percentage of its labor force in armed forces, suggesting a strategic approach to military staffing and deployment.

These indicators are crucial in understanding Uruguay's defense capabilities, resource allocation efficiency, and strategic military positioning compared to global norms. They provide valuable insights for policymakers, stakeholders, and analysts assessing Uruguay's defense strategy, national security posture, and potential for international military cooperation or conflict resolution.

Natural Resources

Uruguay's forest area covers 20,310 sq. km, well below the average of 211,606 sq. km, ranking 107th out of 191 countries in the dataset.

The land area of Uruguay is 175,020 sq. km, significantly lower than the average of 665,166 sq. km, placing it at 89th out of 194 countries.

Uruguay's surface area is 176,220 sq. km, which is below the average of 689,779 sq. km, ranking 89th out of 194 countries.

Uruguay has 2,024,400 hectares of arable land, much lower than the average of 7,329,543 hectares, placing it at 84th out of 190 countries.

The land under cereal production in Uruguay is 705,669 hectares, below the average of 4,206,011 hectares, ranking at 91st out of 174 countries.

Uruguay receives an average annual precipitation depth of 1300 mm, higher than the average of 1157.83 mm, ranking 67th out of 178 countries.

Uruguay possesses 92.2 billion cubic meters of renewable internal freshwater resources, significantly lower than the average of 240.41 billion cubic meters, placing it 60th out of 178 countries.

Summary

Uruguay's land area, forest area, arable land, and land under cereal production are all below global averages, indicating limited natural resources for agriculture and forestry. Despite receiving above-average annual precipitation, its renewable internal freshwater resources are significantly lower than the global average. These indicators are crucial as they highlight Uruguay's potential challenges in sustaining agriculture and forestry sectors, emphasizing the need for efficient water management and conservation strategies to ensure long-term environmental and economic sustainability.

Resource Rents

Analysis of key statistics for Uruguay:

1. Total natural resources rents (% of GDP): Uruguay's value is 2.29%, which is below the average of 4.63%. This ranks Uruguay 80th out of 175 countries with available data.

2. Forest rents (% of GDP): Uruguay's value is 2.29%, above the average of 1.53%. This places Uruguay 34th out of 174 countries with available data.

3. Oil rents (% of GDP): Uruguay's value is 0.00%, significantly below the average of 2.51%. This ranks Uruguay 104th out of 117 countries with available data.

Summary

In summary, Uruguay has below-average total natural resources rents (% of GDP) but above-average forest rents (% of GDP) compared to global averages. However, the country significantly lags in oil rents (% of GDP) compared to the average. These indicators are crucial as they reflect Uruguay's economic reliance on natural resources, particularly forests, and its lack of significant oil resources, which could impact its economic development and strategic positioning in the global energy market.

Commodities

1. Cereal production (metric tons): Uruguay's production of 3,503,149.91 metric tons is below the average of 17,249,945.93 metric tons, ranking 73 out of 174 countries.

2. Aquaculture production (metric tons): With a production of 103 metric tons, Uruguay significantly falls below the average of 679,642.92 metric tons, ranking 150 out of 180 countries.

3. Capture fisheries production (metric tons): Uruguay's production of 62,879.87 metric tons is below the average of 467,453.06 metric tons, ranking 91 out of 190 countries.

4. Total fisheries production (metric tons): With a production of 62,982.87 metric tons, Uruguay is below the average of 1,153,914.85 metric tons, ranking 94 out of 182 countries.

5. Fertilizer consumption (kilograms per hectare of arable land): Uruguay's consumption of 193.95 kg/ha is above the average of 159.04 kg/ha, ranking 45 out of 187 countries.

Summary

Uruguay's agricultural sector demonstrates mixed performance in key production areas. While the country's cereal production falls significantly below the global average, its capture fisheries and total fisheries production are also below average. However, Uruguay surpasses the global average in fertilizer consumption per hectare of arable land. These indicators are crucial as they reflect Uruguay's agricultural productivity, sustainability, and potential for growth in the global market.

Intellectual Property

Uruguay has 5238 trademark applications by nonresidents, which is below the average of 15878.93. The country ranks 67th out of 130 countries in this attribute.

For trademark applications by residents, Uruguay has 4098 applications, significantly below the average of 111055.78. It ranks 67th out of 129 countries in this category.

Uruguay produced 959.51 scientific and technical journal articles, much lower than the average of 15103.76. The country ranks 83rd out of 192 countries in this field.

With charges for the use of intellectual property payments standing at $125,883,223.52, Uruguay falls below the average of $3,218,843,494.39. It ranks 68th out of 143 countries in this aspect.

Regarding charges for the use of intellectual property receipts, Uruguay recorded $26,244,533.01, also below the average of $3,191,687,117.58. It ranks 55th out of 122 countries.

Uruguay has 806.24 researchers in R&D per million people, lower than the average of 2556.45. The country ranks 46th out of 72 countries in this measure.

Summary

Uruguay lags behind global averages in key macroeconomic indicators related to innovation and intellectual property. The country ranks relatively low in trademark applications, scientific publications, intellectual property payments, and research expenditure compared to other nations. These indicators are crucial as they reflect Uruguay's level of investment in research and development, innovation capabilities, and ability to compete in the global knowledge economy.

Broad Economy Attributes

Uruguay's GDP (current US$) is $53,666,908,053.77, which is below the average of $442,870,224,838.68. Uruguay ranks 81 out of 189 countries in this attribute.

For GDP, PPP (current international $), Uruguay's value is $79,931,262,629.08, lower than the average of $734,141,122,350.78. It ranks 94 out of 181 countries.

Uruguay's GDP per capita (current US$) is $15,650.50, slightly above the average of $15,462.11. It holds the 52nd rank out of 190 countries.

In terms of GDP per capita, PPP (current international $), Uruguay's value is $23,309.79, higher than the average of $21,251.89. It ranks 58 out of 181 countries.

Uruguay's GNI (current US$) stands at $50,742,670,682.72, below the average of $452,040,815,370.70. It is ranked 81 out of 185 countries.

For GNI, PPP (current international $), Uruguay's value is $75,575,916,033.36, lower than the average of $730,698,223,823.47. It ranks 94 out of 181 countries.

Finally, in GNI per capita, PPP (current international $), Uruguay's value is $22,040, higher than the average of $20,615.75. It is placed 59 out of 181 countries.

Summary

Uruguay performs below the global average in terms of GDP, GNI, and GDP per capita based on both current US dollars and PPP. While Uruguay's GDP per capita is slightly above the average, the country's GNI per capita is below the average. These statistics are crucial as they provide insights into Uruguay's economic strength, income levels, and overall development compared to other nations globally.

Broad Value Added

Uruguay's Gross Value Added at basic prices (GVA) stands at $47,595,134,208.95, ranking 77th out of 176 countries. This is below the attribute average of $360,070,943,595.12.

In terms of Agriculture, forestry, and fishing value added as a percentage of GDP, Uruguay is at 6.49%, ranking 100th out of 182 countries, which is below the average of 10.86%.

The country's Agriculture, forestry, and fishing value added in current US dollars is $3,483,752,246.79, placing Uruguay at the 87th position out of 182 countries. This value is below the average of $19,924,732,828.07.

Uruguay's Services value added as a percentage of GDP is 64.52%, ranking 48th out of 183 countries, which is above the average of 56.72%.

For Services value added in current US dollars, Uruguay records $34,626,528,387.73, ranking 74th out of 183 countries. This figure is below the average of $295,837,711,130.69.

Lastly, in terms of Industry (including construction) value added in current US dollars, Uruguay's value of $9,484,853,574.44 places it at the 89th position out of 183 countries. This is also below the average of $118,421,095,413.50.

Summary

Uruguay's economic performance in key sectors such as agriculture, services, and industry reveals a mixed picture. While the country excels in services with a high percentage of GDP and value added, it lags behind in agriculture and industry sectors both in terms of percentage contribution to GDP and value added in current US dollars. This underperformance in traditional sectors like agriculture and industry could indicate a need for diversification and modernization of the economy to ensure sustained growth and competitiveness in the global market.

Manufacturing Value Added

- Manufacturing, value added (current US$): Uruguay's value of 5,503.87 million USD is significantly below the average of 76,207.18 million USD, ranking 83 out of 173 countries in the dataset.
- Manufacturing, value added (% of GDP): At 10.26%, Uruguay's manufacturing value added as a percentage of GDP is below the average of 11.90%, placing it at rank 100 out of 173 countries.
- Medium and high-tech manufacturing value added (% manufacturing value added): Uruguay's value of 19.46% is below the average of 24.49%, ranking 84 out of 149 countries.
- Chemicals (% of value added in manufacturing): Uruguay's value of 12.86% exceeds the average of 11.56%, placing it at rank 30 out of 89 countries.
- Food, beverages and tobacco (% of value added in manufacturing): Uruguay's value of 40.87% is significantly above the average of 24.51%, ranking 14 out of 92 countries.
- Machinery and transport equipment (% of value added in manufacturing): Uruguay's value of 5.91% is well below the average of 16.85%, placing it at rank 67 out of 93 countries.
- Textiles and clothing (% of value added in manufacturing): At 2.90%, Uruguay's value is below the average of 6.33%, ranking 51 out of 93 countries.
- Other manufacturing (% of value added in manufacturing): Uruguay's value of 37.45% is below the average of 42.13%, placing it at rank 60 out of 94 countries.

Summary

Uruguay's manufacturing sector is characterized by a lower overall value added compared to the global average, ranking below average in terms of GDP contribution and high-tech manufacturing. However, the country performs well in certain subsectors such as chemicals and food, beverages, and tobacco, where it exceeds the global averages. These statistics are important as they highlight Uruguay's strengths and weaknesses in the manufacturing industry, providing insight for policymakers to focus on improving competitiveness in key areas to drive economic growth and diversification.

Money

Analysis of key macroeconomic indicators for Uruguay:

1. Inflation, consumer prices (annual %): Uruguay's inflation rate is 9.76%, slightly higher than the average of 8.26%. Uruguay ranks 18th out of 165 countries in this indicator.

2. Inflation, GDP deflator (annual %): Uruguay's inflation rate based on the GDP deflator is 9.96%, well above the average of 6.90%. The country also ranks 18th out of 188 countries in this metric.

3. Broad money growth (annual %): Uruguay's broad money growth stands at 24.33%, significantly surpassing the average of 18.03%. Uruguay is ranked 14th out of 139 countries in this aspect.

4. Broad money (% of GDP): Uruguay's broad money as a percentage of GDP is 59.01%, below the average of 71.75%. The country is ranked 77th out of 139 countries in this category.

5. Broad money to total reserves ratio: Uruguay's ratio is 1.95, lower than the average of 5.17. The country ranks 93rd out of 126 countries in this ratio.

Summary

Uruguay exhibits higher-than-average inflation rates both in consumer prices and GDP deflator, ranking 18th in both indicators globally. The country's broad money growth rate surpasses the average significantly, positioning Uruguay at 14th globally. However, its broad money as a percentage of GDP is lower than the average, ranking 77th worldwide. The lower broad money to total reserves ratio, ranking 93rd globally, indicates a potential challenge in managing liquidity and financial stability.

These indicators are crucial as they provide insights into Uruguay's economic stability, monetary policy effectiveness, and potential vulnerabilities. High inflation rates may affect purchasing power and investment decisions, while the low broad money to GDP ratio and total reserves ratio may indicate risks in managing liquidity and external shocks.

Consumption Expenditure

Final consumption expenditure (current US$): In Uruguay, the final consumption expenditure is $42,507,517,982.64, which is significantly below the attribute average of $381,630,252,515.38. Uruguay ranks 75th out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Uruguay's final consumption expenditure as a percentage of GDP is 79.21%, slightly below the attribute average of 82.37%. This places Uruguay at the 86th rank out of 159 countries in this category.

Summary

Uruguay's final consumption expenditure in current US dollars is notably lower than the global average, ranking 75th out of 159 countries. Additionally, Uruguay's final consumption expenditure as a percentage of GDP is slightly below the average, placing the country at the 86th rank. These indicators suggest that Uruguay may have room for potential growth in domestic consumption and economic development to catch up with global standards.

Investment

Uruguay's net foreign direct investment stands at -$1.02 billion, ranking 113th out of 169 countries. This value is above the attribute average of -$1.62 billion. In terms of net foreign direct investment inflows, Uruguay received $528.08 million, ranking 93rd out of 182 countries. However, this value is below the attribute average of $5.75 billion. The country's net foreign direct investment inflows as a percentage of GDP is 0.98%, ranking 119th out of 178 countries, below the average of 2.61%.

Uruguay's net foreign direct investment outflows amount to -$490.85 million, placing it in 143rd position out of 156 countries, which is below the average outflow of $5.71 billion. The country's net foreign direct investment outflows as a percentage of GDP is -0.91%, ranking 137th out of 155 countries, below the average of 1.00%. In terms of portfolio investment, Uruguay received $1.48 billion, ranking 37th out of 159 countries. This amount exceeded the attribute average of $679.56 million.

Uruguay's portfolio equity net inflows totaled $66.97 million which is considerably below the average of $9.20 billion. Despite this, Uruguay is ranked 34th out of 125 countries in this category.

Summary

Uruguay's net foreign direct investment inflows are below the global average, indicating potential room for growth in attracting foreign investment. However, the country performs well in terms of portfolio investment, ranking higher than average in both total portfolio investment and portfolio equity net inflows. These indicators are crucial as they reflect Uruguay's ability to attract different forms of investment, which can contribute to its economic development and resilience.

Broad Trade Attributes

Uruguay's Trade (% of GDP) stands at 46.02%, which is below the attribute average of 82.34%. The country ranks 125 out of 163 countries in this dataset.

For Merchandise trade (% of GDP), Uruguay's value of 26.88% is below the average of 60.01%. This places Uruguay at rank 169 out of 186 countries.

Uruguay's Trade in services (% of GDP) is 13.51%, lower than the average of 24.63%. The country holds the 95th position out of 171 countries.

Uruguay's External balance on goods and services is valued at $2,361,336,540.83, below the average of $3,405,509,011.13. In this indicator, Uruguay ranks 40 out of 163 countries.

In terms of External balance on goods and services (% of GDP), Uruguay's value of 4.40% surpasses the average of -5.97%. This places Uruguay at the 29th position out of 163 countries.

Summary

Uruguay performs below the global average across key trade indicators such as Trade (% of GDP), Merchandise trade (% of GDP), and Trade in services (% of GDP). However, the country exhibits a positive External balance on goods and services (% of GDP), surpassing the international average. These statistics are crucial as they reflect Uruguay's positioning in the global market, highlighting areas for improvement in trade performance and opportunities for economic growth.

Net Trade

Uruguay's current account balance stands at -435.2 million US$, ranking 100 out of 170 countries. This value is significantly below the average current account balance of 1.44 billion US$.

The current account balance as a percentage of GDP for Uruguay is at -0.81%, ranking 75 out of 170 countries. This figure is higher than the average current account balance percentage of GDP, which is -2.36%.

Uruguay's net trade in goods and services is 2.42 billion US$, with a rank of 44 out of 171 countries. This value is slightly below the average of 2.6 billion US$.

For net primary income, Uruguay's value is -2.92 billion US$, ranking 129 out of 170 countries. This is significantly below the average net primary income of -903.8 million US$.

Uruguay's net secondary income is 68.65 million US$, ranking 107 out of 170 countries. This value is above the average net secondary income of -269.2 million US$.

The country's net trade in goods is 2.22 billion US$, ranking 43 out of 171 countries. This figure is above the average net trade in goods of 1.3 billion US$.

Uruguay's net capital account stands at 53.95 million US$, ranking 82 out of 159 countries. This value is below the average net capital account of 136.54 million US$.

Lastly, the net financial account for Uruguay is 514.75 million US$, with a rank of 51 out of 170 countries. This value is significantly above the average net financial account of -469.84 million US$.

Summary

Uruguay's macroeconomic indicators paint a mixed picture. While the country struggles with a negative current account balance and net primary income, it performs well in net trade in goods and services, net secondary income, net trade in goods, net capital account, and net financial account. These indicators are crucial as they reflect Uruguay's economic performance in terms of international trade, income generation, and capital flows, influencing its overall economic stability and growth prospects.

Broad Export Attributes

Uruguay's Exports of goods, services and primary income amount to $14,584,885,747.27, which is below the attribute average of $146,238,908,936.30. Uruguay ranks 80th out of 170 countries in this category.

For Exports of goods and services, Uruguay's value is $13,850,593,492.88, below the attribute average of $122,938,540,059.78. It ranks 81st out of 170 countries in this aspect.

Uruguay's Exports of goods and services as a percentage of GDP is 25.21%, lower than the average of 38.19%. The country ranks 102nd out of 163 in this metric.

In Goods exports, Uruguay's value is $10,127,376,797.32, which falls below the average of $93,310,581,697.39. It ranks 81st out of 171 countries in this aspect.

Uruguay's International tourism receipts as a percentage of total exports stand at 7.83%, less than the average of 9.74%. The country ranks 39th out of 120 countries in this category.

For ICT goods exports as a percentage of total goods exports, Uruguay's value is 0.10%, significantly below the average of 3.81%. It ranks 109th out of 142 countries in this attribute.

Summary

Uruguay's exports of goods, services, and primary income are considerably below the global average, ranking 80th out of 170 countries, indicating room for growth and diversification in its export portfolio. The country's relatively low percentage of GDP attributed to exports and lackluster performance in ICT goods exports highlight the need for Uruguay to enhance its export competitiveness and explore new markets to boost economic growth and resilience against external shocks.

Merchandise Exports

Uruguay's merchandise exports amount to $6.86 billion, ranking 95th out of 187 countries. This is significantly below the average merchandise exports of $89.54 billion.

Agricultural raw materials exports account for 14.29% of Uruguay's merchandise exports, ranking 5th out of 151 countries. This percentage is notably higher than the average of 2.97%.

Food exports make up 67.15% of Uruguay's merchandise exports, placing it 11th out of 152 countries. Uruguay's percentage far exceeds the average of 24.06%.

Uruguay's fuel exports constitute only 1.24% of its merchandise exports, ranking 99th out of 147 countries. This is considerably lower than the average fuel exports of 13.70%.

The country's ores and metals exports represent 0.39% of merchandise exports, placing it 137th out of 152 countries. Uruguay's figure falls below the average of 9.10%.

Uruguay's residual merchandise exports contribute 15.13% to total merchandise exports, ranking 9th out of 166 countries. This percentage is significantly higher than the average residual merchandise exports of 3.20%.

Summary

Uruguay's key macroeconomic indicators reveal a heavy reliance on agricultural raw materials and food exports, which together constitute over 80% of its merchandise exports. This specialization in agricultural products can pose risks due to fluctuations in global food prices and demand. Diversifying the export base beyond the agricultural sector could help mitigate these risks and strengthen Uruguay's resilience against external economic shocks.

Technology Exports

Uruguay's manufactures exports account for 16.93% of its merchandise exports, which is below the average of 42.62%. This places Uruguay at rank 107 out of 152 countries in this category.

Uruguay's high-technology exports amount to $113,936,601, significantly below the average of $16,655,934,078.80. Uruguay is ranked 79th out of 151 countries for this metric.

High-technology exports contribute 9.80% to Uruguay's manufactured exports, slightly lower than the average of 10.15%. Uruguay holds the 53rd position out of 150 countries in this aspect.

Uruguay's medium and high-tech exports represent 22.35% of its manufactured exports, falling short of the average of 34.29%. In this category, Uruguay ranks 90th out of 149 countries.

Summary

Uruguay falls below global averages in various key macroeconomic indicators related to exports, specifically in manufactures exports, high-technology exports, and medium to high-tech exports. This positions Uruguay at lower rankings compared to a significant number of countries worldwide. These findings indicate a potential need for Uruguay to focus on enhancing its technological capabilities, diversifying its export base, and improving competitiveness in the global market to drive economic growth and development.

Service Exports

Service exports in Uruguay amount to $3.7 billion, ranking 75th out of 171 countries. This is significantly below the average of $28.9 billion for this attribute.

ICT service exports in Uruguay total $1.02 billion, placing the country 54th out of 166 nations. Uruguay's performance is below the average ICT service export value of $4.58 billion.

Uruguay's ICT service exports account for 27.3% of its total service exports, positioning the country 15th out of 166 countries. This percentage is notably higher than the average of 11.75%.

Communications, computer, etc. services constitute 53.1% of Uruguay's service exports, ranking 70th out of 169 countries. This figure is above the average of 45.85%.

Transport services represent 10.4% of Uruguay's service exports, placing the country 117th out of 169 nations. Uruguay falls below the average percentage of 21.8% for this attribute.

Travel services contribute 28.4% to Uruguay's service exports, ranking 62nd out of 167 countries. This value is slightly higher than the average of 26.4%.

Insurance and financial services make up 8.0% of Uruguay's service exports, positioning the country 41st out of 161 nations. This percentage surpasses the average of 6.46% for this attribute.

Summary

Uruguay's service exports performance is mixed compared to global averages. While the country excels in ICT service exports as a proportion of total service exports, it falls short in the overall value of service exports. The composition of Uruguay's service exports, with a significant emphasis on communications and computer services, highlights the country's strengths in these sectors which can be leveraged for further economic growth and diversification.

Commercial Service Exports

For Commercial service exports (current US$), Uruguay's value is $3.66 billion, which is below the average of $28.51 billion. Uruguay ranks 72 out of 171 countries in this data set.

Travel services (% of commercial service exports) in Uruguay account for 28.86%, slightly above the average of 27.89%. Uruguay ranks 63 out of 167 countries for this attribute.

Uruguay's Computer, communications and other services (% of commercial service exports) stand at 52.35%, much higher than the average of 42.44%. Uruguay ranks 65 out of 169 countries in this category.

Insurance and financial services (% of commercial service exports) in Uruguay represent 8.17% of exports, surpassing the average of 6.97%. Uruguay ranks 42 out of 161 countries for this attribute.

Transport services (% of commercial service exports) in Uruguay make up 10.61% of exports, significantly below the average of 23.37%. Uruguay ranks 118 out of 169 countries in this aspect.

Summary

Uruguay performs below the global average in Commercial service exports, ranking 72nd out of 171 countries. However, it excels in the composition of its service exports, with higher than average percentages in Travel services, Computer, communications and other services, Insurance and financial services, while falling short in Transport services. These indicators are crucial as they reflect Uruguay's economic specialization and competitiveness in the global market, highlighting its strengths and areas for improvement in the services sector.

Broad Import Attributes

Uruguay's imports of goods and services amount to $11,167,356,516.60, which is significantly below the average of $126,191,355,599.06. Uruguay ranks 88th out of 163 countries in this category.

Imports of goods and services as a percentage of GDP in Uruguay stand at 20.81%, below the average of 44.15%. Uruguay ranks 141st out of 163 countries in this metric.

Uruguay's international tourism expenditures as a percentage of total imports are 3.60%, slightly lower than the average of 3.98%. Uruguay ranks 49th out of 131 countries in this aspect.

Uruguay's ICT goods imports as a percentage of total goods imports are at 6.67%, slightly below the average of 6.85%. The country ranks 50th out of 143 countries for this indicator.

The value of goods imports (Balance of Payments) in Uruguay is $7,903,627,989.20, well below the average of $92,007,788,027.17. Uruguay ranks 95th out of 171 countries in this category.

For imports of goods and services (Balance of Payments), Uruguay's value is $11,430,213,744.87, significantly less than the average of $120,321,577,988.12. Uruguay is ranked 90th out of 170 countries in this metric.

Uruguay's imports of goods, services, and primary income (Balance of Payments) is $15,088,744,591.22, notably lower than the average of $144,514,428,722.28. The country is ranked 88th out of 170 countries for this particular aspect.

Summary

Uruguay's imports of goods and services are significantly below the global average, ranking 88th out of 163 countries in this category. Importantly, the country's imports as a percentage of GDP are also below average, ranking 141st globally. These indicators suggest that Uruguay may have a more closed economy compared to other nations, potentially impacting its trade relationships, economic diversification, and overall economic growth.

Merchandise Imports

Uruguay's merchandise imports amount to $7.56 billion, which is significantly below the attribute average of $89.39 billion, ranking 102 out of 190 countries. The country heavily relies on manufacturing imports, accounting for 70.31% of merchandise imports, surpassing the average of 66.76% and ranking 60 out of 152 countries.

When it comes to agricultural raw materials imports, Uruguay's 1.15% of merchandise imports is slightly below the average of 1.27%, ranking 74 out of 152 countries. In terms of food imports, Uruguay's 15.98% is slightly above the average of 15.89%, ranking 61 out of 152 countries.

Uruguay's fuel imports represent 11.39% of merchandise imports, slightly higher than the average of 11.38%, ranking 71 out of 152 countries. The country's ores and metals imports, accounting for 1.15% of merchandise imports, are significantly below the average of 2.57%, also ranking 102 out of 152 countries.

Uruguay's merchandise imports by the reporting economy, residual, stand at 3.91% of total merchandise imports, notably higher than the average of 2.51%, ranking 28 out of 180 countries.

Summary

Uruguay's merchandise imports are mainly driven by manufacturing imports, surpassing the global average, indicating a strong industrial reliance. Although agricultural raw materials imports are slightly below average, the country shows strength in food imports. Additionally, the high proportion of fuel imports signifies energy dependency. The above-average residual imports suggest a complex supply chain or a specialization in certain niche products.

These statistics are crucial for understanding Uruguay's economic structure and trade dynamics. They shed light on the country's import priorities, economic vulnerabilities, and potential areas for growth or diversification. By knowing where Uruguay stands compared to global averages, policymakers and businesses can make informed decisions to enhance competitiveness and resilience in the face of global economic trends.

Service Imports

Uruguay's service imports amount to $3.53 billion, ranking 77th out of 171 countries. This value is significantly below the average of $27.62 billion.
Communications, computer, etc. account for 57.58% of Uruguay's service imports, surpassing the average of 44.40%. Uruguay ranks 45th out of 169 countries in this category.
Transport services represent 25.88% of Uruguay's service imports, ranking 99th out of 169 countries, below the average of 32.90%.
Travel services make up 9.66% of Uruguay's service imports, ranking 96th out of 169 countries, lower than the average of 14.14%.
Insurance and financial services contribute 6.88% to Uruguay's service imports, positioning it at 82nd out of 169 countries, slightly below the average of 8.53%.

Summary

Uruguay's service imports of $3.53 billion are notably below the global average of $27.62 billion, with a significant portion allocated to communications, computer, etc. This allocation exceeds the average, highlighting Uruguay's emphasis on technology-related services. However, the relatively lower proportions dedicated to transport, travel, and insurance/financial services compared to the global averages suggest potential areas for development and diversification in Uruguay's service sector.

Commercial Service Imports

Analysis of key stats for Commercial Service Imports in Uruguay:

1. Commercial service imports (current US$): Uruguay's commercial service imports are $3.48 billion, ranking 76 out of 171 countries. This value is below the average of $27.10 billion.

2. Computer, communications and other services (% of commercial service imports): Uruguay's services in this category account for 57.02% of its commercial service imports, ranking 45 out of 169 countries. This value is above the average of 41.71%.

3. Insurance and financial services (% of commercial service imports): Uruguay's insurance and financial services in commercial imports constitute 6.97%, ranking 84 out of 169 countries. This value is below the average of 8.85%.

4. Transport services (% of commercial service imports): Transport services make up 26.22% of Uruguay's commercial service imports, ranking 100 out of 169 countries. This value is below the average of 34.71%.

5. Travel services (% of commercial service imports): Uruguay's travel services represent 9.79% of its commercial service imports, ranking 95 out of 169 countries. This value is below the average of 14.73%.

Summary

Uruguay's commercial service imports amount to $3.48 billion, placing the country at 76th out of 171 countries, below the global average of $27.10 billion. Notably, a significant portion of Uruguay's commercial service imports, specifically in computer, communications, and other services, is above the global average, indicating a potential specialization in this sector. However, there is room for growth in insurance and financial services, transport services, and travel services compared to the average figures, suggesting areas for diversification and development to enhance the country's economic resilience and competitiveness.

Infrastructure

Uruguay's Container port traffic is 764,797 TEUs, which is below the average of 6,907,110. Uruguay ranks 72 out of 110 countries in this attribute data.

Uruguay's Rail lines cover a total route of 1,498 km, significantly lower than the average of 12,204. Uruguay ranks 50 out of 66 countries in this attribute data.

Summary

Uruguay's container port traffic and rail infrastructure fall below the global averages, ranking 72nd out of 110 countries and 50th out of 66 countries, respectively. These statistics are vital as they indicate Uruguay's relatively limited connectivity and trade volume compared to its peers, which could impact its competitiveness, economic growth, and potential for international trade partnerships.

Information Technology Infrastructure

Uruguay has 6,677 secure internet servers, which is below the attribute average of 458,294. Uruguay ranks 77 out of 193 countries in this data set.

With 1,947 secure internet servers per 1 million people, Uruguay falls short of the attribute average of 14,067. Uruguay holds the 66th rank out of 193 countries.

86.31% of individuals in Uruguay use the internet, surpassing the attribute average of 64.77%. Uruguay is ranked 42 out of 180 countries in this regard.

Uruguay has 1,063,701 fixed broadband subscriptions, below the attribute average of 6,591,956. Uruguay ranks 69 out of 185 countries for fixed broadband subscriptions.

With 4,551,276 mobile cellular subscriptions, Uruguay is below the attribute average of 42,526,463. Uruguay ranks 124 out of 193 countries for mobile cellular subscriptions.

Summary

Uruguay lags behind global averages in secure internet servers, both in absolute numbers and per capita, but excels in internet usage rates among its population. The country also falls short in fixed broadband subscriptions but performs better in mobile cellular subscriptions compared to the global average. These indicators are crucial as they reflect Uruguay's connectivity infrastructure, digital readiness, and potential for leveraging technology for economic development and social progress.

Energy Consumption

Uruguay's renewable energy consumption accounts for 61.09% of its total final energy consumption, which is significantly above the global average of 32.18%. This places Uruguay at the 39th rank out of 191 countries in the dataset.

On the other hand, Uruguay's CO2 emissions stand at 6514.3 kt, notably below the average of 171895.94 kt. This places Uruguay at the 122nd rank out of 188 countries in the dataset.

Summary

Uruguay's high renewable energy consumption at 61.09% of total final energy consumption showcases its commitment to sustainability, surpassing the global average by a significant margin. This places Uruguay favorably at the 39th rank globally in this aspect. Additionally, Uruguay's relatively low CO2 emissions at 6514.3 kt compared to the global average highlights its conscientious approach towards environmental preservation, positioning the country at the 122nd rank worldwide. These statistics are crucial as they demonstrate Uruguay's proactive stance towards reducing carbon emissions and embracing renewable energy sources, which not only contribute to mitigating climate change but also enhance energy security and sustainability in the long term.

Government Balance Sheet

Uruguay's net acquisition of financial assets (% of GDP) stands at 0.75, below the average of 2.45, ranking 54 out of 87 countries. The country's central government debt, total (% of GDP), is 60.28, below the average of 74.12, ranking 35 out of 61 countries. Uruguay's net incurrence of liabilities, total (% of GDP), at 5.78, is also below the average of 7.43, ranking 55 out of 92 countries. In terms of reserves and related items (BoP, current US$), Uruguay's value is $1,630,237,390.71, below the average of $1,924,407,186.58, ranking 33 out of 171 countries. Furthermore, Uruguay's total reserves minus gold (current US$) is $16,244,164,853.10, significantly below the average of $74,221,588,171.61, ranking 56 out of 161 countries. Lastly, the country's total reserves (includes gold, current US$) amount to $16,250,371,651.32, again below the average of $85,708,019,773.47, ranking 62 out of 161 countries. Uruguay's total reserves in months of imports equal to 12.92, significantly above the average of 7.10, ranking 18 out of 151 countries.

Summary

Uruguay exhibits conservative financial behavior with below-average levels of net acquisition of financial assets, central government debt, and net incurrence of liabilities compared to other countries. While its reserves and related items are below average, Uruguay's total reserves in months of imports are significantly higher than the average. These indicators are crucial as they reflect Uruguay's ability to manage its financial resources prudently, ensure economic stability, and withstand external shocks.

Government Revenue

Uruguay's revenue, excluding grants, accounts for 30.79% of its GDP, which is above the average of 27.02%. Uruguay ranks 39th out of 122 countries in this attribute.

Grants and other revenue make up 8.04% of Uruguay's total revenue, significantly below the average of 23.54%. Uruguay ranks 92nd out of 108 countries in this category.

Social contributions in Uruguay contribute to 31.82% of its revenue, higher than the average of 22.29%. Uruguay holds the 29th rank out of 81 countries for this metric.

Taxes on goods and services represent 29.27% of Uruguay's revenue, slightly below the average of 31.82%. Uruguay ranks 75th out of 122 countries in this aspect.

Uruguay's taxes on international trade stand at 3.33% of revenue, lower than the average of 6.24%. Uruguay ranks 53rd out of 101 countries in this regard.

Other taxes in Uruguay constitute 5.06% of its total revenue, higher compared to the average of 2.12%. Uruguay ranks 11th out of 106 countries for this attribute.

Taxes on income, profits, and capital gains make up 22.48% of Uruguay's revenue, slightly below the average of 24.66%. Uruguay ranks 64th out of 119 countries in this category.

Summary

Uruguay's revenue composition differs from global averages in various categories. It relies more on social contributions and other taxes compared to the average, ranking relatively high in these areas but lower in taxes on goods and services and international trade. Understanding these differences is crucial for policymakers to assess Uruguay's fiscal health, make informed decisions on revenue generation strategies, and ensure sustainable economic development.

Taxes

Uruguay's tax revenue as a percentage of GDP is 18.52%, which is above the average of 16.72%. This places Uruguay at rank 47 out of 123 countries in the dataset.

Uruguay's customs and other import duties as a percentage of tax revenue is 5.53%, below the average of 9.01%. Uruguay ranks 49 out of 99 countries in this metric.

Regarding taxes on income, profits, and capital gains as a percentage of total taxes, Uruguay stands at 37.38%, slightly below the average of 38.40%. The country ranks 61 out of 120 countries for this attribute.

Uruguay's weighted mean applied tariff rate for all products is 5.29%, slightly above the average of 5.21%. Uruguay is ranked 63 out of 153 countries in this aspect.

Summary

Uruguay performs above average in terms of tax revenue as a percentage of GDP, indicating a strong revenue collection system compared to other countries in the dataset. However, the country's reliance on customs and other import duties for tax revenue is below average, suggesting potential room for improvement in diversifying revenue sources. Uruguay's position slightly below the average in taxes on income, profits, and capital gains signifies a balanced tax structure. Lastly, with a slightly higher weighted mean applied tariff rate than average, Uruguay's trade policies may be slightly more restrictive than those of other nations.

These findings are important as they provide insights into Uruguay's fiscal policies, revenue generation sources, and trade strategies. Understanding these metrics can help policymakers make informed decisions to enhance fiscal sustainability, promote economic growth, and improve competitiveness in the global market.

Government Expenses

Expense (% of GDP): Uruguay's expense as a percentage of GDP is 34.62%, which is slightly above the average of 31.69%. This places Uruguay at rank 47 out of 123 countries included in the data.

Compensation of employees (% of expense): Uruguay's compensation of employees as a percentage of expense is 25.03%, just above the average of 24.70%. Uruguay ranks 56 out of 123 countries.

Goods and services expense (% of expense): With goods and services expense accounting for 11.35% of total expense, Uruguay falls below the average of 14.77%. This places Uruguay at rank 66 out of 122 countries.

Interest payments (% of expense): Uruguay's interest payments as a percentage of expense are 7.82%, higher than the average of 6.85%. Uruguay ranks 41 out of 121 countries in this aspect.

Other expense (% of expense): Other expenses make up 8.49% of Uruguay's total expenses, slightly above the average of 8.29%. Uruguay is ranked 44 out of 120 countries.

Subsidies and other transfers (% of expense): Uruguay allocates 47.31% of its expenses to subsidies and other transfers, exceeding the average of 43.29%. In this category, Uruguay ranks 49 out of 121 countries.

Summary

Uruguay's expense as a percentage of GDP is slightly higher than the average, with a notable allocation towards subsidies and other transfers. The country also prioritizes compensation of employees, yet falls below average in goods and services expense. The higher interest payments indicate potential debt burdens. These indicators are crucial as they reflect Uruguay's financial management, government priorities, and potential economic challenges such as debt sustainability.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Urban population (% of total population)	8/194
Inflation, GDP deflator (annual %)	18/188
Agricultural raw materials exports (% of merchandise exports)	5/151
Food exports (% of merchandise exports)	11/152
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	9/166
ICT service exports (% of service exports, BoP)	15/166

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population (% of total population)	187/190
Foreign direct investment, net outflows (BoP, current US$)	143/156
Merchandise trade (% of GDP)	169/186
Ores and metals exports (% of merchandise exports)	137/152