General overview. Uruguay is a country with a positive background for political, democratic and social stability and macroeconomic solidity.
What type of government does Uruguay have 2021?
The politics of Uruguay abide by a presidential representative democratic republic, under which the President of Uruguay is both the head of state and the head of government, as well as a multiform party system.
Is Uruguay a very poor country?
With a population of more than 3.4 million and about 60% of them comprising the middle class, Uruguay stands as one of the most economically stable countries in the region. In fact, Uruguay has the lowest poverty rate in South America and is ranked high on such well-being indices as the Human Development Index.
Does Uruguay have a good economy?
Uruguay has a strong domestic economy which provides a high standard of living and moderately high GDP per capita of US$8,500. The country is small, with limited markets, and geographical and historical factors have made Uruguay dependent on trade with its larger neighbors, Argentina and Brazil.
Is Uruguay a good place to live?
One expat said, “Uruguay is a friendly, relaxed, politically stable, relatively safe and enjoyable place to live. … The coastal areas offer fairly good beaches and there are expat communities but offer much less to do. You will have to have a car anywhere outside of Montevideo, whereas in the city you won’t need one.
Is Uruguay religious?
Although the majority of Uruguayans do not actively practice a religion, they are nominally members of the Catholic church. … Other religious groups in Uruguay include the Jehovah’s Witnesses and the Mennonites. It is widely considered the most secular nation in the Americas.
What is manufactured in Uruguay?
Prepared rice, chocolate, meat, cookies, and pasta were the main exports, although frozen foods have been growing steadily in value. This sector of industry has been the recipient of almost 50 percent of all new foreign investment in Uruguay.
What are the main jobs in Uruguay?
Economy of Uruguay
|Labor force by occupation||agriculture: 13% industry: 14% services: 73% (2010 est.)|
|Unemployment||11.1% (February 2021)|
|Main industries||food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages|
|Ease-of-doing-business rank||101st (medium, 2020)|
Why is Uruguay so rich?
Uruguay is the second richest country in South America, and that is largely because of its booming export business. … This booming export business has created a stable economy for the people of Uruguay and contributes to the $24K per capita.