Economy of Uruguay
Uruguay has a diversified and stable economy based on agriculture, services and increasingly on technology. The country is considered one of the economically safest in South America.
GDP per capita: approx. 17,000 USD | Main exports: Beef, soy, cellulose | Key sectors: Agriculture, tourism, IT | Unemployment rate: approx. 8%
Agriculture traditionally plays a central role. Uruguay is one of the largest beef exporters in the world and known for its high-quality meat products. Extensive pasture farming shapes the landscape.
The financial sector is well developed and banking secrecy makes Uruguay an attractive location for international investors. The country offers political stability and legal security for businesses.
In recent years, Uruguay has developed into a technology hub in Latin America. Particularly the IT sector and software development are growing strongly. Renewable energy is also an important economic sector - over 95% of electricity comes from renewable sources.
Tourism is also a significant economic factor. Punta del Este attracts millions of visitors annually, mainly from Argentina and Brazil. The free trade zone in Colonia and various special economic zones promote foreign investment.