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CompareEconomy.com Comparison of world economies

Uruguay

World Rank 119 1.82 Uruguay flag svg
Capital
Area
Currency
Montevideo
176,215 km 2
Uruguayan peso (UYU)

Table of Contents

Introduction

The Oriental Republic of Uruguay is a country in the southeastern area of South America. The land area of 176,000 square kilometers makes it the second-smallest nation in South America. As a result of that, it does not have many bordering nations. The only two are Argentina and Brazil. Interestingly, Montevideo is the largest city and the capital of the nation. It is so large that almost half of the population live in its metropolitan area. 

Economy

The GDP at around $78 billion is definitely one of the lowest ones. It places them only ahead of El Salvador, Honduras, Trinidad and Tobago, and some other minor locations such as Haiti or Jamaica. 

Interestingly, because of its small size, GDP per capita is quite large and it is 125% of the average GDP per capita in Latin America and Caribbean. As a result, they are 14th in the ranking in this region.

Population

Even if Uruguay is one of the smallest nations in South America, it doesn't mean that it is small in general. ITs total land area is approximately 176,200 square kilometers. If we take into account its population that in 2019 was at around 3.5 million, we receive an exceptionally low density of 20 people per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#80 (2021)
59,319,484,710 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#39 (2021)
3,653,057,988 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#53 (2021)
9.29 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)