log in
All Countries

Uruguay Business Guide


Geography


Location:
Southern South America, bordering the South Atlantic Ocean, between Argentina and Brazil


Geographic coordinates:
33 00 S, 56 00 W


Map references:
South America


Area:
total:176,215 sq kmcountry comparison to the world: 91
land:175,015 sq km
water:1,200 sq km


Area - comparative:
slightly smaller than the state of Washington


Land boundaries:
total:1,648 km
border countries:Argentina 580 km, Brazil 1,068 km


Coastline:
660 km


Maritime claims:
territorial sea:12 nm
contiguous zone:24 nm
exclusive economic zone:200 nm
continental shelf:200 nm or edge of continental margin


Climate:
warm temperate; freezing temperatures almost unknown


Terrain:
mostly rolling plains and low hills; fertile coastal lowland


Elevation extremes:
lowest point:Atlantic Ocean 0 m
highest point:Cerro Catedral 514 m


    Natural resources:
arable land, hydropower, minor minerals, fish


Land use:
arable land:10.25%
permanent crops:0.22%
other:89.52% (2011)


Irrigated land:
1,810 sq km (2003)


Total renewable water resources:
139 cu km (2011)


Freshwater withdrawal (domestic/industrial/agricultural):
139 cu km (2011)

Natural hazards:
seasonally high winds (the pampero is a chilly and occasional violent wind that blows north from the Argentine pampas), droughts, floods; because of the absence of mountains, which act as weather barriers, all locations are particularly vulnerable to rapid changes from weather fronts


Environment - current issues:
water pollution from meat packing/tannery industry; inadequate solid/hazardous waste disposal


Environment - international agreements:
party to:Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified:Marine Dumping, Marine Life Conservation


Geography - note:
second-smallest South American country (after Suriname); most of the low-lying landscape (three-quarters of the country) is grassland, ideal for cattle and sheep raising



People and Society


Nationality:
noun: Uruguayan(s)
adjective:Uruguayan


Ethnic groups:
white 88%, mestizo 8%, black 4%, Amerindian (practically nonexistent)


Languages:
Spanish (official), Portunol, Brazilero (Portuguese-Spanish mix on the Brazilian frontier)


Religions:
Roman Catholic 47.1%, non-Catholic Christians 11.1%, nondenominational 23.2%, Jewish 0.3%, atheist or agnostic 17.2%, other 1.1% (2006)


Demographic profile:
Uruguay rates high for most development indicators and is known for its secularism, liberal social laws, and well-developed social security, health, and educational systems. It is one of the few countries in Latin America and the Caribbean where the entire population has access to clean water. Uruguay's provision of free primary through university education has contributed to the country's high levels of literacy and educational attainment. However, the emigration of human capital has diminished the state's return on its investment in education. Remittances from the roughly 18% of Uruguayans abroad amount to less than 1 percent of national GDP. The emigration of young adults and a low birth rate are causing Uruguay's population to age rapidly.


Population:
3,332,972 (July 2014 est.)country comparison to the world: 135


Age structure:
0-14 years:21% (male 356,851/female 344,576)
15-24 years:16% (male 269,820/female 262,830)
25-54 years:38.9% (male 639,766/female 658,257)
55-64 years:10.1% (male 158,170/female 178,194)
65 years and over:13.9% (male 185,132/female 279,376) (2014 est.)


Dependency ratios:
total dependency ratio:55.9 %
youth dependency ratio:33.8 %
elderly dependency ratio:22.1 %
potential support ratio:4.5 (2014 est.)


Median age:
total:34.3 years
male:32.6 years
female:35.9 years (2014 est.)


Population growth rate:
0.26% (2014 est.)country comparison to the world: 175


Birth rate:
13.18 births/1,000 population (2014 est.)country comparison to the world: 152


Death rate:
9.48 deaths/1,000 population (2014 est.)country comparison to the world: 56


Net migration rate:
-1.08 migrant(s)/1,000 population (2014 est.)country comparison to the world: 149


Urbanization:
urban population:92.5% of total population (2011)
rate of urbanization:0.45% annual rate of change (2010-15 est.)


Major urban areas - population:
MONTEVIDEO (capital) 1.672 million (2011)


Sex ratio:
at birth:1.04 male(s)/female
0-14 years:1.04 male(s)/female
15-24 years:1.03 male(s)/female
25-54 years:0.97 male(s)/female
55-64 years:0.93 male(s)/female
65 years and over:0.66 male(s)/female
total population:0.93 male(s)/female (2014 est.)


Maternal mortality rate:
29 deaths/100,000 live births (2010)


    Infant mortality rate:
total:8.97 deaths/1,000 live birthscountry comparison to the world: 149
male:9.95 deaths/1,000 live births
female:7.95 deaths/1,000 live births (2014 est.)


Life expectancy at birth:
total population:76.81 yearscountry comparison to the world: 71
male:73.67 years
female:80.06 years (2014 est.)


Total fertility rate:
1.84 children born/woman (2014 est.)country comparison to the world: 149


Contraceptive prevalence rate:
77%


Health expenditures:
8% of GDP (2011)


Physicians density:
3.74 physicians/1,000 population (2008)


Hospital bed density:
3 beds/1,000 population (2011)


Drinking water source:
improved:
urban: 99.9% of population
rural: 94.9% of population
total: 99.5% of population
unimproved:
urban: 0.1% of population
rural: 5.1% of population
total: 0.5% of population (2012 est.)


Sanitation facility access:
improved:
urban: 96.5% of population
rural: 95.8% of population
total: 96.4% of population
unimproved:
urban: 3.5% of population
rural: 4.2% of population
total: 3.6% of population (2012 est.)


HIV/AIDS - adult prevalence rate:
0.7% (2012 est.)country comparison to the world: 60


HIV/AIDS - people living with HIV/AIDS:
13,200 (2012 est.)country comparison to the world: 95


HIV/AIDS - deaths:
NA


Obesity - adult prevalence rate:
24.8% (2008)country comparison to the world: 64


Children under the age of 5 years underweight:
4.5% (2011)country comparison to the world: 94


Education expenditures:
4.5% of GDP (2011)country comparison to the world: 92

Literacy:
definition:age 15 and over can read and write
total population:98.1%
male:97.6%
female:98.5% (2010 est.)


School life expectancy (primary to tertiary education):
total:16 years
male:14 years
female:17 years (2010)


Child labor - children ages 5-14:



Unemployment, youth ages 15-24:
total:18.5%country comparison to the world: 66
male:14.7%
female:23.6% (2012)


Government


Country name:
conventional long form: Oriental Republic of Uruguay
conventional short form:Uruguay
local long form:Republica Oriental del Uruguay
local short form:Uruguay
former:Banda Oriental, Cisplatine Province


Government type:
constitutional republic


Capital:
name:Montevideo
geographic coordinates:34 51 S, 56 10 W
time difference:UTC-3 (2 hours ahead of Washington, DC, during Standard Time)
daylight saving time:+1hr, begins first Sunday in October; ends second Sunday in March


Administrative divisions:
19 departments (departamentos, singular - departamento); Artigas, Canelones, Cerro Largo, Colonia, Durazno, Flores, Florida, Lavalleja, Maldonado, Montevideo, Paysandu, Rio Negro, Rivera, Rocha, Salto, San Jose, Soriano, Tacuarembo, Treinta y Tres


Independence:
25 August 1825 (from Brazil)


National holiday:
Independence Day, 25 August (1825)


Constitution:
several previous; latest approved by plebiscite 27 November 1966, effective 15 February 1967; amended several times, last in 2004 (2013)


Legal system:
civil law system based on the Spanish civil code


International law organization participation:
accepts compulsory ICJ jurisdiction; accepts ICCt jurisdiction


Suffrage:
18 years of age; universal and compulsory


Executive branch:
chief of state:President Jose 'Pepe' MUJICA Cordano (since 1 March 2010); Vice President Danilo ASTORI Saragoza (since 1 March 2010); note - the president is both the chief of state and head of government
head of government:President Jose 'Pepe' MUJICA Cordano (since 1 March 2010); Vice President Danilo ASTORI Saragoza (since 1 March 2010)
cabinet:Council of Ministers appointed by the president with parliamentary approval
elections:president and vice president elected on the same ticket by popular vote for five-year terms (may not serve consecutive terms); election last held on 29 November 2009 (next to be held in October 2014)
election results:Jose 'Pepe' MUJICA Cordano elected president; percent of vote - Jose 'Pepe' MUJICA Cordano 54.8%, Luis Alberto LACALLE 45.2%


Legislative branch:
bicameral General Assembly or Asamblea General consists of Chamber of Senators or Camara de Senadores (30 seats; members elected by popular vote to serve five-year terms; vice president has one vote in the Senate) and Chamber of Representatives or Camara de Representantes (99 seats; members elected by popular vote to serve five-year terms)
elections:Chamber of Senators - last held on 25 October 2009 (next to be held in October 2014); Chamber of Representatives - last held on 25 October 2009 (next to be held in October 2014)
election results:Chamber of Senators - percent of vote by party - NA; seats by party - Frente Amplio 16, Blanco 9, Colorado Party 5; Chamber of Representatives - percent of vote by party - NA; seats by party - Frente Amplio 50, Blanco 30, Colorado Party 17, Independent Party 2


Judicial branch:
highest court(s):Supreme Court of Justice (consists of 5 judges)
judge selection and term of office:judges nominated by the president and appointed in joint conference of the General Assembly; judges appointed for 10-year terms, with re-election after a lapse of 5 years following the previous term
subordinate courts:Courts of Appeal; District Courts (Juzagados Letrados); Peace Courts (Juzagados de Paz); Rural Courts (Juzgados Rurales)


    Political parties and leaders:
Broad Front (Frente Amplio) - formerly known as the Progressive Encounter/Broad Front Coalition or EP-FA [Monica XAVIER] (a broad governing coalition that includes Popular Participation Movement (MPP), New Space Party (Nuevo Espacio) [Rafael MICHELINI], Progressive Alliance (Alianza Progresista) [Rodolfo NIN NOVOA], Socialist Party [vacant], Communist Party [Eduardo LORIER], Uruguayan Assembly (Asamblea Uruguay) [Danilo ASTORI Saragoza], and Vertiente Artiguista [Enrique RUBIO])
Colorado Party (Vamos Uruguay) [Martha MONTANER]
Independent Party [Pablo MIERES]
National Party or Blanco [Luis Alberto HEBER]


Political pressure groups and leaders:
Chamber of Commerce and Export of Agriproducts


International organization participation:
CAN (associate), CD, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAES, LAIA, Mercosur, MIGA, MINURSO, MINUSTAH, MONUSCO, NAM (observer), OAS, OPANAL, OPCW, Pacific Alliance (observer), PCA, UN, UNASUR, UNCTAD, UNESCO, UNIDO, Union Latina, UNISFA, UNMOGIP, UNOCI, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO


Diplomatic representation in the US:
chief of mission:Ambassador Carlos Alberto GIANELLI Derois (since 11 September 2012)
chancery:1913 I Street NW, Washington, DC 20006
telephone:[1] (202) 331-1313 through 1316
FAX:[1] (202) 331-8142
consulate(s) general:Chicago, Los Angeles, Miami, New York


Diplomatic representation from the US:
chief of mission:Ambassador Julissa REYNOSO (since 30 March 2012)
embassy:Lauro Muller 1776, Montevideo 11200
mailing address:APO AA 34035
telephone:[598] (2) 1770-2000
FAX:[598] (2) 1770-2128


Flag description:
nine equal horizontal stripes of white (top and bottom) alternating with blue; a white square in the upper hoist-side corner with a yellow sun bearing a human face known as the Sun of May with 16 rays that alternate between triangular and wavy; the stripes represent the nine original departments of Uruguay; the sun symbol evokes the legend of the sun breaking through the clouds on 25 May 1810 as independence was first declared from Spain (Uruguay subsequently won its independence from Brazil)


National symbol(s):
Sun of May (a sun-with-face symbol)


National anthem:
name:'Himno Nacional' (National Anthem of Uruguay)

lyrics/music:Francisco Esteban ACUNA de Figueroa/Francisco Jose DEBALI
note:adopted 1848; the anthem is also known as 'Orientales, la Patria o la tumba!' ('Uruguayans, the Fatherland or Death!'); it is the world's longest national anthem in terms of music (105 bars; almost five minutes); generally only the first verse and chorus are sung


Economy


Economy - overview:
Uruguay has a free market economy characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending. Following financial difficulties in the late 1990s and early 2000s, economic growth for Uruguay averaged 8% annually during the period 2004-08. The 2008-09 global financial crisis put a brake on Uruguay's vigorous growth, which decelerated to 2.6% in 2009. Nevertheless, the country managed to avoid a recession and keep positive growth rates, mainly through higher public expenditure and investment, and GDP growth reached 8.9% in 2010 but slowed in 2012-13, the result of a renewed slowdown in the global economy and in Uruguay's main trade partners and Common Market of the South (Mercosur) counterparts, Argentina and Brazil. Uruguay has sought to expand trade within Mercosur and with non-Mercosur members. Uruguay's total merchandise trade with Mercosur since 2006 has increased by nearly 70% to more than $5 billion while its total trade with the world has almost doubled to roughly $23 billion in 2013.


GDP (purchasing power parity):
$56.27 billion (2013 est.)
country comparison to the world: 94
$54.37 billion (2012 est.)
$52.31 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$57.11 billion (2013 est.)


GDP - real growth rate:
3.5% (2013 est.)
country comparison to the world: 98
3.9% (2012 est.)
6.5% (2011 est.)


GDP - per capita (PPP):
$16,600 (2013 est.)
country comparison to the world: 80
$16,100 (2012 est.)
$15,500 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
17.3% of GDP (2013 est.)
country comparison to the world: 96
15.8% of GDP (2012 est.)
16.4% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:68.9%
government consumption:13.6%
investment in fixed capital:23.1%
investment in inventories:-0.8%
exports of goods and services:25.8%
imports of goods and services:-30.5%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:7.5%
industry:21.5%
services:71% (2013 est.)


Agriculture - products:
soybeans, rice, wheat; beef, dairy products; fish; lumber, cellulose


Industries:
food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages


Industrial production growth rate:
6.6% (2013 est.)
country comparison to the world: 39

Labor force:
1.7 million (2013 est.)
country comparison to the world: 126


Labor force - by occupation:
agriculture:13%
industry:14%
services:73% (2010 est.)


Unemployment rate:
6.5% (2013 est.)
country comparison to the world: 67
6% (2012 est.)


Population below poverty line:
18.6% (2010 est.)


Household income or consumption by percentage share:
lowest 10%:1.9%
highest 10%:34.4% (2010 est.)


Distribution of family income - Gini index:
45.3 (2010)
country comparison to the world: 40
44.8 (1999)


Budget:
revenues:$17.14 billion
expenditures:$18.62 billion (2013 est.)


    Taxes and other revenues:
30% of GDP (2013 est.)
country comparison to the world: 92

Budget surplus (+) or deficit (-):
-2.6% of GDP (2013 est.)
country comparison to the world: 109


Public debt:
62.8% of GDP (2013 est.)
country comparison to the world: 45
59.4% of GDP (2012 est.)
note:data cover general government debt, and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions.


Fiscal year:
calendar year


Inflation rate (consumer prices):
8.3% (2013 est.)
country comparison to the world: 197
8.1% (2012 est.)


Central bank discount rate:
9% (31 December 2012)
country comparison to the world: 30
8.75% (31 December 2011)
note:Uruguay's central bank uses the benchmark interest rate, rather than the discount rate, to conduct monetary policy; the rates shown here are the benchmark rates


Commercial bank prime lending rate:
11.3% (31 December 2013 est.)
country comparison to the world: 72
11.2% (31 December 2012 est.)


Stock of narrow money:
$5.312 billion (31 December 2013 est.)
country comparison to the world: 98
$5.32 billion (31 December 2012 est.)


Stock of broad money:
$8.689 billion (31 December 2013 est.)
country comparison to the world: 108
$8.648 billion (31 December 2012 est.)


Stock of domestic credit:
$17.66 billion (31 December 2013 est.)
country comparison to the world: 84
$16.86 billion (31 December 2012 est.)


Market value of publicly traded shares:
$175.4 million (31 December 2012 est.)


Current account balance:
-$2.721 billion (2013 est.)
country comparison to the world: 155
-$2.69 billion (2012 est.)


Exports:
$10.5 billion (2013 est.)
country comparison to the world: 92
$9.89 billion (2012 est.)


Exports - commodities:
beef, soybeans, cellulose, rice, wheat, wood, dairy products; wool


Exports - partners:
Brazil 18.6%, China 17.9%, Argentina 6.2%, Germany 4.3% (2012)


Imports:
$12.5 billion (2013 est.)
country comparison to the world: 91
$12.26 billion (2012 est.)


Imports - commodities:
refined oil, crude oil, passenger and other transportation vehicles, vehicle parts, cellular phones


Imports - partners:
China 16.4%, Brazil 14.9%, Argentina 14.6%, US 9.1%, Paraguay 7.3% (2012)


Reserves of foreign exchange and gold:
$16.32 billion (31 December 2013 est.)
country comparison to the world: 65
$13.6 billion (31 December 2012 est.)


Debt - external:
$17.61 billion (31 December 2013 est.)
country comparison to the world: 84
$16.02 billion (31 December 2012 est.)


Stock of direct foreign investment - at home:
$20.69 billion (31 December 2013 est.)
country comparison to the world: 72
$17.76 billion (31 December 2012 est.)


Stock of direct foreign investment - abroad:
$422 million (31 December 2013 est.)
country comparison to the world: 80
$357 million (31 December 2012 est.)


Exchange rates:
Uruguayan pesos (UYU) per US dollar -
20.58 (2013 est.)
20.311 (2012 est.)
20.059 (2010 est.)
22.568 (2009)
20.936 (2008)


Energy


Electricity - production:
9.5 billion kWh (2011 est.)
country comparison to the world: 95


Electricity - consumption:
7.96 billion kWh (2011 est.)
country comparison to the world: 94


Electricity - exports:
19 million kWh (2011 est.)
country comparison to the world: 89


Electricity - imports:
477 million kWh (2011 est.)
country comparison to the world: 81


Electricity - installed generating capacity:
2.588 million kW (2010 est.)
country comparison to the world: 95


Electricity - from fossil fuels:
39.8% of total installed capacity (2010 est.)
country comparison to the world: 170


Electricity - from nuclear fuels:
0% of total installed capacity (2010 est.)
country comparison to the world: 196


Electricity - from hydroelectric plants:
59.4% of total installed capacity (2010 est.)
country comparison to the world: 34


Electricity - from other renewable sources:
0.8% of total installed capacity (2010 est.)
country comparison to the world: 84


Crude oil - production:
1,183 bbl/day (2012 est.)
country comparison to the world: 107


Crude oil - exports:
0 bbl/day (2010 est.)
country comparison to the world: 199


Crude oil - imports:
38,680 bbl/day (2010 est.)
country comparison to the world: 59


    Crude oil - proved reserves:
0 bbl (1 January 2009 est.)
country comparison to the world: 201


Refined petroleum products - production:
43,440 bbl/day (2010 est.)
country comparison to the world: 83


Refined petroleum products - consumption:
51,100 bbl/day (2011 est.)
country comparison to the world: 99


Refined petroleum products - exports:
4,656 bbl/day (2010 est.)
country comparison to the world: 92


Refined petroleum products - imports:
16,420 bbl/day (2010 est.)
country comparison to the world: 112


Natural gas - production:
0 cu m (2011 est.)
country comparison to the world: 203


Natural gas - consumption:
80 million cu m (2010 est.)
country comparison to the world: 108


Natural gas - exports:
0 cu m (2011 est.)
country comparison to the world: 200


Natural gas - imports:
80 million cu m (2011 est.)
country comparison to the world: 74


Natural gas - proved reserves:
0 cu m (1 January 2013 est.)
country comparison to the world: 202


Carbon dioxide emissions from consumption of energy:
8.326 million Mt (2011 est.)



Communications


Telephones - main lines in use:
1.01 million (2012)
country comparison to the world: 76


Telephones - mobile cellular:
5 million (2012)
country comparison to the world: 111


Telephone system:
general assessment:fully digitalized
domestic:most modern facilities concentrated in Montevideo; nationwide microwave radio relay network; overall fixed-line and mobile-cellular teledensity has reached 170 telephones per 100 persons
international:country code - 598; the UNISOR submarine cable system provides direct connectivity to Brazil and Argentina; satellite earth stations - 2 Intelsat (Atlantic Ocean) (2011)



    Broadcast media:
mixture of privately owned and state-run broadcast media; more than 100 commercial radio stations and about 20 TV channels; cable TV is available; many community radio and TV stations; adopted the hybrid Japanese/Brazilian HDTV standard (ISDB-T) in December 2010 (2010)


Internet country code:
.uy


Internet hosts:
1.036 million (2012)
country comparison to the world: 45


Internet users:
1.405 million (2009)
country comparison to the world: 86



Transportation


Airports
133 (2013)
country comparison to the world: 43


Airports - with paved runways
total:11
over 3,047 m:1
1,524 to 2,437 m:4
914 to 1,523 m:4
under 914 m:2 (2013)


Airports - with unpaved runways
total:122
1,524 to 2,437 m:3
914 to 1,523 m:40
under 914 m:
79 (2013)


Pipelines
gas 257 km; oil 160 km (2013)


Railways
total:1,641 kmcountry comparison to the world: 77
standard gauge:1,641 km 1.435-m gauge (1,200 km operational) (2010)


    Roadways
total:77,732 kmcountry comparison to the world: 62
paved:7,743 km
unpaved:69,989 km (2010)


Waterways
1,600 km (2011)
country comparison to the world: 50


Merchant marine
total:16country comparison to the world: 100
by type:bulk carrier 1, cargo 2, chemical tanker 3, passenger/cargo 6, petroleum tanker 3, roll on/roll off 1
foreign-owned:8 (Argentina 1, Denmark 1, Greece 1, Spain 5)
registered in other countries:1 (Liberia 1) (2010)



Ports and terminals
major seaport(s):Montevideo


Military


Military branches
Uruguayan Armed Forces: Uruguayan National Army (Ejercito Nacional Uruguaya, ENU), Uruguayan National Navy (Armada Nacional del Uruguay; includes naval air arm, Naval Rifle Corps (Cuerpo de Fusileros Navales, Fusna), Maritime Prefecture in wartime), Uruguayan Air Force (Fuerza Aerea Uruguaya, FAU) (2012)


Military service age and obligation
18-30 years of age (18-22 years of age for navy) for male or female voluntary military service; up to 40 years of age for specialists; enlistment is voluntary in peacetime, but the government has the authority to conscript in emergencies; minimum 6-year education (2013)


Manpower available for military service
males age 16-49:771,159
females age 16-49:780,932 (2010 est.)


    Manpower fit for military service
males age 16-49:649,025
females age 16-49:654,903 (2010 est.)


Manpower reaching militarily significant age annually
male:27,564
female:26,811 (2010 est.)


Military expenditures
1.95% of GDP (2012)
country comparison to the world: 42
1.94% of GDP (2011)
1.95% of GDP (2010)


Transnational Issues


Disputes - international
in 2010, the ICJ ruled in favor of Uruguay's operation of two paper mills on the Uruguay River, which forms the border with Argentina; the two countries formed a joint pollution monitoring regime; uncontested boundary dispute between Brazil and Uruguay over Braziliera/Brasiliera Island in the Quarai/Cuareim River leaves the tripoint with Argentina in question; smuggling of firearms and narcotics continues to be an issue along the Uruguay-Brazil border


    Trafficking in persons



Illicit drugs
small-scale transit country for drugs mainly bound for Europe, often through sea-borne containers; law enforcement corruption; money laundering because of strict banking secrecy laws; weak border control along Brazilian frontier; increasing consumption of cocaine base and synthetic drugs

Information provided by CIA - The World Fact Book



Doing Business in Uruguay 2017


           
 

 
Uruguay

  Ease of Doing Business Rank
Overall DTF
90
61.85
 
 
Starting a Business (rank)
60
 
 
Protecting Minority Investors (rank)
123
 
  DTF
89.79
 
  DTF
45.00
 
  Procedures - Men (number)
5.0
 
  Strength of minority investor protection index (0-10)
4.5
 
  Time - Men (number)
6.5
 
  Extent of conflict of interest regulation index (0-10)
5.0
 
  Cost - Men (days)
22.5
 
  Extent of disclosure index (0-10)
3.0
 
  Procedures - Women (days)
5.0
 
  Extent of director liability index (0-10)
4.0
 
  Time - Women (% of income per capita)
6.5
 
  Ease of shareholder suits index (0-10)
8.0
 
  Cost - Women (% of income per capita)
22.5
 
  Extent of shareholder governance index (0-10)
4.0
 
  Paid-in min. capital (% of income per capita)
0.0
 
  Extent of shareholder rights index (0-10)
5.0
 
 

 
  Extent of ownership and control index (0-10)
6.0
 
  Dealing with Construction Permits (rank)
163
 
  Extent of corporate transparency index (0-10)
1.0
 
  DTF
54.79
 
 

 
  Procedures (number)
21.0
 
  Paying Taxes (rank)
113
 
  Time (days)
251.0
 
  DTF
66.08
 
  Cost (% of warehouse value)
1.1
 
  Payments (number per year)
20.0
 
  Building Quality Control Index(0-15)
8.0
 
  Time (hours per year)
271.0
 
  Quality of building regulations index (0-2)
1.0
 
  Total tax rate (% of profit)
41.8
 
  Quality control before construction index (0-1)
1.0
 
  Profit tax (% of profit)
23.6
 
  Quality control during construction index (0-3)
2.0
 
  Labor tax and contributions (% of profit)
15.6
 
  Quality control after construction index (0-3)
3.0
 
  Other taxes (% of profit)
2.6
 
  Liability and insurance regimes index (0-2)
1.0
 
  Postfiling index (0-100)
49.3
 
  Professional certifications index (0-4)
0.0
 
 
 
 
   
 
 
  Trading Across Borders (rank)
146
 
  Getting Electricity (rank)
43
 
  DTF
55.98
 
  DTF
82.12
 
  Time to export: Border compliance (hours)
120
 
  Procedures (number)
5.0
 
  Cost to export: Border compliance (USD)
1095
 
  Time (days)
48.0
 
  Time to export: Documentary compliance (hours)
24
 
  Cost (% of income per capita)
12.5
 
  Cost to export: Documentary compliance (hours) (USD)
231
 
  Reliability of supply and transparency of tariff index (0-8)
6.0
 
  Time to import: Border compliance (hours)
13
 
  Total duration and frequency of outages per customer a year (0-3)
1.0
 
  Cost to import: Border compliance (USD)
375
 
  Mechanisms for monitoring outages (0-1)
1.0
 
  Time to import: Documentary compliance (hours)
72
 
  Mechanisms for restoring service (0-1)
1.0
 
  Cost to import: Documentary compliance (USD)
285
 
  Regulatory monitoring (0-1)
1.0
 
   
 
 
  Financial deterrents aimed at limiting outages (0-1)
1.0
 
  Enforcing Contracts (rank)
111
 
  Communication of tariffs and tariff changes (0-1)
1.0
 
  DTF
54.44
 
  Price of electricity (US cents per kWh)
18.9
 
  Time (days)
725.0
 
   
 
 
  Cost (% of claim)
23.2
 
  Registering Property (rank)
110
 
  Quality of judicial processes index (0-18)
7.0
 
  DTF
58.01
 
   
 
 
  Procedures (number)
9.0
 
  Resolving Insolvency (rank)
61
 
  Time (days)
66.0
 
  DTF
52.26
 
  Cost (% of property value)
7.0
 
  Recovery rate (cents on the dollar)
41.9
 
  Quality of the land administration index (0-30)
23.0
 
  Time (years)
1.8
 
  Reliability of infrastructure index (0-8)
7.0
 
  Cost (% of estate)
7.0
 
  Transparency of information index (0-6)
4.0
 
  Outcome (0 as piecemeal sale and 1 as going concern)
0
 
  Geographic coverage index (0-8)
6.0
 
  Strength of insolvency framework index (0-16)
9.5
 
  Land dispute resolution index (0-8)
6.0
 
  Commencement of proceedings index (0-3)
2.5
 
  Equal access to property rights index (-2-0)
0.0
 
  Management of debtor's assets index (0-6)
6.0
 
 
 
 
  Reorganization proceedings index (0-3)
1.0
 
  Getting Credit (rank)
62
 
  Creditor participation index (0-4)
0.0
 
  DTF
60.00
 
   
 
 
  Strength of legal rights index (0-12)
4.0
 
   
 
 
  Depth of credit information index (0-8)
8.0
 
 
 
 
  Credit registry coverage (% of adults)
100.0
 
   
 
 
  Credit bureau coverage (% of adults)
100.0
 
 
 
 
 

 
   
 
 
 
 
 
 



Information provided by The World Bank Group

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | DISCLAIMER |  © World Services Group, 2017