URUGUAY

Tepid regional recovery is a positive

BB2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD56.157bn (World ranking 77, World Bank 2017)
Population 3.46mn (World ranking 133, World Bank 2017)
Form of state Constitutional Republic
Head of government Tabaré Vázquez (President)
Next elections 2019, presidential and legislative
  • Robust democratic political system with a good degree of social consensus
  • Relatively high levels of foreign reserves
  • Stable FDI inflows
  • Persistent high inflation and public debt-GDP ratio
  • Banking system highly dollarized with large non-resident deposits
  • Vulnerable to external shocks particularly through trade and financial links with neighbors Brazil and Argentina and main merchandise export partner China

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Brazil 17%
1
19% China
China 13%
2
18% Brazil
United States 6%
3
13% Argentina
Argentina 5%
4
7% United States
Netherlands 3%
5
5% Germany

Trade structure by product

(% of total)

Exports Rank Imports
Meat and meat preparations 23%
1
10% Petroleum, petroleum products and related materials
Oil seeds and oleaginous fruits 12%
2
8% Road vehicles
Cork and wood 10%
3
6% Power generating machinery and equipment
Cereals and cereal preparations 10%
4
5% Electrical machinery, apparatus and appliances, n.e.s.
Dairy products and birds' eggs 8%
5
5% Telecommunication and sound recording apparatus

Contact

Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Georges Dib

Economist for Latin America, Spain and Portugal

georges.dib@eulerhermes.com

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