FACTOID # 101: The United States has the world's highest marriage rate - as well as the world's highest divorce rate.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Economy of Uruguay
Topics

Communications
Culture
Demographics
Economy
Education
Foreign relations
Geography
Government
History
Military
Politics
Religion
Tourism
Transport
Wikipedia does not have an article with this exact name. ... Telephones - main lines in use: 622,000 (1995) Telephones - mobile cellular: 40,000 (1995) Telephone system: some modern facilities domestic: most modern facilities concentrated in Montevideo; new nationwide microwave radio relay network international: satellite earth stations - 2 Intelsat (Atlantic Ocean) Radio broadcast stations: AM 94, FM 115, shortwave 14 (seven... // Juan Manuel Blanes (1830-1901), Uruguays most famous 19th century artist, painted large canvases depicting the life of the gaucho, the South American cattle herder, and events from Uruguays history. ... Uruguayans share a Spanish linguistic and cultural background, even though almost a half of the population is of Italian origin and other ethnic groups. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... This is about the history of Uruguay. ... Uruguay is a democracy and representative republic with its capital in Montevideo. ...


Uruguay

Contents

Motto (Spanish) Liberty or Death Anthem Capital (and largest city) Montevideo Official languages Spanish Demonym Uruguayan Government Presidential democratic republic  -  President Tabaré Vázquez  -  Vice President Rodolfo Nin Independence from Brazil   -  Declared August 25, 1825   -  Recognised August 28, 1828  Area  -  Total 176,215 km² (90th) 68,038 sq mi   -  Water...

Main areas that made the Uruguayan Economy

  • Cattle were introduced to Uruguay before its independence by Hernando Arias de Saveedra, the Spanish Governor of Buenos Aires in 1603. Beef exports in 2006 amounted around a 37% of Uruguayan exportations.[1]
  • Wool is a traditional product exported mainly to China, followed by the UK and India.[2]
  • Milk and dairy products. Conaprole, National Cooperative of Milk Producers[3] is the main exporter of dairy food of Latin America (in 2006) among others national and international companies operating in the market. The area of the country dedicated to the dairy food is located mainly in the south west.
  • Rice. Fine varieties are produced in the lowlands in the east of the country close to Merin Lake on the Uruguay-Brazil border. The national company Saman claims to be the main exporter in Latin America.[4] Countries it exports to include Brazil, Iran, Peru, South Africa, Chile, Senegal, Argentina, Paraguay, Bolivia, Ecuador, USA, Canada and China.
  • Tourism: Several seaside resorts, including Punta del Este, regarded as a jet set reduct in South America, are main attractions of Uruguay. International cruises call at Montevideo from October to March every year. Also, Uruguay hosts many year-round international conferences. (The original GATT Uruguay Round concerning trade was, as its name suggests, hosted in Uruguay). Montevideo is home to the headquarters (secretariat) of [Mercosur], the Common Market of the South, whose full members are Uruguay, Argentina, Brazil, Paraguay and Venezuela, associate members Bolivia, Chile, Colombia, Ecuador and Peru.
  • Software and consulting. Uruguay's well-educated workforce and lower-than-international wages have put Uruguay on the IT map. Both local and international companies operate in the country, some of them with offices worldwide. A product named Genexus,[5] originally created in Uruguay by a company called ArTech, is noteworthy. Other important developers and consultants include De Larrobla & Asociados[6] and Quanam.[7] Tata Consultancy Services has its headquarters for the Spanish speaking world in Uruguay. Many of these companies have established in ‘Zona America’ Business and Technology Park, in the suburbs of Montevideo.

"With a population of only three million, Uruguay has rapidly become Latin America's outsourcing hub. In partnership with one of India's largest technology consuhttp://en.wikipedia.org/w/index.php?title=Economy_of_Uruguay&action=edit Editing Economy of Uruguay - Wikipedia, the free encyclopedialting firms, engineers in Montevideo work while their counterparts in Mumbai sleep." - The New York Times, Sep 22, 2006 Department Maldonado Department Altitude 0m Coordinates 34º 58S 54º 57W Founded 1907 Population 8,252 (2004) Demonym Puntaesteño Phone Code +042 Postal Code 20100 Skyline of Punta del Este looking from Punta Ballena Image:Sunrise punta ballena 2006 january. ... GeneXus is a knowledge-based software development tool, mainly oriented to enterprise-class applications for the web and Windows platforms. ... Tata Consultancy Services Limited (TCS Limited) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. ...

  • Banking Services. Banking has traditionally been one of the strongest service export sectors in the country. Uruguay was once dubbed "the Switzerland of America", mainly for its banking sector and stability. The largest bank in Uruguay is Banco Republica, or BROU. Almost 20 private banks, most of them branches of international banks, operate in the country (Banco Santander, ABN AMRO, Citibank, among others). There are also a myriad of brokers and financial-services bureaus, among them Ficus Capital, Galfin Sociedad de Bolsa, Europa Sociedad de Bolsa, Darío Cukier, GBU, Hordeñana & Asociados Sociedad de Bolsa, etc. Uruguay has fully recovered from the financial crisis that caused a run on its banks.
  • Public Sector: The state in Uruguay has an important role in the economy, Uruguay resisted the trend of privatization in Utilities and state owned enterprises in the region. Several Referendums supported the state being in control of the most important utilities and energy companies. Some of the companies have a full monopoly warranted by law (like landline telephony, water), others compete freely with private operators (Insurance, mobile telephony, Banks). Most of them are dominant in the local market. There is strong debate in the Uruguayan society about their role, and future. Some of them made a contribution to the Uruguay state treasury.

The most important state owned companies are:


Republica AFAP (Pension Fund), AFE (railways), ANCAP (Energy), ANCO Mail, dministracion Nacional de Puertos Ports, ANTEL (Telecommunications: Telephony, Mobiles (ANCEL and Data ANTELDATA), BHU Mortgage Bank, BROU (Bank), BSE (Insurance), OSE (Water & Sewage), UTE (Electricity). Niki Barr and her band in Japan in 2003. ... Anarcho-capitalism is a view that regards all forms of the state as unnecessary and harmful, particularly in matters of justice and self-defense, while being highly supportive of private property. ... ANPA is an acronym for: American Native Press Archives American Newspaper Publishers Association Association of National Park Authorities Association of Nigerian Physicians in the Americas Australian National Pigeon Association Australian Naturopathic Practitioners Association Australian Nurse Practitioners Association Category: ... ANTEL (Administración Nacional de Telecomunicaciones) is Uruguays goverment-owned telecommunications company. ... Motto: none Anthem: Druk tsendhen Capital Thimphu Largest city Thimphu Official language(s) Dzongkha, English Government King Prime Minister Monarchy Jigme Singye Wangchuck Lyonpo Sangay Ngedup Independence   recognized by India 1949-08-08 Area  â€¢ Total  â€¢ Water (%)   47,500 km² (130th) negligible Population  â€¢ 2005 est. ... BROU: Banco de la Republica Oriental del Uruguay. ... The Three-Letter Acronym or Abbreviation (TLA) BSE could stand for Bachelor of Science in Engineering Baku Stock Exchange Barbados Stock Exchange Battle Space Entity (military simulations) Black Sun Empire - Dutch drum and bass production trio Bolshaya Sovetskaya Entsiklopediya (Большая Советская Энциклопедия, Great Soviet Encyclopedia) - the most comprehensive encyclopedia ever written in Russian... In demonology Ose is a Great President of Hell, ruling three legions of demons (thirty to other authors, and Pseudomonarchia Daemonum gives no number of legions). ... Ute may refer to: The Ute, a tribe of Native Americans of the Uto-Aztecan language family. ...


Those companies operate under public law, using the a legal entity defined in the Uruguayan Constitution called 'Ente Autonomo' (Meaning Autonomic Entity).


The government also owns parts of other companies operating under private law like the National Airline Carrier PLUNA and others owned totally or partially by the CND National Develoment Corporation. PLUNA (Primeras Líneas Uruguayas de Navigación Aérea) is Uruguays national and international airline, based in Montevideo. ... CND logo In British politics, the Campaign for Nuclear Disarmament has been at the forefront of the peace movement in the United Kingdom and claims to be Europes largest single-issue peace campaign. ...


Industry

Main article: Industry of Uruguay
  • Milk and dairy products. Conaprole, National Cooperative of Milk Producers[8] is the main exporter of dairy food of Latin America (in 2006) among others national and international companies operating in the market. The area of the country dedicated to the dairy food is located mainly in the south west.
  • Tobacco and beverages, including some fine wines.
  • Chemical products. Oil Refinery[9] ANCAP
  • Leather and leather products.
  • Paper pulp, paper, cardboard and derivatives. A big pulp mill is due to start operating near the city of Fray Bentos, the pulpmill is owned by the Finnish group Metsa Botnia.
  • Textiles.
  • Fisheries
  • Ceramics, glass and glass products.
  • Electrical Machinery.
  • Transport Materials.

Anarcho-capitalism is a view that regards all forms of the state as unnecessary and harmful, particularly in matters of justice and self-defense, while being highly supportive of private property. ... Map of Uruguay, showing Fray Bentos as well as Montevideo Fray Bentos is a town in western Uruguay, close to the border with Argentina, and about 160 km (100 mi) due north of Buenos Aires. ...

Raw Data

GDP: purchasing power parity - $37.54 billion (2006 est.)


GDP - real growth rate: 7% (2006 est.)


GDP - per capita: purchasing power parity - $10,900 (2006 est.)


GDP - composition by sector:
agriculture: 9.3%
industry: 33.7%
services: 57% (2006)


Inflation rate (consumer prices): 6.5% (2006 est.)


Labor force: 1.27 million (2006 est.)


Unemployment rate: 10.8% (2006 est.)


Budget:
revenues: $5.203 billion
expenditures: $5.449 billion; including capital expenditures of $193 million (2006 est.)


Industries: food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ...


Industrial production growth rate: 12.6% (2006 est.)


Electricity - production: 9,474 GWh (1998)


Electricity - production by source:
fossil fuel: 3.91%
hydro: 95.62%
nuclear: 0%
other: 0.47% (1998) Fossil fuels are hydrocarbons, primarily coal and petroleum (fuel oil or natural gas), formed from the fossilized remains of dead plants and animals[1] by exposure to heat and pressure in the Earths crust over hundreds of millions of years[2]. The theory that hydrocarbons were formed from these...


Electricity - consumption: 6,526 GWh (1998)


Electricity - exports: 2,363 GWh (1998)


Electricity - imports: 78 GWh (1998)


Agriculture - products: wheat, rice, barley, maize, sorghum; livestock; fish Species T. aestivum T. boeoticum T. compactum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum T. timopheevii References:   ITIS 42236 2002-09-22 For the indie rock group see: Wheat (band). ... For other uses, see Rice (disambiguation). ... Binomial name L. Barley (Hordeum vulgare) is an annual cereal grain, which serves as a major animal feed crop, with smaller amounts used for malting and in health food. ... This article is about the maize plant. ... Species About 30 species, see text Sorghum is a genus of numerous species of grasses, some of which are raised for grain and many of which are utilised as fodder plants either cultivated or as part of pasture. ... Sheep are commonly bred as livestock. ... For other uses, see Fish (disambiguation). ...


Exports: $3.993 billion f.o.b. (2006 est.)


Exports - commodities: meat, rice, leather products, vehicles, dairy products, wool, electricity A dairy farm near Oxford, New York in the United States. ...


Exports - partners: Brazil 14%, US 12.3%, Argentina 8.2%, China 6.1%, Germany 5%, Russia 5%, Mexico 4.3% (2006)


Imports: $4.532 billion f.o.b. (2006 est.)


Imports - commodities: road vehicles, electrical machinery, metal manufactures, heavy industrial machinery, crude petroleum


Imports - partners: Brazil 17.2%, Argentina 16.4%, US 8.9%, Paraguay 7.8%, China 7.5%, Venezuela 5.2%, Nigeria 4.8% (2006)


Debt - external: $11.4 billion (30 September 2006 est.)


Currency: 1 Uruguayan peso ($Ur) = 100 centesimos


Exchange rates: Uruguayan pesos per US dollar - 24.048 (2006), 24.479 (2005), 28.704 (2004), 28.209 (2003), 21.257 (2002)


Fiscal year: calendar year


Natural resources and agriculture

  • Cattle were introduced to Uruguay before its independence by Hernando Arias de Saveedra, the Spanish Governor of Buenos Aires in 1603. Beef exports in 2006 amounted around a 37% of Uruguayan exports.[10]
  • Wool is a traditional product exported mainly to China, followed by the UK and India.[11]
  • Rice.

Fine varieties are produced in the lowlands in the east of the country close to the Laguna Merín on the Uruguay-Brazil border. The national company Saman claims to be the main exporter in Latin America.[12] Countries it exports to include Brazil, Iran, Peru, South Africa, Chile, Senegal, Argentina, Paraguay, Bolivia, Ecuador, USA, Canada and China.

  • Mineral products, including gold, granite and quartz.
  • Wood, cork and derivative products.

Services

Seals in the marina in Punta del Este
Seals in the marina in Punta del Este
  • Tourism in Uruguay: (See category: Tourism in Uruguay) Several seaside resorts, including Punta del Este, regarded as a jet set destination in South America, is one but not the only attraction of Uruguay. International cruises call at Montevideo from October to March every year. Also, Uruguay hosts many year-round international conferences. (The original GATT Uruguay Round concerning trade was, as its name suggests, hosted in Uruguay). Montevideo is home to the headquarters (secretariat) of Mercosur, the Common Market of the South, whose full members are Uruguay, Argentina, Brazil, Paraguay and Venezuela, associate members Bolivia, Chile, Colombia, Ecuador and Peru.
  • Software and consulting. Uruguay's well-educated workforce and lower-than-international wages have put Uruguay on the IT map. Both local and international companies operate in the country, some of them with offices worldwide. A product named Genexus,[13] originally created in Uruguay by a company called ArTech, is noteworthy. Other important developers and consultants include De Larrobla & Asociados,[14] Quanam.[15], and Urudata Software.[16] Tata Consultancy Services has its headquarters for the Spanish speaking world in Uruguay. Many of these companies have established in Zona America Business and Technology Park, in the suburbs of Montevideo.

"With a population of only three million, Uruguay has rapidly become Latin America's outsourcing hub. In partnership with one of India's largest technology consulting firms, engineers in Montevideo work while their counterparts in Mumbai sleep." - The New York Times, Sep 22, 2006 Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Department Maldonado Department Altitude 0m Coordinates 34º 58S 54º 57W Founded 1907 Population 8,252 (2004) Demonym Puntaesteño Phone Code +042 Postal Code 20100 Skyline of Punta del Este looking from Punta Ballena Image:Sunrise punta ballena 2006 january. ... Department Maldonado Department Altitude 0m Coordinates 34º 58S 54º 57W Founded 1907 Population 8,252 (2004) Demonym Puntaesteño Phone Code +042 Postal Code 20100 Skyline of Punta del Este looking from Punta Ballena Image:Sunrise punta ballena 2006 january. ... Motto (Spanish) (Portuguese) (Guaraní) Our North is the South  â€¢  â€¢ Pro Tempore Secretariat Montevideo, Uruguay Largest city São Paulo, Brazil Official languages 3 Portuguese Spanish Guaraní Membership 5 Argentina Brazil Paraguay Uruguay Venezuela Leaders  -  Carlos Álvarez Establishment  -  Declaration of Foz do Iguaçu 30 December 1985   -  Treaty of Asunción... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Department Maldonado Department Altitude 0m Coordinates 34º 58S 54º 57W Founded 1907 Population 8,252 (2004) Demonym Puntaesteño Phone Code +042 Postal Code 20100 Skyline of Punta del Este looking from Punta Ballena Image:Sunrise punta ballena 2006 january. ... GeneXus is a knowledge-based software development tool, mainly oriented to enterprise-class applications for the web and Windows platforms. ... Tata Consultancy Services Limited (TCS Limited) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. ...

  • Banking & Finance. Despite the recent downturn the banking sector is recovering, many private banks in Uruguay having operated without disruption during the 2002 crisis. In addition, strong banking privacy laws in Uruguay have encouraged a recent influx of foreign [17]
  • Port Services & Container terminal:

Public Sector (Energy, Finance, Transport, Utilities)

Main article: Public Services in Uruguay
  • Public Sector: The state of Uruguay has an important role in the economy as Uruguay has resisted the trend of privatization in utilities and state owned enterprises in the region. Several referendums supported the state being in control of the most important utilities and energy companies. Some of the companies have a full monopoly warranted by law (e.g landline telephone and water companies). Others compete freely with private operators (e.g. insurance, mobile telephone and banking companies). Most of them are dominant in the local market, thus leading to a strong debate in Uruguayan society about their role and future. However, it is important that some of them have made contributions to the Uruguay state treasury.

The most important state owned companies are:


Republica AFAP (Pension Fund), AFE (Uruguay) (railways), ANCAP (Energy), ANCO Mail, ANP Ports, ANTEL (Telecommunications: Telephony, Mobiles (ANCEL and Data ANTELDATA), BHU Mortgage Bank, BROU (Bank), BSE (Insurance), OSE (Water & Sewage), UTE (Electricity). Anarcho-capitalism is a view that regards all forms of the state as unnecessary and harmful, particularly in matters of justice and self-defense, while being highly supportive of private property. ... ANTEL (Administración Nacional de Telecomunicaciones) is Uruguays goverment-owned telecommunications company. ... Motto: none Anthem: Druk tsendhen Capital Thimphu Largest city Thimphu Official language(s) Dzongkha, English Government King Prime Minister Monarchy Jigme Singye Wangchuck Lyonpo Sangay Ngedup Independence   recognized by India 1949-08-08 Area  â€¢ Total  â€¢ Water (%)   47,500 km² (130th) negligible Population  â€¢ 2005 est. ... BROU: Banco de la Republica Oriental del Uruguay. ... The Three-Letter Acronym or Abbreviation (TLA) BSE could stand for Bachelor of Science in Engineering Baku Stock Exchange Barbados Stock Exchange Battle Space Entity (military simulations) Black Sun Empire - Dutch drum and bass production trio Bolshaya Sovetskaya Entsiklopediya (Большая Советская Энциклопедия, Great Soviet Encyclopedia) - the most comprehensive encyclopedia ever written in Russian... In demonology Ose is a Great President of Hell, ruling three legions of demons (thirty to other authors, and Pseudomonarchia Daemonum gives no number of legions). ... Ute may refer to: The Ute, a tribe of Native Americans of the Uto-Aztecan language family. ...


Those companies operate under public law, using the a legal entity defined in the Uruguayan Constitution called Ente Autonomo (Meaning Autonomous Entity).


The government also owns parts of other companies operating under private law like the National Airline Carrier PLUNA and others owned totally or partially by the CND National Development Corporation. PLUNA (Primeras Líneas Uruguayas de Navigación Aérea) is Uruguays national and international airline, based in Montevideo. ... CND logo In British politics, the Campaign for Nuclear Disarmament has been at the forefront of the peace movement in the United Kingdom and claims to be Europes largest single-issue peace campaign. ...


See also

Of the emerging democracies in central and eastern Europe, Czechia has one of the most developed industrialized economies. ... Tourism, petroleum transhipment, and offshore finance are the mainstays of the Netherlands Antillean economy, which is closely tied to the outside world. ... The United Kingdom has the fifth largest gross domestic product in the world in terms of market exchange rates and the sixth largest by purchasing power parity (PPP). ... A Special Administrative Region (SAR) of the Peoples Republic of China is an administrative division of the Peoples Republic of China (PRC). ... For the Chinese civilization, see China. ... The economy of South America comprises about 500 million people living in 14 states and territories. ... This is an alphabetical list of the sovereign states of the world, including both de jure and de facto independent states. ... Trinidad and Tobago experienced a real growth rate of 3. ... Image File history File links South_America. ... A dependent territory, dependent area or dependency is a territory that does not possess full political independence or sovereignty as a State. ... Economy - overview: The economy is tied closely to that of France through subsidies and imports. ... A transcontinental nation is a country belonging to more than one continent. ... World map showing the Americas CIA political map of the Americas The Americas are the lands of the Western hemisphere or New World consisting of the continents of North America[1] and South America with their associated islands and regions. ... North America North America is a continent[1] in the Earths northern hemisphere and (chiefly) western hemisphere. ...

References

  1. ^ [(http://www.aca.com.uy/datos_estadisticos/exportaciones_2006.htm )]
  2. ^ [(http://www.sul.org.uy )]
  3. ^ [(http://www.conaprole.com.uy)]
  4. ^ [( http://www.saman.com.uy )]
  5. ^ [( http://www.genexus.com )]
  6. ^ [( http://www.bantotal.com )]
  7. ^ [( http://www.gquanam.com/home/index.php?idioma=eng )]
  8. ^ [(http://www.conaprole.com.uy)]
  9. ^ [( http://www.ancap.com.uy )]
  10. ^ [(http://www.aca.com.uy/datos_estadisticos/exportaciones_2006.htm )]
  11. ^ [(http://www.sul.org.uy )]
  12. ^ [( http://www.saman.com.uy )]
  13. ^ [( http://www.genexus.com )]
  14. ^ [( http://www.bantotal.com )]
  15. ^ [( http://www.gquanam.com/home/index.php?idioma=eng )]
  16. ^ [( http://www.urudata.com/principal.asp?idioma=CEng )]
  17. ^ [(http://www.elpais.com.uy)]

External links


  Results from FactBites:
 
Uruguay - Wikipedia, the free encyclopedia (1732 words)
It is bordered by Brazil to the north, the Uruguay River to the west, the estuary of the Río de la Plata (literally "River of Silver", but commonly known in English as "River Plate") to the southwest, with Argentina on the other bank of both, and finally the South Atlantic Ocean to the southeast.
Uruguay then experienced a series of elected and appointed presidents and saw conflicts with neighboring states, political and economic fluctuations and modernization, and large inflows of immigrants, mostly from Europe.
Uruguay's economy is characterised by an export-oriented agricultural sector, a well-educated workforce, and high levels of social spending, as well as a developed industrial sector.
  More results at FactBites »


 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m