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Post: Uruguay, Montevideo - Cost of LivingThis forum post is dated 09/15/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.
| Post: Uruguay, Montevideo - Cost of Living The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector. Uruguays economy relies heavily on trade, particularly in agricultural exports, leaving the country vulnerable to slumps in commodity prices.
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| "Agriculture being Only 10% of GDP"
I would have thought Agriculture represented a much higher percentage of GDP, so I did some independent checking. See link to more Uruguay-related info (per CIA).The CIA shows Agricultural percentage of GDP at 9.3%. (All figures for 2009.) Industry = 22.7% Services = 68% Per capita GDP = U$12, 600 Unemployment = 7.6% Population below the Poverty Line = 27.4% Household consumption by Percentage Share: Lowest 10%: 1.7% Highest 10%: 34.8% Public Debt: 56.6% of GDP Budget Deficit (2009): Revenues: U$8.74 Bn LESS Expenditures:U$9.376 BN= U$636mm (during financial crisis year/2009; will be less in 2010. Inflation rate: 7.1% Lots of good data in the report |
Comment #209/15/10 09:02Rural east Colonia departmento | "Agricultural percentages"
The 10% figure reflects basic agricultural production but excludes agricultural processing and allied activities. Growing a peach is agriculture but turning it into jam is not if you see what I mean. |
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