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Post: Uruguay, Montevideo - Cost of Living

This 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 If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.


Forum Post
09/15/10 06:31
Winnemucca, Nevada

Post: Uruguay, Montevideo - Cost of Living

Thank author of this post/commentThe 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.

Comment #1
09/15/10 08:50
Montevideo
Thank author of this post/comment"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 #2
09/15/10 09:02
Rural east Colonia departmento
Thank author of this post/comment"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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