Finance of Uruguay

The minimum monthly wage in Uruguay is 349 USD. Uruguay has a government debt of 57.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Uruguay is 8.3%. The currency of Uruguay is Uruguayan peso. The plural form of the word Uruguayan peso is pesos. The symbol used for this currency is $, and it is abbreviated as UYU. The Uruguayan peso is divided into centesimo; there are 100 in one peso. Each year, consumers spend around $10,875 million. The ratio of consumer spending to GDP in Uruguay is 0.02%, and the ratio of consumer spending to the world consumer market is 3.14%. The corporate tax in Uruguay is set at 25%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in Uruguay is 22%. In 2013, Uruguay received 19.3 million USD in foreign aid.In 2014, the foreign aid amounted to 19.4 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Uruguay is $71,675 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Uruguay was last recorded at $20,658,293. PPP in Uruguay is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Uruguay is 55,708 billion. Based on this statistic, Uruguay is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Uruguay was last recorded at $16,056,256. The average citizen in Uruguay has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Uruguay averaged 2.8% in 2014. According to this percentage, Uruguay is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.