Uruguay's economy is stable, with agriculture exporting beef, soy, and rice. Services, including finance and IT, dominate in Montevideo. Tourism thrives on beaches and colonial sites. Renewable energy, mainly wind and hydro, leads globally. Pulp mills and logistics via ports support trade. Social welfare reduces inequality. Challenges include aging population and competition. Free trade agreements enhance exports. Uruguay's progressive policies attract investment in cannabis and tech. Despite small size, strong institutions ensure resilience and sustainable growth.
World Bank Data. 2000-2024. Last updated Oct 2025.
Refer to the latest year-over-year Uruguay GDP statistics.