Economy of Uruguay
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[edit] Peculiarities of Uruguay
[edit] 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.)
- Pop. below the poverty line: NA%
- 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
- Industrial production growth rate: 12.6% (2006 est.)
- Electricity - production: 9,474 GWh (1998)
- fossil fuel: 3.91 %
- hydro: 95.62 %
- nuclear: 0 %
- other: 0.47 % (1998)
- 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
- Exports: $3.993 billion f.o.b. (2006 est.)
- Exports - commodities: meat, rice, leather products, vehicles, dairy products, wool, electricity
- 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
[edit] 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.[1]
- Wool is a traditional product exported mainly to China, followed by the UK and India.[2]
- Fine varieties of rice 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.[3] 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.
[edit] See also
- Liebig Extract of Meat Company, which ran a very large and influential beef extract factory in Fray Bentos for 100 years
- Uruguay
- Economy of South America
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