Evaluating the market in Uruguay

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Uruguay

Economic growth in Uruguay is expected to reach close to 3 per cent in 2018. Despite subdued growth in the agricultural sector, this expansion will be driven by strong manufacturing exports. The business environment is strengthened by a stable economic and political environment, strong bank supervision and high levels of international reserves. Total trade represents about half of Uruguay's GDP. As a member of the Mercosur economic block, Uruguay has strong trade ties with neighbour countries, however, it continues to seek trade diversification with other markets outside the region.

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