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![]() ![]() Uruguay Economy 1998 https://greekorthodoxchurch.org/wfb1998/uruguay/uruguay_economy.html SOURCE: 1998 CIA WORLD FACTBOOK Economy - overview Uruguay's small economy benefits from a favorable climate for agriculture and substantial hydropower potential. Economic development has been restrained in recent years by high - though declining - inflation and extensive government regulation. The SANGUINETTI government's conservative monetary and fiscal policies are aimed at continuing to reduce inflation; other priorities include extensive reform of the social security system and increased investment in education. Economic performance remains sensitive to conditions in Argentina and Brazil, largely because more than half of Uruguay's trade is conducted with its partners in Mercosur (the Southern Cone Common Market). GDP purchasing power parity - $29.1 billion (1997 est.) GDP - real growth rate 5.1% (1997) GDP - per capita purchasing power parity - $8,900 (1997 est.) GDP - composition by sector
Inflation rate - consumer price index 15.2% (1997) Labor force
Unemployment rate 10.3% (December 1997) Budget
Industries meat processing, wool and hides, sugar, textiles, footwear, leather apparel, tires, cement, petroleum refining, wine Industrial production growth rate 5.6% (1997) Electricity - capacity 2.055 million kW (1995) Electricity - production 7.6 billion kWh (1995) Electricity - consumption per capita 1,852 kWh (1995) Agriculture - products wheat, rice, corn, sorghum; livestock; fishing Exports
Imports
Debt - external $4.6 billion (1996 est.) Economic aid
Currency 1 Uruguayan peso ($Ur) = 100 centesimos Exchange rates Uruguayan pesos ($Ur) per US$1 - 9.98 (January 1998), 9.4448 (1997), 7.9718 (1996), 6.3491 (1995), 5.0529 (1994), 3.9484 (1993) Fiscal year
calendar year
NOTE: The information regarding Uruguay on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Uruguay Economy 1998 information contained here. All suggestions for corrections of any errors about Uruguay Economy 1998 should be addressed to the CIA. |
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