Early in the 20th century Uruguay was a relatively wealthy supply region for beef and wool exports to the advanced countries. In the postwar period it developed under the import substitution model which had limited success due to the small size of the internal market.
There was a period of political instability and military rule in the 1970's but since 1985 the Constitution has been restored. The economy suffered a lost decade in the 1980's due to the Latin American debt crisis but growth resumed in the 1990's. At the turn of the Millennium Uruguay suffered from the fallout from the crises in it’s two large neighbours Brazil and Argentina.
Growth since then has been positive albeit it has trended lower in the last few years. Uruguay exports mostly agricultural and primary produce and is integrated into Mercosur along with Brazil, Argentina and Paraguay. It’s tourist sector is heavily dependent on tourists from Argentina and it will be affected by the recent devaluation of the Peso there. It needs to diversify it’s exports by product type and destination and it could do more to develop markets in Asia, China in particular.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil Production 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Uruguay
Introduction
20th Century
Economy
State Finances
Commentary on Economy
Charts & Chart Commentary
Sources
63 pages
Uruguay 2020
- Product Code: ISSN 2014-5063 (2020) No 19
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