Uruguay-Economic and political outline

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Published: 06 Oct 2008 17:49:37 PST

Economic indicators

GDP Indicators	2004	2005	2006	2007	2008
GDP (billions USD)	13.268	16.7	19.127	21.171	23.325
GDP (constant prices, annual % change)	11.8	6.6	7	5.2	3.8
GDP per capita (USD)	3902.997	5218.632	5977.239	6616.081	7289.09
General government balance (in % of GDP)
Inflation rate (%)	9.2	4.7	6.4	8	6.8
Unemployment rate (% of the labor force)	17	17
Current Account (billions USD)	17	17
Current Account (in % of GDP)	0.043	0	-0.461	-0.593	-0.653

Source: IMF - World Economic Outlook Database

Note: (e) Estimated data

Breakdown of economic activity by sector	Agriculture	Industry	Services
Value added (annual % change)	10.57522	15.71543	5.87423
Value added (in % of GDP)		28.81	59.58
Employment by sector(in % of total employment)	4.5%	21.5%	73.9%

Source: - last available data.

Foreign trade indicators	2002	2003	2004	2005	2006
Imports of goods (millions USD)	1873.8	2097.8	2992.224	3753.259	4862.768
Exports of goods (millions USD)	1922.1	2281.1	3145.007	3774.078	4389.084
Imports of services (millions USD)	600.3	635.8	786.0757	939.4783	923.4075
Exports of services (millions USD)	753.72	802.8	1111.558	1311.283	1284.284
Imports of goods and services (annual % change)	-27.90465	5.80411	26.49104	8.762202	21.1828
Exports of goods and services (annual % change)	-10.3475	4.208123	27.55817	16.78289	8.5
Trade Balance (millions USD)	48.3	183.3	152.7831	20.81949	-473.6833
Current Account (millions USD)	322.22	-55.5197	3.124736	42.21861	-456.56
Foreign trade (in % of GDP)	41.97466	50.63267	59.421	57.95193	50.63267
Imports of goods and services (in % of GDP)	20.00808	24.56137	28.52934	27.86433	30.30398
Exports of goods and services (in % of GDP)	21.96658	26.0713	30.89166	30.0876	29.22151

Source:

To see more products: More imports (Intracen Data)
More exports (Intracen Data)

Economic Organizations: http://www.ine.gub.uy/">National Institute of Statistics (in Spanish)

http://www.bcu.gub.uy/indexe.html">Central Bank of Uruguay
http://www.bevsa.com.uy/ppal.html">Uruguay Stock Exchange (in Spanish)
Ministries: http://www.mef.gub.uy/portada.php">Ministry of Economy and Finances (in Spanish)
Online newspapers: http://www.brecha.com.uy/index.asp">Brecha (in Spanish)
http://www.elobservador.com.uy/elobservador/principal.asp">El Observador (in Spanish)
http://www.elpais.com.uy">El Pais (in Spanish)
Search Engines: Uruguay Total
LoGratis
Uruwow
Economic portals: http://www.uruguaytotal.com/01_compras/00_compras.htm">
Uruguay Portal (in Spanish)

Executive Power
Legislative Power
Main political parties: Uruguay has a multi-party system, with three dominant political parties. It has been extreme difficulty for any other political party to achieve electoral success. However, Uruguays first coalition government has come to power in 2005. The three dominant parties are:
- Colorado Party - a liberal and social-democratic party, the most elected party in Uruguayan history;
- National Party - a liberal conservative party also called White Party;
- Independent Party - a social democratic and Christian socialist party, advocates Third Way - an alternative to the traditional left- and right-wing politics.
Current political leaders: President: Tabare VAZQUEZ Rosas (since March 2005) EPFA (Broad Front-Progressive Encounter-New Majority) which is a coalition comprising of about a dozen small left-wing political parties.
Next election dates: Presidential: October 2009
Chamber of Representatives: October 2009