Economy of Uruguay

1900

Around 1900 infant mortality rates (IMR) in Uruguay were among the world's lowest, indicating a very healthy population. The number of trade unionists has quadrupled since 2003, from 110,000 to more than 400,000 in 2015 for a working population of 1.5 million people.

1905

Income tax for lower incomes was abolished in 1905, secondary schools established in every city (1906), telephone network nationalized, unemployment benefits were introduced (1914), eight-hour working day introduced (1915), etc. Claudio Williman who served between Batlle’s two terms was his supporter and continued all his reforms, as did the next President Baltasar Brum (1919–1923).

1991

In the case of beef exports, they have been boosted since Uruguay joined the Mercosur agreement in 1991 and the country has been able to reach more distant markets, such as Japan.

Other notable Uruguayan software enterprises are: Genexus, Códigos del Sur, Overactive. ===Mining=== Although this is a sector that does not make substantial contributions to the country's economy, in recent years there has been some activity in gold and cement production, and also in the extraction of granite. ===Plastics=== Due to two major investments made in 1991 and 1997, the most significant manufactured exports in Uruguay are plastics.

1996

After averaging growth of 5% annually during 1996–98, Uruguay's economy suffered a major downturn in 1999–2002, stemming largely from the spillover effects of the economic problems of its large neighbors, Argentina and Brazil.

1997

Other notable Uruguayan software enterprises are: Genexus, Códigos del Sur, Overactive. ===Mining=== Although this is a sector that does not make substantial contributions to the country's economy, in recent years there has been some activity in gold and cement production, and also in the extraction of granite. ===Plastics=== Due to two major investments made in 1991 and 1997, the most significant manufactured exports in Uruguay are plastics.

1999

After averaging growth of 5% annually during 1996–98, Uruguay's economy suffered a major downturn in 1999–2002, stemming largely from the spillover effects of the economic problems of its large neighbors, Argentina and Brazil.

2000

Today, the Uruguayan peso is minted in coins of 1, 2, 5, 10, and 50 pesos and in banknotes of 20, 50, 100, 200, 500, 1000, and 2000 pesos. ==Sectors== ===Agriculture, Textiles and Leather=== Throughout Uruguay's history, their strongest exporting industries have been beef and wool.

2003

Around 1900 infant mortality rates (IMR) in Uruguay were among the world's lowest, indicating a very healthy population. The number of trade unionists has quadrupled since 2003, from 110,000 to more than 400,000 in 2015 for a working population of 1.5 million people.

2006

Beef exports in 2006 amounted to around 37% of Uruguayan exports. Wool is a traditional product exported mainly to America, followed by the UK and India. Milk and dairy products.

Conaprole, National Cooperative of Milk Producers is the main exporter of dairy products in Latin America (in 2006).

In partnership with one of India's largest technology consulting firms, engineers in Montevideo work while their counterparts in Mumbai sleep." - The New York Times, Sep 22, 2006. Banking Services.

2008

In the case of wool exports, they have not been doing so well in recent years suffering from other competitors in the market like New Zealand and the fluctuations of its demand during the 2008/09 recession in the developed world.

2013

Although the telecommunications sector has been under a state monopoly for some years, provisions have been made to introduce liberalization and to allow for the entry of more firms into the cellular sector. ===Travel & Tourism=== In 2013, travel and tourism accounted for 9.4% of the country's GDP.

2015

Around 1900 infant mortality rates (IMR) in Uruguay were among the world's lowest, indicating a very healthy population. The number of trade unionists has quadrupled since 2003, from 110,000 to more than 400,000 in 2015 for a working population of 1.5 million people.

2018

In 2018, it produced 589 thousand tons of beef.




All text is taken from Wikipedia. Text is available under the Creative Commons Attribution-ShareAlike License .

Page generated on 2021-08-05