Lewes, DE -- (SBWIRE) -- 02/28/2018 -- As per International Monetary Fund (IMF) Uruguay's nominal gross domestic product is expected to grow at a CAGR of 9.76% from it's 2015 level of UYU 1460.44 billion and reach UYU 2803.68 billion by 2022.

Uruguay stands out in Latin America for being an egalitarian society and for its high per capita income, low level of inequality and poverty and the almost complete absence of extreme poverty. In relative terms, its middle class is the largest in America, and represents 60% of its population. Uruguay occupies the top spots in the region in terms of various measures of well-being, such as the Human Development Index, the Human Opportunity Index and the Economic Freedom Index.

Uruguay had estimated population of 3.48 million in the year 2016 and expected to reach 3.555 million by 2022. Uruguay's unemployment rate was 7.867% of total labor force.

Uruguay's real gross domestic product (GDP) was around UYU 684.046 billions in 2016 whereas the nominal GDP was UYU 1617.70 billions. This resulted in GDP deflator 236.49. Per capita GDP was estimated at USD 15679.17 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 21527.27.

In 2016, Uruguay government's revenue was UYU 463.13 billions whereas the expenditure was UYU 526.915 billions. This resulted Uruguay government's net lending / borrowing negative at UYU 63.785 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Uruguay was estimated to be negative at USD 0.547 billions for the year 2016 and is expected to decline at a CAGR of 7.47% and reach USD 1.853 by 2022. This negative current account balance indicates the Uruguay is a net borrower from the whole world.

Scope of the Uruguay PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Uruguay.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Uruguay.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Uruguay.
- These reports provide risk analysis for Uruguay.

For more information and to purchase Uruguay PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/uruguay-pestel-analysis-market-research-report

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