Oriental Republic of Uruguay

Capital: Montevideo         HDI: 0.790 (50th)

Language: Spanish

GDP (PPP): $55.1 billion

Currency: Uruguayan Peso

Population: ~ 3.3 million

This small South American country is located on the Atlantic coast and sandwiched between its two larger neighbors Brazil and Argentina. These neighbors make up the majority of Uruguayan trade and in many ways determine the economic success of the country. The country however exceeds its neighbors in human development and economic freedom rankings. Uruguay has the largest middle class and one of the lowest levels of corruption in the region. The country grew rapidly after experiencing an economic downturn in the early 21st century and this growth led to a significant reduction in poverty, greatly improving the lives of many Uruguayans.





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