Uruguay Fast Facts

Uruguay

Population: 3,324,460 (July 2013 est.)

Capital City: Montevideo

Climate: Warm temperate; freezing temperatures almost unknown

Time Zone: GMT-3

Language: Spanish (official)

Country Code: 598

Coastline: 660 km

Uruguay: A Latin American Safe Haven

Are you looking for a true safe haven in Latin America?

If so, you need to know about Uruguay—a politically, economically, and socially stable country with a mild climate free of earthquakes and hurricanes.

Uruguay is below the tropical zone and has four seasons. The average summer high temperature is 82 degrees F, cooling down to 63 F at night. The average winter high temperature is 57 degrees F, cooling down to 43 F at night. Because Uruguay is in the Southern Hemisphere with opposite seasons, summer is in December, January, and February.

Besides mild weather, Uruguay has a warm social climate. You’ll find less economic disparity here than anyplace else in Latin America. Uruguayan culture is noted for tolerance and inclusiveness. And expats who are respectful of Uruguay’s culture and make an effort to learn some basic Spanish report feeling comfortable and accepted here.

Uruguay is also among the top countries in the region when it comes to infrastructure. Here, you’ll find the best overall road system, the most reliable electrical grid, and one of the fastest overall internet speeds in Latin America. You’ll also find quality medical care, safe drinking water, and good public transportation.

Even though Uruguay is a small country, it offers a variety of lifestyle options. Choose among places like Montevideo, the capital city with an active cultural scene; Punta del Este, the continent’s most sophisticated beach resort; La Paloma, a small beach town on the Atlantic coast; or a small farm or rural town in Uruguay’s countryside.

But what about Uruguay’s solvency? The country of Uruguay has investment-grade sovereign bonds. The locally-owned banks are well capitalized and safe. In 2009, when most of the world’s economy was suffering from the global recession, Uruguay posted an economic gain. There were no failed banks, and the rate of nonperforming loans throughout the country was just 1%.

Uruguay is a popular place to invest in real estate. That’s because foreigners can buy, own, and sell property with the same rights and protections as a Uruguayan citizen. Uruguay’s government welcomes foreign investment by individuals, the system for registering property ownership is solid, and property rights are enforced.

Uruguay is a nice place to spend time. It’s a small food producing country, which offers a variety of pleasant lifestyle options that is out of the way of world conflict.

From the Archives of Uruguay Articles

5 Wine Locations Where Life Gets Better with Age for Expats

5 Wine Locations Where Life Gets Better with Age for Expats

As the saying goes “Life gets better with age”, but some also swear that age gets better with wine. Living in a wine region can seem like a dream for many wine lovers, but it can easily become a reality in these five overseas retirement destinations....

Find Your Perfect Beach Home in Uruguay for $165,000

Find Your Perfect Beach Home in Uruguay for $165,000

Although it’s not one of those “retire-at-half-the-cost” destinations, more and more expats are taking a closer look at Uruguay. They are attracted to the peaceful and relaxed lifestyle, the stable government, strong banking system, and mild, seasonal climate, without extreme temperatures...

European-Style Living With a South American Twist in Montevideo

European-Style Living With a South American Twist in Montevideo

Daily Postcard
By |
February 27, 2018

The tranquilo lifestyle is what attracts most expats to Uruguay. It’s a healthy, stress-free approach to living. And in the capital, Montevideo, it’s evident almost everywhere I go. People sit on benches gazing out to sea, almost every block has a good coffee shop...

Living in Uruguay

Living in Uruguay

Countries
By |
February 4, 2017

Living in Uruguay allows you to enjoy a higher quality of life with a sharply reduced price tag. From its old-world theaters and opera houses to its jazz festivals and exquisite restaurants, Uruguay looks and feels like Europe, but the cost of living is more like the Third World. But while the prices are low, the infrastructure is first rate.