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

Seven Things to do in Montevideo, Uruguay

Seven Things to do in Montevideo, Uruguay

Countries
By |
August 19, 2017

Montevideo, Uruguay's capital city, has a culture that many North American expats find comfortable. It's a place where the traditional and the modern weave together. For example, Montevideo has a prosperous economy, but people still take time for one another. It has new gleaming malls, but it is also teeming with small family-owned shops. Each child in the country receives a free laptop computer, but time with family is still cherished above all else.

10 Reasons to Live in Uruguay

10 Reasons to Live in Uruguay

Expat-Advice
By |
September 23, 2016

Are you searching for beautiful beaches, four distinct seasons, affordable real estate, and quality healthcare at a reasonable cost? It may seem like a lot to ask for, but here at International Living we have just the place for you. This Latin American country also has the fastest and cheapest internet around. And it’s one of the freest countries on our beat, a place where residence is easy to get, your financial privacy is respected, and taxes are low…

This Beach Province Is Set to Explode in Value

This Beach Province Is Set to Explode in Value

Beach Living
By |
April 21, 2015

Long, unspoiled beaches...a new infrastructure project that will open up access to an undeveloped but seriously attractive region...and the chance to watch a real estate investment grow rapidly in value: just some of the reasons you need to be looking at Uruguay's Rocha region. Little Uruguay is a small, open economy—and one of the best places to consider buying real estate in the world right now.

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