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.

How Teaching English Opens Doors Overseas

How Teaching English Opens Doors Overseas

I am very fortunate to have the opportunity to travel severals time a year to places like Ecuador, Panama, Costa Rica, and Mexico. You might wonder how I became so lucky? Well, seven years ago, I came to Mexico to teach English as a second language. This allowed me to fulfill my dream of living abroad and immerse myself in another culture.

Buy in One of Montevideo’s Best Neighborhoods from $84,000

Buy in One of Montevideo’s Best Neighborhoods from $84,000

Real Estate
By |
October 28, 2015

It's a sunny morning, and you have plans to meet friends at a nearby café. You go down the elevator and are greeted by the porter on your way out. Your little studio apartment is a building near the corner of 21 de Setiembre and Ellauri in the neighborhood known as Punta Carretas in Montevideo, Uruguay.