Uruguay Fast Facts

Uruguay

Population: 3,369,299 (July 2018 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

Ten Tips for Renting a Home Overseas

Ten Tips for Renting a Home Overseas

Expat-Advice
By |
April 3, 2018

When moving abroad, renting a place to stay is an attractive option that offers a lot of advantages, whether you're headed to Costa Rica, Malaysia, France, Mexico, Ecuador, Ireland...or any country. If you plan to buy or build a home eventually, renting allows you to investigate a region and/or community...or several...before you put down roots. You don't want to be stuck in a neighborhood, region, or home you don't like.

The Trick to Buying Affordable Property in Punta del Este, Uruguay

The Trick to Buying Affordable Property in Punta del Este, Uruguay

Beach Living
By |
March 10, 2018

Punta del Este, less than two hours from Uruguay’s elegant capital of Montevideo, has long been the most fashionable beach resort in South America. An apartment sold here a few years back for $7.2 million… but believe it or not, you can still find a nice condo in a coveted Punta del Este neighborhood for less than $150,000. There’s a secret to buying affordably here. And it’s simple.

Move to Uruguay for the Best Quality of Life in Latin America

Move to Uruguay for the Best Quality of Life in Latin America

Countries
By |
May 1, 2017

As in European cities or neighborhoods of Manhattan or Chicago, whatever I need or want can be had within these 10 square blocks of Montevideo. I was just getting started on my expedition to Uruguay’s coastal cities and towns, but already I could understand why so many expats living in this country say it offers the best quality of life in Latin America.