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

Why I Had to Wait Until Now to Write This Overseas Resource…

Why I Had to Wait Until Now to Write This Overseas Resource…

Expat-Advice
By |
February 24, 2014

Sometimes things happen when they're supposed to happen...and that includes books. My wife, Suzan, and I recently finished writing a book about how to move abroad and live a great life on $2,100 a month or less, so I've been spending a lot of time thinking about why now is such a good time to move overseas. In fact, I don't think this book could have been written any time but now, and there are three reasons I can think of for that.

An Expat’s Worst Spanish Mistake—It Was All Part of the Process

An Expat’s Worst Spanish Mistake—It Was All Part of the Process

Expat-Advice
By |
January 24, 2014

John Brenner, a Minnesotan in his late 50s, was traveling in South America looking for a new place to live. The next leg of his trip was from Bogotá, Colombia to Lima, Peru. He was joined by three others, also Lima bound, whom he had met in the Bogotá hostel where he stayed. After an all-night bus ride they reached Ecuador's border, where they crossed on foot. Once in Ecuador the four had a stroke of luck.

What Costs Less Overseas When You Retire?

What Costs Less Overseas When You Retire?

When you move overseas, most things cost less. Health care is cheaper, beachfront property is cheaper and flights are cheaper when you qualify for a retiree program. You can even enjoy a symphony performance for far less than in the U.S., and have a better quality of life for less. Here is a list of five items that are cheaper overseas.

Uruguayan Ranch and Beach Life

Uruguayan Ranch and Beach Life

Countries
By |
November 25, 2013

Each morning Jerry Bruner wakes up on his farm in Uruguay. He checks in on his animals…Jack the Labrador…Carbon the tiger-stripe cat…the chickens…the geese…and half-a-dozen beef cattle who roam a fenced-off, green pasture. The farm covers 27 acres of greenery and is a world away from Jerry’s native Nevada. What Jerry loves most about Uruguay Read more...: Uruguayan Ranch and Beach Life

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