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

A Tour-Guide-Free Waterfall Adventure—Thanks to Spanish

A Tour-Guide-Free Waterfall Adventure—Thanks to Spanish

Countries
By |
November 21, 2013

When I first moved from the U.S. to Uruguay, I didn't speak Spanish. And while some English-speaking expats get by without learning any Spanish, my experience is, the more Spanish I learn the richer my expat experience becomes.It took just a little study to learn to greet people and show respect. Now, after a little more study and practice I can express my needs and wants and I’m starting to build rapport with my Uruguayan neighbors. More and more, it feels like I’m getting ready to take off my Spanish "training wheels" and learning to communicate like a local.

Setting Up Your Cottage Enterprise

Setting Up Your Cottage Enterprise

When I asked my Facebook pals what they liked most about working for themselves I expected to get answers about no stressful commute, no office politics and other annoyances they had left behind. Instead the replies looked like this:• “Having customers from around the world; I never realized I could be a global entrepreneur.”

Take a Pragmatic Approach to Securing Your Financial Future

Take a Pragmatic Approach to Securing Your Financial Future

Investing
By |
October 9, 2013

The U.S. government is at war…with itself. All across America, government institutions have shut down, leaving just a skeleton staff to man the country. The doors of national monuments, including the Statue of Liberty, America’s greatest and best-known symbol of freedom and the American Dream, clanked shut last Monday…leaving the workers at those monuments adrift in a sea of uncertainty.

Where to Get More for Your Dollar (and What to do if it Devalues…)

Where to Get More for Your Dollar (and What to do if it Devalues…)

Countries
By |
October 3, 2013

You ain’t nothin but a hound dog...cryin’ all the time... Well, you ain’t never caught a rabbit... And you ain't no friend of mine... Elvis was in the house last night. Young Elvis. Dressed in a nicely tailored black suit with a white, open-collared shirt, he serenaded our VIP readers over cocktails in the 20th-floor penthouse here at the Red Rock Resort in Las Vegas. As I wandered through the crowd yesterday evening, I was pleased to hear that—the occasional Elvis recollection aside—the conversations had turned to the details shared thus far about the world’s best retirement destinations.

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