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

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.

The Top Three Best Places to Retire Overseas and Enjoy a Great Climate

The Top Three Best Places to Retire Overseas and Enjoy a Great Climate

Best Places
By |
September 25, 2013

Many places all over the world have great climates, but those that took the top three spots in our Annual Retirement Index 2013 are three of the best. The country taking the number one spot not just in the climate category but overall in the Retirement Index lies directly on the equator. It enjoys 12 hours of direct equatorial daylight 365 days a year.

Meet the Expats who Set Up Low-Cost Businesses – and Prospered

Meet the Expats who Set Up Low-Cost Businesses – and Prospered

Imagine the place you want to be right now. Maybe it's swinging in a hammock overlooking turquoise waters, your toes dug into silky-soft, white sand...perhaps you're sipping wine in a sidewalk café in Paris...or you're walking in the path of the ancient Incas in an Andean mountain valley.

Artboard 1Artboard 14Artboard 1Artboard 1down-arrowdown-arrowArtboard 1facebook-roundfacebook-squareArtboard 12Artboard 1googleplus-roundgoogle-squareheadphoneshealthcarehousehouseArtboard 2Artboard 1Artboard 1locksearch-mag3Artboard 1Artboard 15Artboard 1next-largenextArtboard 1plusprev-largeprevread-more-arrowread-more-arrowsearch-magSlider Arrowto-toptwitter-roundtwitter-squareyoutube-roundyoutube-square