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.

Top-Class Health Care in Uruguay

Top-Class Health Care in Uruguay

Daily Postcard
By |
August 19, 2013

It was a Sunday afternoon, and I was getting ready to walk my dog. Sudden chest pains interfered with my plans. My husband contacted our mutualista, and about 20 minutes later, the doctor arrived with his little black bag. Many people describe Uruguay as Eisenhower's America. If you're old enough to remember doctors making house calls, you'll be pleased to know...

Video: A Great Quality of Life in Punta del Este, Uruguay

Video: A Great Quality of Life in Punta del Este, Uruguay

Punta del Este, Uruguay, is, without doubt, the most fashionable beach resort in South America. During the high season, there are polo tournaments…yacht races…fashion shows…lazy days on the beach…and celebrity parties. To many vacationers, Punta del Este is a beach resort...

Nomad Retirement: How to Enjoy Your Retirement On the Road

Nomad Retirement: How to Enjoy Your Retirement On the Road

Countries
By |
May 15, 2013

At ages 67 and 72, we became senior nomads. We had taken stock of our lives and realized that we were happier on the road than anywhere else—and that becoming home-free would give us the flexibility we needed to experience life in other cultures. Since then, we’ve lived in nine countries, and we have no plans to stop until the wheels fall off!

Health Care Survey: The Best Havens for Quality Care Overseas

Health Care Survey: The Best Havens for Quality Care Overseas

You’ll find excellent, affordable care in many locations overseas. But where? For our 2013 Health Care Survey, we asked our experts to reveal what’s on offer in seven of the world’s best havens today. These are the most popular countries with expats: places that score high on quality of life in general. Where you’ll find affordable real estate or a lower cost of living…