International organization participation:
CAN (associate), CSN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt,
ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU,
ISO, ITU, LAES, LAIA, Mercosur, MIGA, MINURSO, MINUSTAH, MONUC, NAM
(observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNFICYP,
UNIDO, UNMEE, UNMOGIP, UNOCI, UNOMIG, UNWTO, UPU, WCL, WCO, WFTU,
WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Carlos Alberto GIANELLI Derois
chancery: 1913 I Street NW, Washington, DC 20006
telephone: [1] (202) 331-1313 through 1316
FAX: [1] (202) 331-8142
consulate(s) general: Chicago, Los Angeles, Miami, New York
consulate(s): San Juan (Puerto Rico)
Diplomatic representation from the US: chief of mission: Ambassador Frank BAXTER embassy: Lauro Muller 1776, Montevideo 11200 mailing address: APO AA 34035 telephone: [598] (2) 418-7777 FAX: [598] (2) 418-8611
Flag description:
nine equal horizontal stripes of white (top and bottom) alternating
with blue; there is a white square in the upper hoist-side corner
with a yellow sun bearing a human face known as the Sun of May with
16 rays that alternate between triangular and wavy
Economy Uruguay
Economy - overview:
Uruguay's well-to-do economy is characterized by an export-oriented
agricultural sector, a well-educated work force, and high levels of
social spending. After averaging growth of 5% annually during
1996-98, in 1999-2002 the economy suffered a major downturn,
stemming largely from the spillover effects of the economic problems
of its large neighbors, Argentina and Brazil. For instance, in
2001-02 Argentina made massive withdrawals of dollars deposited in
Uruguayan banks, which led to a plunge in the Uruguayan peso and a
massive rise in unemployment. Total GDP in these four years dropped
by nearly 20%, with 2002 the worst year due to the banking crisis.
The unemployment rate rose to nearly 20% in 2002, inflation surged,
and the burden of external debt doubled. Cooperation with the IMF
helped stem the damage. A debt swap with private-sector creditors in
2003 extended the maturity dates on nearly half of Uruguay's then
$11.3 billion of public debt and helped restore public confidence.
The economy grew about 12% in 2004 as a result of high commodity
prices for Uruguayan exports, a competitive peso, growth in the
region, and low international interest rates, and it continued to
grow nearly 7% annually in 2005 and 2006.
GDP (purchasing power parity):
$36.56 billion (2006 est.)
GDP (official exchange rate):
$14.3 billion (2006 est.)
GDP - real growth rate:
7% (2006 est.)
GDP - per capita (PPP):
$10,700 (2006 est.)