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    Uruguay Econom�a 2000

      Econom�a - descripci�n: Uruguay's economy is characterized by an export-oriented agricultural sector, a well-educated workforce, relatively even income distribution, and high levels of social spending. After averaging growth of 5% annually in 1996-98, in 1999 the economy suffered from lower demand in Argentina and Brazil, which together account for about half of Uruguay's exports. Despite the severity of the trade shocks and ensuing recession, Uruguay's financial indicators remained more stable than those of its neighbors, a reflection of its solid reputation among investors and its investment-grade sovereign bond rating - one of only two in Latin America. Challenges for the government of incoming President Jorge BATLLE include expanding Uruguay's trade ties beyond its Mercosur trade partners and bolstering Uruguay's competitiveness by increasing labor market flexibility and reducing the costs of public services. Growth should recover in 2000, to perhaps 3%.

      Producto Bruto Interno (PBI): purchasing power parity - $28 billion (1999 est.)

      PBI - Indice de Incremento real: -2.5% (1999 est.)

      PBI - por capital: purchasing power parity - $8,500 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 10%
      industry: 28%
      services: 62% (1999)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): 4% (1999 est.)

      Fuerza Laboral: 1.38 million (1997 est.)

      Fuerza Laboral - por ocupaci�n: agriculture NA%, industry NA%, services NA%

      Indice de desempleo: 12% (1999)

      Presupuesto:
      revenues: $4.4 billion
      expenditures: $4.6 billion, including capital expenditures of $500 million (1998 est.)

      Industrias: food processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beverages

      Industrial production growth rate: -4% (1999 est.)

      Electricidad - Producci�n: 9.474 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 3.91%
      hydro: 95.62%
      nuclear: 0%
      other: 0.47% (1998)

      Electricidad - consumci�n: 6.526 billion kWh (1998)

      Electricidad - exportaciones: 2.363 billion kWh (1998)

      Electricidad - importaciones: 78 million kWh (1998)

      Agricultura - productos: wheat, rice, barley, corn, sorghum; livestock; fish

      Exportaciones: $2.1 billion (f.o.b., 1999 est.)

      Exporationes - comodidades: meat, rice, leather products, vehicles, dairy products, wool, electricity

      Exportaciones - socios: Mercosur partners 45%, EU 20%, US 7% (1999 est.)

      Importaciones: $3.4 billion (f.o.b., 1999 est.)

      Importaciones - comodidades: road vehicles, electrical machinery, metal manufactures, heavy industrial machinery, crude petroleum

      Importaciones - socios: MERCOSUR partners 43%, EU 20%, US 11% (1999 est.)

      Deuda - externa: $8 billion (1999 est.)

      Ayuda economica - recipiente: $NA

      Moneda: 1 Uruguayan peso ($Ur) = 100 centesimos

      Indice de intercambio: Uruguayan pesos ($Ur) per US$1 - 11.3393 (1999), 10.4719 (1998), 9.4418 (1997), 7.9718 (1996), 6.3490 (1995), 5.0439 (1994)

      A�o Fiscal: calendar year

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