Uruguay

Uruguay dropped 3 places to 85th even though its economy grew, with US$ GDP up 3.7% to US$85.3 billion and real growth of +1.8%. It now sits between Tanzania and Myanmar.

Services account for 65.2% of output, industry 16.9% and agriculture 6.4%, with manufacturing at 10.0%. Inflation stood at 4.7% and unemployment at 7.5%, while government gross debt is 65.6% of GDP.

With 3.4 million people, Uruguay stands out for income: GDP per capita of US$25,216 ranks 57th in the world, far above its overall rank, and 63rd on a PPP basis. The 14th-largest economy in Latin America & Caribbean has grown 3.7 times in dollar terms since 2000, when it measured US$22.8 billion and ranked 63rd. It is about the size of the Rochester, NY metro area. The IMF projects GDP of US$113.1 billion by 2030, a +32% rise, with a forecast ranking of 83rd.