Uruguay: the leading IT exporter in Latin
Uruguay is the largest exporter of software in South America.
It exports around $150 million of software, and this figure is
expected to exceed $500 million in the next five years. (Secretary
of Commerce Carlos M. Gutierrez at the Uruguayan-American Chamber
of Commerce, Montevideo, Uruguay, October 2007) [+].
This is an outstanding amount for a country of only 3,3 million
people, with 33% of its production being exported (CUTI) to more
than 50 markets around the world.
In addition, the country itself has other advantages for those
who want to do business, such as:
In Uruguay, the IT sector is considered a priority by the national
government, while exporting software has no taxes, with the predictable
consequences of lower prices for the same quality. One of the
main objectives of the country is to be a leader in technology,
with highly qualified professionals to be able to compete globally.
The highly trained Uruguayan workforce has been able to adapt
to new technologies and trends, increasing overall productivity.
This growing IT industry has 0% unemployment at this time.
Literacy and Education
With a high educational level (Uruguay has the highest literacy
rate in Latin America), the Uruguayan Software Engineer has a
solid academic base, in addition to a well-developed training
program, due to being one of the first latinamerican countries
to offer a program of software engineering as a career, in 1967,
when such an education was rare in the world.
Uruguay's geographic location (GMT - 3) is ideal for doing business
with U.S. and Europe.
For all these reasons, Uruguay can be considered one of the best
choices for outsourcing your software development projects.
Area: 176,000 sq. km. (68,000 sq. mi.)
Uruguay shares borders with Argentina and Brazil
Population (2006): 3.3 million.
Education: Literacy (2004): 97.7%.
Ethnic groups (est.): European descent 93%, African descent 6%,
Uruguay has a rich heritage in artistic, literary, writers, musician
traditions. Tango and candombe are some of the main styles of
music of the country.
There is no official
religion while there is an important percentage of Catholics.
Branches: Executive-president (chief of state and head of government).
Legislative-General Assembly consisting of a 99-seat Chamber of
Deputies and a 30-seat Senate. Judicial-Supreme Court of Justice.
Services sector represent about 60% of GDP.
The main sport in Uruguay is football. The Uruguay national football
team is one of only five nations to win the FIFA World Cup on
two or more occasions.
Uruguay had the second highest Human Development Index (HDI)
score in 2002. Uruguay also has a more equitable income distribution
than most countries in the region.
Due to its long history of political and social stability, Montevideo
has earned the title as the second best city in South America
in providing quality of life. (ECLAC, i.e. CEPAL, 2002).