Montevideo is the largest city, the capital, and the chief port of Uruguay. Montevideo is the economic hub of Uruguay and is home to approximately one third of the population. Uruguay is in Southern South America, bordering the South Atlantic Ocean, between Argentina and Brazil. Warm temperate; freezing temperatures almost unknown. Mostly rolling plains and low hills; fertile coastal lowland. The official language is Spanish. English is the foreign language that is most readily understood in the business community. The main religion is Christianity. The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector. Uruguay's economy relies heavily on trade, particularly in agricultural exports, leaving the country vulnerable to slumps in commodity prices. The security risk for expatriates in Uruguay is low. Risks include petty crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), residential burglaries and robberies at restaurants. The population in Montevideo is 1.8 Mil (2014 est.), while the inflation rate is 9.08% (2014 est.).
Cost Of Living
The cost of living for expatriates in Montevideo as at 1 July 2015 is high in comparison to other places in the world. In Montevideo, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: High 4) Education: Very Low 5) Furniture & Appliances: High 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Montevideo is for example 29% more expensive for household costs than Durban, and -22.5% cheaper for transport costs than Athens. Montevideo is ranked as a some hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Montevideo for an expat from Zurich is for example 10%, i.e. host location (Montevideo) premium of 20% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Montevideo? Register subscribe to your home location and Montevideo and run your personalised reports.