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The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector. According to Transparency International, Uruguay is rated as the least corrupt country in Latin America (along with Chile), with its political and labor conditions being among the freest on the continent.

Uruguay is one of the most economically developed countries in Latin America, with a high GDP per capita and the 47th highest quality of life in the world. It was the first Latin American country to legalize same and different sex civil unions at a national level in the year 2007.

So based on the above, I would say that Uruguay is a relatively wealthy country.

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14y ago
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11y ago

Yes, Uruguay is a third world nation because they did not side with either the US or Soviet Union during the Cold War.

No, Uruguay is not a third world nation because it is developed.

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7y ago

No, it's a developing country.

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12y ago

No, Uruguay is a developing country.

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13y ago

Yes.

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Q: Is Uruguay a 3rd world country?
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