The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
With two million inhabitants in 2016, Montevideo is among the smallest capital cities in Latin America. The city accounted for 69% of national GDP in 2016. Montevideo is a key hub of commerce, finance, culture and higher education in Uruguay. The capital was named by the consulting firm Mercer the best Latin American city in terms of quality of life in 2016. A thriving entrepreneurial scene underlines the capital's importance nationally.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Montevideo accounted for 69% of Uruguay's total GDP in 2016. Most of the country's business service activities, highly qualified workforce and infrastructure (including Uruguay's major port), are concentrated in the city. Montevideo's labour productivity was 52% higher than in the rest of Uruguay in 2016, mainly due to a highly skilled and educated domestic labour force.
The city registers a marginally lower employment rate than the rest of Uruguay, at 73% versus 78% in 2016. However, Montevideo's per household disposable income level exceeded the average for the rest of the country by 53% in that year.
Consumer expenditure per household (excluding transport and housing) in Montevideo was 27% higher than elsewhere in Uruguay in 2016. This reflects higher spending on categories such as recreation and culture, hotels and restaurants, and education by households in the city, in addition to the considerable influx of tourists into Montevideo, which is the country's top tourist destination.
Average per household spending on housing in Montevideo reached USD9,000 in 2016. This was a result of high demand (both domestic and foreign) for property in Montevideo since the mid-2000s. Expensive housing has pulled up the cost of living in the city, with combined spending on housing and transport per household exceeding the country's average by 39% in 2016.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.