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City Review

Montevideo City Review

Sep 2017

US$725

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About This Report

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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.

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Overview

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MONTEVIDEO HIGHLIGHTS

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.

Per household disposable income exceeded the average for the rest of the country despite marginally lower employment rate

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.

Higher spending on recreation and culture, hotels and restaurants, and education

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.

Expensive housing

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.

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Montevideo City Review

MONTEVIDEO REVIEW AT A GLANCE

Understanding Montevideo Review structure

Chart 1 Overview

Key facts on Montevideo

Summary 1 Key Facts On Montevideo 2011, 2016, 2021

MONTEVIDEO HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Montevideo Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Montevideo 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Montevideo, Uruguay And Other Cities In Latin America, 2011-2021
Summary 2 Labour Market Changes In Montevideo 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Montevideo 2011-2016

Household income

Chart 8 Household Distribution By Income In Montevideo 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Montevideo And Uruguay, 2016
Summary 3 Montevideo Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Montevideo - Colourful Tourism Epicentre
A Love Of Vintage Cars In Montevideo

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Overview

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MONTEVIDEO HIGHLIGHTS

Per household disposable income exceeded the average for the rest of the country despite marginally lower employment rate

Higher spending on recreation and culture, hotels and restaurants, and education

Expensive housing

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Table of Contents

Montevideo City Review

MONTEVIDEO REVIEW AT A GLANCE

Understanding Montevideo Review structure

Key facts on Montevideo

MONTEVIDEO HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Montevideo City Review

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About This Report

New Report Guarantee

Overview

Why buy this report?

MONTEVIDEO HIGHLIGHTS

Per household disposable income exceeded the average for the rest of the country despite marginally lower employment rate

Higher spending on recreation and culture, hotels and restaurants, and education

Expensive housing

Want to find out more about this report?

Table of Contents

Montevideo City Review

MONTEVIDEO REVIEW AT A GLANCE

Understanding Montevideo Review structure

Key facts on Montevideo

MONTEVIDEO HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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