URUGUAY is one of the countries with the greatest economic growth rate in Latin America. In 2010, gross domestic product grew at a rate of 8.5%, a rate achieved by few other countries in the world.
The economic bonanza is reflected in Uruguayans' household income. Between 2005 and 2010, Uruguayans' annual per capita income more than doubled, increasing from US$5,300 to US$11,820.
Record low unemployment also reflects the country's economic wellbeing. Uruguay ended 2010 with an unemployment rate of 6.1% among its active population, the lowest rate in decades. The trend continued in...