In sun and shadow

BB1

Low risk for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2025.

Swipe to view more

Form of state Constitutional Republic
Head of government Yamandú Orsi (President-elect)
Next elections 2028, General
Strenghts
  • Robust democracy with a stable political framework and low corruption levels
  • Resilience in agricultural exports and a track record of fiscal discipline
  • Strong international reserves and moderate external debt as buffers against shocks

 

Weaknesses
  • High levels of public debt and continued dollarization
  • Limited governability challenges due to lack of majority in the lower house
  • Growing threats from organized crime, including drug trafficking via porous borders
(% of total, 2023)
(% of total, annual 2023)

Trade structure by destination/origin

(% of total, 2022)

Exports Rank Imports
China 21.5%
1
19.9% Brazil
Brazil 15.0%
2
18.1% China
Argentina 8.1%
3
15.8% United States
United States 6.2%
4
11.5% Argentina
Netherlands 2.6%
5
2.9% Nigeria

Trade structure by product

(% of total, 2022)

Exports Rank Imports
Meat and meat preparations 26.5%
1
16.0% Petroleum, petroleum products and related materials
Oil seeds and oleaginous fruits 19.0%
2
10.4% Road vehicles
Cereals and cereal preparations 10.0%
3
5.4% Fertilizers other than group 272
Cork and wood 8.7%
4
4.3% Specialised machinery
Dairy products and birds' eggs 7.7%
5
3.8% Chemical materials and products, n.e.s.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East

Popular Risk Reports: Africa