Sources: The Library of Congress Country Studies; CIA World Factbook
The spillway at the Salto Grande Dam
The Fray Bentos Bridge over the Río Uruguay
Figure 8. Transportation System, 1990
Artigas Boulevard, a highway leading to downtown Montevideo
Uruguay's service sector, comprising the major subsectors of banking, transportation, communications, and tourism, as well as the activities of the large central government, accounted for 42 percent of GDP in 1988. Transportation, storage, and communications together accounted for about 6 percent of GDP, while banking and commerce accounted for about 15 percent. Thus, half of the so-called service sector consisted of government activity.
On the one hand, the service sector was a strong point in the economy because of the well-educated work force concentrated in Montevideo. On the other hand, the instability among banks, the lack of a modernized telecommunications system, and shortcomings in the nation's transportation infrastructure held back the sector's development. In the second half of the 1980s, these issues took on increasing importance as the government began promoting the idea of Uruguay as an international service center for the Southern Cone (Argentina, Bolivia, Chile, Paraguay, and Uruguay). The growing potential to export services and to integrate them across borders was considered a key element in the future development of Uruguay's outward-oriented economy.
Data as of December 1990
NOTE: The information regarding Uruguay on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Uruguay SERVICES information contained here. All suggestions for corrections of any errors about Uruguay SERVICES should be addressed to the Library of Congress and the CIA.