Uruguay, with a population of approximately 3.5 million (2023), is a small but influential nation in South America, recognized for its political stability and robust social welfare system. The economy is primarily based on agriculture, livestock, and services, with the country being a significant exporter of beef, soybeans, and dairy products. Uruguay’s agricultural sector is known for its high-quality products, which have earned it a reputation in international markets. With a GDP estimated at around $80 billion and a per capita income of approximately $22,500 (2023), Uruguay demonstrates a strong economic performance relative to its size. The nation actively engages in regional trade agreements, such as MERCOSUR, which enhance its integration into the global economy.