Mexico vs Uruguay
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax, to help you decide where to invest, incorporate, or relocate.
Overall: Uruguay ranks higher
Uruguay scores 66/100 on our composite investment index, ahead of Mexico at 57/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
58
Economic strength
Uruguay leads
62
42
Political stability
Uruguay leads
78
58
Business climate
Uruguay leads
68
60
Financial maturity
Mexico leads
58
62
Growth outlook
Mexico leads
52
Macro snapshot
1,320
GDP (USD bn)
+1243.0 bn
77
3.2%
GDP growth (%)
+0.2 pp
3.0%
$10,000
GDP per capita (USD)
-12000.0
$22,000
4.6%
Inflation (%)
-0.9 pp
5.5%
2.5%
FDI (% of GDP)
-0.3 pp
2.8%
54%
Public debt (% of GDP)
-4.0 pp
58%
132
Population (M)
+128.6M
3.4
Mexico: strong sectors
- Manufacturing (Nearshoring)22.0% of GDP85
- Automotive5.0% of GDP80
- Tourism8.0% of GDP75
- Energy6.0% of GDP65
Uruguay: strong sectors
- Renewable Energy4.0% of GDP72
- Agriculture7.0% of GDP68
- Technology5.0% of GDP65
- Tourism6.0% of GDP58
Frequently asked
Which is better for investment: Mexico or Uruguay?
Our composite investment index gives Mexico a score of 57/100 and Uruguay a score of 66/100. Uruguay ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Mexico a safer market than Uruguay?
Risk classification puts Mexico as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Uruguay as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Mexico or Uruguay?
Mexico is currently growing at 3.2% per year, vs 3.0% for Uruguay. Mexico has the faster headline growth rate today.