No 3 Uruguay: Steady growth continues

GDP growth of more than five percent per year for five years in Uruguay has translated into higher purchasing power, increased domestic demand and dynamic retail activity.

Its free-market policies and political and economic stability have helped it become a solid retail oasis while some of its neighbors struggle. Foreign investors are treated the same as domestic investors under the law, and there generally are no ownership limits. With risk relatively low and market potential high, Uruguay has one of the most attractive markets and is ranked third for the second straight year.

A picture dated Jan 2, 2012 shows the entrance of a supermarket in Montevideo, Uruguay. [Photo/IC]

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