I'm an expert in economic data analysis with a focus on Latin American countries. Understanding the average income in Uruguay requires a nuanced approach, as it can vary significantly by region and other factors. Let's delve into the topic. Uruguay is a country in the southern cone of South America known for its high literacy rate, stable economy, and relatively high quality of life. The average income is a crucial economic indicator that reflects the standard of living and economic health of a country. It's influenced by various factors such as employment rates, cost of living, and economic policies. When looking at the average income in Uruguay, it's essential to consider both the nominal and real values, as well as the purchasing power parity (PPP), which adjusts for differences in the cost of living between countries. The data provided seems to indicate average household and per capita incomes in two different regions of Uruguay: Montevideo, the capital city, and the interior of the country. Montevideo, being the largest city and the economic hub, typically has higher incomes compared to the rest of the country. According to the data, the average household income in Montevideo is 47,569 pesos, which is approximately 2,072 USD. On a per capita basis, the average income stands at 17,840 pesos, or about 777 USD. In contrast, the interior of Uruguay, which includes rural areas and smaller towns, has a lower average income. The average household income here is 37,133 pesos, equivalent to 1,618 USD. The per capita income is 12,905 pesos, which translates to 562 USD. It's important to note that these figures are averages and can mask significant income disparities. Income distribution in Uruguay, like in many countries, is not uniform, and there can be a wide range between the highest and lowest earners. When interpreting these numbers, one must also consider the cost of living. Uruguay has a relatively high cost of living compared to other countries in the region, which can impact the real value of these incomes. Additionally, the income figures are subject to change due to economic fluctuations, inflation, and changes in government policies. To get a more accurate and current understanding of the average income in Uruguay, it's advisable to consult official sources such as the National Institute of Statistics of Uruguay (INE) or international organizations like the World Bank or the International Monetary Fund (IMF). These organizations often provide updated and more comprehensive data on income levels, including median income, which can offer a better picture of the typical income for the majority of the population. In conclusion, while the provided data gives a snapshot of the average income in Uruguay, it's crucial to approach this information with a critical eye and consider additional factors and sources to gain a fuller understanding of the economic landscape in Uruguay. read more >>

What is the average income in Uruguay?MontevideoThe interiorAverage household income47,569 pesos 2,072 USD*37,133 pesos 1,618 USDAverage per capita income17,840 pesos 777 USD12,905 pesos 562 USDread more >>