28/12/2016 – Tourism taking on a major role in the economy

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Tourism is playing an increasingly greater role in the Uruguayan economy and this year will surpass the country’s most important economic pillars, meat production and forestry. According to the authorities, over three million foreign tourists will visit the South American nation by the end of the current year, setting a new record after the arrival of 2,964,841 tourists last year.
While the tourism industry brought in revenues of USD 1.765 billion last year (7.7% of the gross domestic product), this year’s revenues are expected to total around USD 2 billion. The most popular tourist destinations continue to be Montevideo, Punta del Este and Colonia del Sacramento. When asked why they have chosen Uruguay as a destination, travellers emphasise the relative security, climate and political stability of the country.