The economy of Uruguay is diverse, with 7.5% of Gross domestic product (GDP) originating from agriculture, 10% from tourism and 20.6% from industry.
[3] In concert with these stand-by arrangements, the Uruguayan government has been relatively successful in its implementation of a “gradual anti-inflation strategy” started in the 1990s.
[5] In addition, Uruguay maintains a high degree of liquidity (the ability to turn its assets into cash).
Despite this, Uruguay's heavy utilization of IMF[6] credit has been heavily correlated with its lasting stability in the South American region.
[7] Additionally, Uruguay has been able to keep pace with, or in some cases outperform, the GDP growth rate of neighbouring countries: Brazil and Argentina.