Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Financial stability
According to the World Economic Forum, Uruguay has high financial stability. The minimum capital adequacy ratio and the domestic credit-to-GDP gap are at satisfactory levels. The long-term impact of the COVID-19 pandemic is yet to be determined.
Time required to start a business
According to the World Bank, the time required to start a business in Uruguay has decreased dramatically over the decade from 64 days in 2009 to only six and a half days in 2019. Shorter times can persuade businesses to set up in a country, including new infrastructure entities.
Preparation of PPPs
At 77, Uruguay's score on the preparation of PPPs is much higher than the High Income Countries’ average of 66. Good practices at the preparation stage of the PPP helps to ensure that a decision is justified, and that the procuring authority is ready to initiate the procurement process.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Financial markets:
Financial stability
Permits:
Time required to start a business
Planning:
Preparation of PPPs
Opportunities to Grow
Shareholder governance
Uruguay is not considered to have strong legal protections for shareholders. A failure to adequately enforce disclosure and transparency standards lowers the confidence of investors, hurting entities that fund or deliver infrastructure.
Dealing with construction permits
According to the World Bank, it takes an average of 265 days to obtain construction permits in Uruguay. Expediting this process could significantly impact investment in infrastructure by helping to reduce delays.
Long term GDP growth trend
Uruguay’s long-term GDP growth trend has decreased to 3.4% in InfraCompass 2020, down from 4.6% in InfraCompass 2017. It remains above the High Income Countries’ average of 1.9%, suggesting some capacity to fund infrastructure from future growth. However, the effects of the COVID-19 pandemic remain uncertain.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Governance:
Shareholder governance
Permits:
Dealing with construction permits
Funding capacity:
Long term GDP growth trend
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Uruguay
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
16,735 USD
Population3.5 million persons
68.7 (0-100 best)
Infrastructure investment3.0% of GDP
Infrastructure gap0.5% of GDP
0.4%
GDP per capita growth rate0.1%
Gini coefficient39.5 (0-100 worst)
Gross Government Debt64.0% of GDP
Inflation rate7.6%
Summary credit rating55.0 (0-100 best)
Unemployment rate7.9%
Urbanisation ratio95.0% of total population
Road connectivity89.8 (0-100 best)
3.7 (1-7 best)
Efficiency of train services1.2 (1-7 best)
Efficiency of air transport services5.1 (1-7 best)
Efficiency of seaport services4.8 (1-7 best)
Electricity access99.7% of population
Electricity supply quality12.9% of output lost
Exposure to unsafe drinking water5.7% of population
Reliability of water supply6.1 (1-7 best)
Mobile-broadband subscriptions123.8 per 100 population
Fixed-broadband Internet subscriptions28.3 per 100 population