Experiencing an economic slump, the Oriental Republic of Uruguay has turned to the foreign pensioners to help bring it out of an economic doldrums. Many who have moved to Uruguay have discovered it is one of the best places to retire – this article will tell you a little bit more about Uruguay.
The 68,037 sq mi land area, which largely relies on its agriculture production to keep its economy running, is searching for other options on how it would improve its gross domestic product (GDP).
It intends to embark on an aggressive marketing campaign to attract more foreign retirees or pensioners who are in search of a second home. Oftentimes, these expatriates prefer spending their twilight years in a tropical country, where the sun is out several hours in a day.
But there are a lot of countries in South America that have also declared its intention of being a retirement home for foreign retirees. Uruguay believes that it could stand up to the challenge and take a slice of the market as a retirement haven.
The 68,037 sq mi “heart shaped” country fought off its former invaders such as the Spanish, Portuguese and Brazilians but sheer tenacity and determination to gain independence drove 33 exiled Uruguayans to lead an insurrection. This same level of determination, plus the attraction of the city and strong tourism market propaganda, would attract the tourists and retired pensioners alike to visit and live, respectively, in the country.
What will happen next is inevitable-an economic recovery.
It would be practical for foreigners to live off their retirement years in Uruguay where they would be maximizing the value of their hard-earned money.
Quiet and quality time, whether on your own or with a loved one, would be strolling the beach Punta del Este. In the evenings, you could eat in one of the fine dining restaurants before you play a game of chance, or as others put it luck, in casinos.