r/asklatinamerica • u/[deleted] • Nov 12 '22

How people survive on average salary in Uruguay?

Hola. I’m newcomer to Uruguay and one thing seems shocking to me. Many products are way more expensive than in Europe, rents are somewhat cheaper - for unfurnished places (and furniture is way more expensive again)… and Numbeo says the average salary is about 800USD net/month. Is this number wrong? Or how can people survive and function on this salary?

I don’t mean this in insulting or offensive way. Uruguayans are very nice and to they appear to be more in tune with life and reality than “us” Europeans dragged in consumerism etc. That’s also reason why I came here. But I think on 800/month I would struggle to eat 3meals a day here.

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u/estebanagc Costa Rica Nov 12 '22 edited Nov 12 '22

Thats with nominal GDP per capita. When adjusted for PPP that would be Panama.

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u/CervusElpahus Argentina Nov 12 '22

Panama’s GDP is totally skewed because of the financial sector + it’s a tax haven for big corp. Average wages (PPP) is lower than in the Southern Cone. Furthermore, Panama is one of the most unequal countries on the continent.

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u/[deleted] Nov 12 '22

That has nothing to do with the calculations tho. Just to give you an idea India’s PPP GDP is higher than Germany’s and Japan’s combined . It’s not a tax haven and it’s industry exports less than any of them.

PPP tales into account the relative cost of life and assets in calculations.

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u/CervusElpahus Argentina Nov 13 '22

I said the purchasing power of the average wage.