Boosting Growth in Uruguay Through Structural Reforms and Artificial Intelligence

Over the last decades, Uruguay has made significant progress in advancing structural reforms, positioning itself as a regional leader in governance, macroeconomic stability, and trade openness. However, despite these achievements, economic convergence has stalled, and key structural gaps remain. This paper provides a broad view of Uruguay’s structural reform landscape and artificial intelligence preparedness, identifying areas where policy action can unlock innovation, productivity growth and global competitiveness, and providing estimates of potential output gains. The paper concludes by outlining a set of reform priorities, highlighting the potential benefits of financial deepening, AI adoption, and other measures to enhance global competitiveness.