Botswana (83rd) has the third highest new business density in the world, contributing to it ranking first in sub-Saharan Africa for Economic Quality.
Read MoreUruguay is 38th in the overall Prosperity Index rankings. Since 2011, Uruguay has moved down the rankings table by 2 places.
Uruguay performs most strongly in Social Capital and Personal Freedom but is weakest in Enterprise Conditions. The biggest improvement compared to a decade ago came in Social Capital.
Visit our Rankings table to see how Uruguay compares to other countries.