Chile vs Uruguay
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Chile | Uruguay | |
|---|---|---|
| BT-SFS score | 68.9 | 72.4 |
| Composite rating | A | BBB+ |
| Fiscal pillar | 62.9 | 46.7 |
| External pillar | 46.3 | 76.7 |
| Macro pillar | 72.5 | 71.3 |
| Institutions pillar | 95.8 | 100.0 |
| Benchmark bond | CHILE 2.55 32 | URUGUA 5.75 34 |
| Spread over Treasuries | 65 bps | 80 bps |
| Yield to worst | 4.80% | 4.95% |
| Duration | 5.0y | 6.1y |
Metric by metric
| Metric | Chile | Uruguay |
|---|---|---|
| Current account / GDP | -0.8% (60.4) | -0.8% (60.4) |
| International reserves, months of imports | 4.2 mo (35.6) | 7.7 mo (88.9) |
| General government debt / GDP | 42.5% (75.0) | 66.8% (37.5) |
| Interest expense / revenue | 3.3% (83.3) | 8.1% (70.8) |
| Primary balance / GDP | -1.7% (25.0) | -1.5% (29.2) |
| WGI institutional composite | 0.92 (95.8) | 1.06 (100.0) |
| Real GDP growth | 2.4% (33.3) | 1.8% (16.7) |
| GDP per capita, USD | $20,240 (75.0) | $27,608 (87.5) |
| Inflation stress | 2.9% (100.0) | 4.0% (100.0) |
Frequently asked questions
Who has stronger fundamentals, Chile or Uruguay?
Uruguay scores higher on the BT Sovereign Fundamentals Score: 68.9 (Chile) vs 72.4 (Uruguay), a gap of 3.5 points.
Whose USD bonds trade wider, Chile or Uruguay?
Uruguay trades wider: 65 bps (Chile) vs 80 bps (Uruguay) over US Treasuries — a 15 bps gap on near-5-year USD benchmarks.
Related
- Chile — full Chile profile: pillars, metrics, history.
- Uruguay — full Uruguay profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.