When looking at economic indicators in , government officials and businessmen have much to cheer about. In 2010, the grew by 8.5 percent giving Uruguay the fourth-highest increase in . This growth is predicted to continue as officials estimate a growth rate of 5 to 6 percent this year. Some predict the GDP growth rate to be even higher as both domestic and external demand continues to climb at a very healthy pace. There are many reasons that account for the positive growth rate of Uruguay.