Between 2019 and 2022, MercadoLibre, an e-commerce company, led the ranking of fastest growing companies in Uruguay. During that period, MercadoLibre showed a compound annual growth rate (CAGR) of 66 percent. 1950Labs, focused on technology and software solutions, came in the second place.
Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth
including only companies headquartered in Uruguay*
Supplementary notes
* To be included in the list of the Americas’ fastest-growing companies, a company had to meet the following criteria:
• Revenue of at least $100,000 generated in 2019 (or currency value equivalent according to the average of the actual fiscal year). • Revenue of at least $1.5m generated in 2022 (or currency value equivalent according to the average of the actual fiscal year). • An independent entity (not a subsidiary or branch office of any kind). • Revenue growth between 2019 and 2022 that was primarily organic (i.e. "internally" stimulated)
Additional information about the methodology can be found in the last section of the article.
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Financial Times. (April 4, 2024). Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth [Graph]. In Statista. Retrieved January 03, 2025, from https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/
Financial Times. "Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth." Chart. April 4, 2024. Statista. Accessed January 03, 2025. https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/
Financial Times. (2024). Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth. Statista. Statista Inc.. Accessed: January 03, 2025. https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/
Financial Times. "Fastest Growing Companies in Uruguay between 2018 and 2021, Based on Compound Annual Revenue Growth." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/
Financial Times, Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth Statista, https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/ (last visited January 03, 2025)
Fastest growing companies in Uruguay between 2018 and 2021, based on compound annual revenue growth [Graph], Financial Times, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1311188/fastest-growing-companies-uruguay/
