CEO Guide to Emerging Outsourcing Hubs

Montevideo

Uruguay

Population: 1.5 million
Currency Trend: U.S. dollar has fallen 28% against the Uruguayan peso over the past 5 years
Salary for Skilled Programmers: $15,000 to $18,000 per year

India's Tata Consultancy Services also has a presence in Uruguay with more than 700 people stationed in Montevideo.

Sources: Economist Intelligence Unit, A.T. Kearney