As of 2010, Montevideo was the 19th largest city economy in the continent and 9th highest income earner among major cities. The 2019 Mercer's report on quality of life, rated Montevideo first in Latin America, a rank the city has consistently held since 2005. Montevideo is the seat of the administrative headquarters of Mercosur and ALADI, Latin America's leading trade blocs, a position that entailed comparisons to the role of Brussels in Europe. It was also under brief British rule in 1807, but eventually the city was retaken by Spanish criollos. The city was established in 1724 by a Spanish soldier, Bruno Mauricio de Zabala, as a strategic move amidst the Spanish- Portuguese dispute over the platine region. Montevideo is situated on the southern coast of the country, on the northeastern bank of the Río de la Plata. According to the 2011 census, the city proper has a population of 1,319,108 (about one-third of the country's total population) in an area of 201 square kilometers (78 sq mi). Montevideo ( Spanish pronunciation: ) is the capital and largest city of Uruguay.
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