Markets Actual Q1 Q2 Q3 Q4 2020
Currency 37.36 37.55 37.73 37.91 38.09 38.46
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 1 0.9 0.7 1.2 1.2
GDP Annual Growth Rate (%) 0.90 0.7 0.9 1.1 1.6 2.8
Unemployment Rate (%) 9.20 8.5 8.5 8.4 8 7.8
Inflation Rate (%) 8.79 8 7.5 7.3 7 7
Balance of Trade (USD Thousand) 46282.00 -114077 -112937 -114077 -114806 -114811
Current Account (USD Million) 27.20 100 200 130 140 110
Current Account to GDP (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.7
Government Debt to GDP (%) 51.70 57 57 57 57 56
Government Budget (% of GDP) -2.00 -3.1 -3.1 -3.1 -3.1 -3.2
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 1 0.9 0.7 1.2 1.2
GDP Annual Growth Rate (%) 0.90 0.7 0.9 1.1 1.6 2.8
GDP (USD Billion) 59.60 69 69 69 69 73
GDP Constant Prices (UYU Thousand) 178132898.00 176488212 174034298 179114410 180983024 186050549
Gross Fixed Capital Formation (UYU Thousand) 27977815.72 26282532 27466839 28131973 28425461 29221374
GDP per capita (USD) 14617.50 15400 15400 15400 15400 15800
GDP per capita PPP (USD) 20916.20 21900 21900 21900 21900 21900
GDP From Agriculture (UYU Thousand) 9596398.69 10313716 9425606 9649275 9749941 10022939
GDP From Construction (UYU Thousand) 7666701.00 7154262 7208526 7708945 7789368 8007471
GDP From Manufacturing (UYU Thousand) 22968770.00 21323598 22186718 23095328 23336270 23989686
GDP From Services (UYU Thousand) 22769555.00 22226387 21669145 22895015 23133868 23781616
GDP From Transport (UYU Thousand) 37499189.00 37456903 37597160 37705810 38099176 39165953
GDP From Utilities (UYU Thousand) 4562994.00 4803684 4345769 4588136 4636002 4765810
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.20 8.5 8.5 8.4 8 7.8
Employment Rate (%) 57.16 56 55.8 56 56.2 56.2
Wages (UYU/Month) 32092.00 33000 33000 33000 33000 33500
Wages in Manufacturing (points) 326.76 284 284 284 289 289
Population (million) 3.51 3.53 3.53 3.53 3.55 3.57
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 8.79 8 7.5 7.3 7 7
Consumer Price Index CPI (points) 203.02 209 211 215 217 233
Producer Prices Change (%) 20.10 8 8 8 11 11
Inflation Rate Mom (%) -0.03 0.4 0.5 0.3 0.4 0.5
Food Inflation (%) 14.20 5.5 4.5 4.2 4.6 5.1
CPI Housing Utilities (points) 191.19 219 220 221 217 232
CPI Transportation (points) 194.40 200 203 206 207 221
Money Actual Q1 Q2 Q3 Q4 2020
Interbank Rate (%) 1.90 1.11 0.91 0.71 0.61 0.61
Deposit Interest Rate (%) 5.12 4.82 4.32 4.12 3.92 3.82
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) 46282.00 -114077 -112937 -114077 -114806 -114811
Current Account (USD Million) 27.20 100 200 130 140 110
Current Account to GDP (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.7
Capital Flows (USD Million) -139.10 -470 380 200 -380 -270
Foreign Direct Investment (USD Million) -56.50 190 300 420 180 250
Tourist Arrivals 660628.00 1100000 780000 800000 1000000 1100000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 51.70 57 57 57 57 56
Government Budget (% of GDP) -2.00 -3.1 -3.1 -3.1 -3.1 -3.2
Government Budget Value (UYU Million) -6639.00 -17077 -17077 -17077 -16860 -16735
Government Spending (UYU Thousand) 18034037.46 18718101 18206265 18133405 18322582 18835614
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
Sales Tax Rate (%) 22.00 22 22 22 22 22
Social Security Rate (%) 35.73 35.73 35.73 35.73 35.73 35.73
Social Security Rate For Companies (%) 12.63 12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees (%) 23.10 23.1 23.1 23.1 23.1 23.1
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -1.80 -2.5 5 7 3.8 5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (UYU Thousand) 138926762.40 127010627 131298734 139692249 141149591 145101779
Gasoline Prices (USD/Liter) 1.48 1.63 1.67 1.71 1.75 1.75


This page has economic forecasts for Uruguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uruguay economy.