Markets Actual Q4 Q1 Q2 Q3 2021
Currency 42.39 42.72 42.93 43.14 43.34 43.75

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -9.00 0.3 0.6 1 0.8 0.7
GDP Annual Growth Rate (%) -10.60 -4 -1 8 6 2.7
Unemployment Rate (%) 11.00 11.3 10.5 10.1 9.8 9.5
Inflation Rate (%) 9.74 9.5 9 8.5 8 7.5
Interest Rate (%) 13.50 13 13 13 13.2 14
Balance of Trade (USD Thousand) 6950.00 -114806 113000 75000 59000 -114811
Current Account (USD Million) 60.60 50 80 100 110 110
Current Account to GDP (%) 0.60 -2 -2.7 -2.7 -2.7 -2.7
Government Debt to GDP (%) 61.30 65 66 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4 -4 -4 -4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -9.00 0.3 0.6 1 0.8 0.7
GDP Annual Growth Rate (%) -10.60 -4 -1 8 6 2.7
GDP (USD Billion) 56.05 54.4 56.7 56.7 56.7 56.7
GDP Constant Prices (UYU Thousand) 154988231.00 196342614 177240851 171480762 167387289 202821921
Gross Fixed Capital Formation (UYU Thousand) 24758247.43 31666251 29692814 26119048 26738907 32711237
GDP per capita (USD) 14597.30 14100 14450 14450 14450 14450
GDP per capita PPP (USD) 21561.10 20800 21400 21400 21400 21400
GDP From Agriculture (UYU Thousand) 8980558.27 10947448 10901603 11242278 12264303 11308714
GDP From Construction (UYU Thousand) 6942768.00 9038189 8002324 6660642 7498189 9336449
GDP From Manufacturing (UYU Thousand) 19689412.00 24532883 21621228 20900945 21264565 25342469
GDP From Services (UYU Thousand) 14762040.00 25163984 22811661 21240230 15943003 25994396
GDP From Transport (UYU Thousand) 39841324.00 40080741 36979371 38538300 43028630 41403405
GDP From Utilities (UYU Thousand) 3708320.00 4501498 4301442 3878854 4004986 4650048

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 11.00 11.3 10.5 10.1 9.8 9.5
Employment Rate (%) 54.10 52.5 52.9 53.1 53.1 55
Wages (UYU/Month) 34874.00 36000 38000 38000 38000 38000
Wages in Manufacturing (points) 350.22 289 289 289 289 289
Population (million) 3.52 3.53 3.54 3.54 3.54 3.54

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 9.74 9.5 9 8.5 8 7.5
Consumer Price Index CPI (points) 221.92 222 230 235 238 239
Inflation Rate Mom (%) 0.58 0.4 0.3 0.4 0.5 0.5
Producer Prices Change (%) 2.01 11 11 11 11 11
Food Inflation (%) 13.50 14 12 10 10 7
CPI Housing Utilities (points) 223.02 209 228 239 240 225
CPI Transportation (points) 201.88 213 219 218 218 229

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 13.50 13 13 13 13.2 14
Interbank Rate (%) 0.25 2.74 -0.49 -0.49 -0.49 2.74
Deposit Interest Rate (%) 5.07 4.37 4.27 4.27 4.27 5.07

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Thousand) 6950.00 -114806 113000 75000 59000 -114811
Current Account (USD Million) 60.60 50 80 100 110 110
Current Account to GDP (%) 0.60 -2 -2.7 -2.7 -2.7 -2.7
Imports (USD Thousand) 616136.00 550000 570000 600000 620000 640000
Exports (USD Thousand) 623086.00 698000 683000 675000 679000 685000
Capital Flows (USD Million) 399.80 -380 -380 -380 -380 -270
Tourism Revenues (USD Thousand) 674928.47 160000 210000 270000 310000 345000
Foreign Direct Investment (USD Million) -634.90 180 180 180 180 250
Tourist Arrivals 1000908.00 500000 580000 620000 660000 680000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 61.30 65 66 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4 -4 -4 -4
Government Budget Value (UYU Million) -339.97 -16860 -16860 -16860 -16860 -16735
Government Spending (UYU Thousand) 16068888.52 19742428 17893030 18444807 17354400 20393928
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160

Taxes Actual Q4 Q1 Q2 Q3 2021
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 (%) 35.76 35.76 35.76 35.76 35.76 35.76
Social Security Rate For Companies (%) 12.63 12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees (%) 23.13 23.13 23.13 23.13 23.13 23.13

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) -1.90 -3.8 1.5 2.1 6.5 5

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (UYU Thousand) 112697639.25 144959498 131834692 127242810 121713450 149743162
Gasoline Prices (USD/Liter) 1.29 1.47 1.16 1.11 1.05 1.4


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.