Markets Actual Q1 Q2 Q3 Q4 2022
Currency 42.74 42.95 43.15 43.36 43.56 43.98

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 7.80 0.6 1 0.8 0.7 1.1
GDP Annual Growth Rate (%) -5.90 1 8 6 2.7 2.2
Unemployment Rate (%) 10.50 10.5 10.1 9.8 9.5 8.7
Inflation Rate (%) 8.89 9 8.5 8 7.5 6.6
Interest Rate (%) 11.90 11 10.7 10.4 10 9.6
Balance of Trade (USD Thousand) -150064.00 -114806 113000 75000 -114811 -114811
Current Account (USD Million) -0.70 80 100 110 110 120
Current Account to GDP (%) 0.60 -2.7 -2.7 -2.7 -2.7 -2.5
Government Debt to GDP (%) 61.30 66 66 66 66 67
Government Budget (% of GDP) -2.90 -4 -4 -4 -4 -3.5
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 2022
GDP Growth Rate (%) 7.80 0.6 1 0.8 0.7 1.1
GDP Annual Growth Rate (%) -5.90 1 8 6 2.7 2.2
GDP (USD Billion) 56.05 56.7 56.7 56.7 56.7 59
GDP Constant Prices (UYU Thousand) 402985.00 177240851 175004418 167387289 202821921 182026354
Gross Fixed Capital Formation (UYU Thousand) 64624.09 29692814 26646706 26738907 32711237 30494520
GDP per capita (USD) 14597.30 14450 14450 14450 14450 14600
GDP per capita PPP (USD) 21561.10 21400 21400 21400 21400 21600
GDP From Agriculture (UYU Thousand) 23395.00 10901603 9775690 9699003 11308714 11195946
GDP From Construction (UYU Thousand) 16568.00 8002324 6795200 7498189 9336449 8218387
GDP From Manufacturing (UYU Thousand) 45016.00 21621228 21323187 21264565 25342469 22205002
GDP From Services (UYU Thousand) 50870.00 22811661 21669326 15943003 25994396 23427576
GDP From Transport (UYU Thousand) 40772.00 36979371 39316852 43028630 41403405 37977814
GDP From Utilities (UYU Thousand) 12630.00 4301442 3957214 4004986 4650048 4417581

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 10.50 10.5 10.1 9.8 9.5 8.7
Employment Rate (%) 54.90 52.9 53.1 53.1 55 56.3
Wages (UYU/Month) 34874.00 38000 38000 38000 38000 39000
Wages in Manufacturing (points) 350.42 289 289 289 289 289
Population (million) 3.52 3.54 3.54 3.54 3.54 3.55

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 8.89 9 8.5 8 7.5 6.6
Consumer Price Index CPI (points) 225.69 230 235 238 239 255
Inflation Rate Mom (%) 1.60 0.3 0.4 0.5 0.5 0.5
Producer Prices Change (%) 7.07 11 11 11 11 11
Food Inflation (%) 9.48 12 10 10 7 4.5
CPI Housing Utilities (points) 230.50 228 239 240 229 244
CPI Transportation (points) 206.49 219 218 218 222 237

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 11.90 11 10.7 10.4 10 9.6
Interbank Rate (%) 0.24 -0.15 -0.65 -0.95 2.74 -1.65
Deposit Interest Rate (%) 5.07 4.67 4.17 3.87 3.57 3.17

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Thousand) -150064.00 -114806 113000 75000 -114811 -114811
Current Account (USD Million) -0.70 80 100 110 110 120
Current Account to GDP (%) 0.60 -2.7 -2.7 -2.7 -2.7 -2.5
Imports (USD Thousand) 722327.00 570000 600000 620000 640000 715000
Exports (USD Thousand) 572263.00 683000 675000 679000 685000 690000
Capital Flows (USD Million) 399.80 -380 -380 -380 -270 -270
Tourism Revenues (USD Thousand) 674928.47 210000 270000 310000 345000 405000
Foreign Direct Investment (USD Million) -634.90 180 180 180 250 250
Tourist Arrivals 1000908.00 580000 620000 660000 680000 790000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 61.30 66 66 66 66 67
Government Budget (% of GDP) -2.90 -4 -4 -4 -4 -3.5
Government Budget Value (UYU Million) -27098.22 -16860 -16860 -16860 -16735 -16735
Government Spending (UYU Thousand) 64437.35 17893030 18817429 17354400 20393928 18376142
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Industrial Production (%) 1.40 1.5 1.5 6.5 5 4

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (UYU Thousand) 264830.13 131834692 129813372 121713450 149743162 135394229
Gasoline Prices (USD/Liter) 1.38 1.31 1.25 1.18 1.12 1.07


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.