Markets Actual Q2 Q3 Q4 Q1 2020
Currency 34.24 33.96 34.2 34.43 34.67 35.15
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.10 1.2 1 1.2 1.2 1.3
GDP Annual Growth Rate (%) 0.60 0.8 1.5 2 2.4 3.1
Unemployment Rate (%) 8.40 8.2 8.3 8.3 8.3 8
Inflation Rate (%) 7.78 7.5 7.8 7.6 7 7
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.25
Balance of Trade (USD Thousand) -54206.00 -118555 -112937 -114077 -114077 -114806
Current Account (USD Million) -374.00 300 190 250 250 140
Current Account to GDP (%) 0.50 0.1 0.1 0.1 -0.5 -0.5
Government Debt to GDP (%) 50.60 60 60 60 57 57
Government Budget (% of GDP) -3.00 -2.9 -2.9 -2.9 -3.1 -3.1
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.10 1.2 1 1.2 1.2 1.3
GDP Annual Growth Rate (%) 0.60 0.8 1.5 2 2.4 3.1
GDP (USD Billion) 56.16 65 65 65 69 69
GDP Constant Prices (UYU Thousand) 184176642.00 176684149 181708596 190070295 189701941 196342614
Gross Fixed Capital Formation (UYU Thousand) 29704115.70 30345700 28505366 30654647 30595239 31666251
GDP per capita (USD) 14362.60 15000 15000 15000 15400 15400
GDP per capita PPP (USD) 20551.40 21400 21400 21400 21900 21900
GDP From Agriculture (UYU Thousand) 12304214.26 9377345 10536109 10597724 10577185 10947448
GDP From Construction (UYU Thousand) 8478156.00 7586346 7997371 8749457 8732501 9038189
GDP From Manufacturing (UYU Thousand) 23012753.00 22998232 23160472 23749161 23703136 24532883
GDP From Services (UYU Thousand) 23604749.00 23196381 24037757 24360101 24312891 25163984
GDP From Transport (UYU Thousand) 37597219.00 35896349 36906531 38800330 38725136 40080741
GDP From Utilities (UYU Thousand) 4222572.00 4249044 4518318 4357694 4349249 4501498
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 8.40 8.2 8.3 8.3 8.3 8
Wages (UYU/Month) 30255.00 32000 32000 32000 33000 33000
Wages in Manufacturing (Index Points) 316.78 314 319 284 284 289
Population (million) 3.49 3.52 3.52 3.5 3.51 3.51
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 7.78 7.5 7.8 7.6 7 7
Consumer Price Index CPI (Index Points) 193.59 197 201 201 206 215
Producer Prices Change (%) 12.69 9.5 8.5 8 8 11
Food Inflation (%) 7.85 9 8.5 9 9 5.4
CPI Housing Utilities (Index Points) 202.50 206 209 204 216 218
CPI Transportation (Index Points) 184.90 188 194 194 196 208
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.25
Interbank Rate (%) 2.67 2.74 2.74 2.74 2.74 2.74
Deposit Interest Rate (%) 5.10 5.1 5.1 5.1 5.1 5.1
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Thousand) -54206.00 -118555 -112937 -114077 -114077 -114806
Current Account (USD Million) -374.00 300 190 250 250 140
Current Account to GDP (%) 0.50 0.1 0.1 0.1 -0.5 -0.5
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 50.60 60 60 60 57 57
Government Budget (% of GDP) -3.00 -2.9 -2.9 -2.9 -3.1 -3.1
Government Spending (UYU Thousand) 18519128.05 18290616 18382209 19111740 19074702 19742428
Taxes Actual Q2 Q3 Q4 Q1 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 (%) 35.76 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 Q2 Q3 Q4 Q1 2020
Industrial Production (%) -2.50 24 23 20 20 23
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (UYU Thousand) 135977376.81 133114024 140825918 140328653 140056698 144959498
Gasoline Prices (USD/Liter) 1.64 1.59 1.55 1.51 1.47 1.47


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.