Markets Actual Q3 Q4 Q1 Q2 2021
Currency 42.48 42.68 42.89 43.1 43.3 43.71

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 4 0.3 0.6 1 0.7
GDP Annual Growth Rate (%) -1.40 -5 -4 -1 8 2.7
Unemployment Rate (%) 10.60 11.3 11.3 10.5 10.1 9.5
Inflation Rate (%) 9.79 9.3 8.7 8.3 7.9 6.8
Interest Rate (%) 13.80 13.1 13 13 13 14
Balance of Trade (USD Thousand) -72244.00 -118555 -114806 -114077 -114077 -114811
Current Account (USD Million) 10.28 70 50 80 100 110
Current Account to GDP (%) 0.60 -2 -2 -2.7 -2.7 -2.7
Government Debt to GDP (%) 61.30 65 65 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -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 Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 4 0.3 0.6 1 0.7
GDP Annual Growth Rate (%) -1.40 -5 -4 -1 8 2.7
GDP (USD Billion) 56.05 54.4 54.4 56.7 56.7 56.7
GDP Constant Prices (UYU Thousand) 154988231.00 173910465 177240851 171480762 167387289 182026354
Gross Fixed Capital Formation (UYU Thousand) 24758247.43 27784361 29692814 26119048 26738907 30494520
GDP per capita (USD) 14597.30 14100 14100 14450 14450 14450
GDP per capita PPP (USD) 21561.10 20800 20800 21400 21400 21400
GDP From Agriculture (UYU Thousand) 11355835.97 9325513 10901603 11242278 12264303 11195946
GDP From Construction (UYU Thousand) 6942768.00 7661395 8002324 6660642 7498189 8218387
GDP From Manufacturing (UYU Thousand) 19689412.00 22440471 21621228 20900945 21264565 22205002
GDP From Services (UYU Thousand) 14762040.00 22186374 22811661 21240230 15943003 23427576
GDP From Transport (UYU Thousand) 39841324.00 36381639 36979371 38538300 43028630 37977814
GDP From Utilities (UYU Thousand) 3708320.00 4452989 4301442 3878854 4004986 4417581

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 10.60 11.3 11.3 10.5 10.1 9.5
Employment Rate (%) 53.70 52 52.5 52.9 53.1 55
Wages (UYU/Month) 34874.00 36000 36000 38000 38000 38000
Wages in Manufacturing (points) 347.71 284 289 289 289 289
Population (million) 3.52 3.53 3.53 3.54 3.54 3.54

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 9.79 9.3 8.7 8.3 7.9 6.8
Consumer Price Index CPI (points) 219.24 219 221 229 234 236
Inflation Rate Mom (%) 0.57 0.3 0.4 0.3 0.4 0.5
Producer Prices Change (%) 9.69 8 11 11 11 11
Food Inflation (%) 12.88 17 14 12 10 7
CPI Housing Utilities (points) 221.62 225 208 227 237 222
CPI Transportation (points) 201.58 210 211 217 217 226

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 13.80 13.1 13 13 13 14
Interbank Rate (%) 0.31 -0.39 -0.49 -0.49 -0.49 0.31
Deposit Interest Rate (%) 5.07 4.37 4.27 4.27 4.27 5.07

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Thousand) -72244.00 -118555 -114806 -114077 -114077 -114811
Current Account (USD Million) 10.28 70 50 80 100 110
Current Account to GDP (%) 0.60 -2 -2 -2.7 -2.7 -2.7
Capital Flows (USD Million) 259.50 200 -380 -380 -380 -270
Tourism Revenues (USD Thousand) 674928.47 100200 160000 210000 270000 345000
Foreign Direct Investment (USD Million) -48.50 420 180 180 180 250
Tourist Arrivals 1000908.00 400000 500000 580000 620000 680000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 61.30 65 65 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -4 -4 -4
Government Budget Value (UYU Million) -7072.92 -17077 -16860 -16860 -16860 -16735
Government Spending (UYU Thousand) 16068888.52 17700078 17893030 18444807 17354400 18376142
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -5.30 7 3.8 2.1 2.1 5

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (UYU Thousand) 112697639.25 135533477 131834692 127242810 121713450 135394229
Gasoline Prices (USD/Liter) 1.29 1.23 1.16 1.11 1.05 1


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.