Markets Actual Q2 Q3 Q4 Q1 2021
Currency 42.92 43.13 43.33 43.54 43.75 44.16

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.60 -2 -1.5 0.3 0.6 0.7
GDP Annual Growth Rate (%) 0.20 -3 -5 -3.5 -1 2.7
Unemployment Rate (%) 10.10 11.1 11.3 11.3 10.5 9.5
Inflation Rate (%) 11.05 10.9 9.3 8.7 8.3 6.8
Balance of Trade (USD Thousand) -37629.00 -118555 -112937 -114806 -114077 -114811
Current Account (USD Million) -4.70 -200 -130 -90 140 110
Current Account to GDP (%) 0.60 -2 -2 -2 -2.7 -2.7
Government Debt to GDP (%) 61.30 65 65 65 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -4.5 -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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.60 -2 -1.5 0.3 0.6 0.7
GDP Annual Growth Rate (%) 0.20 -3 -5 -3.5 -1 2.7
GDP (USD Billion) 58.00 60 60 60 61 61
GDP Constant Prices (UYU Thousand) 184625886.00 170825137 173910465 178163980 182779627 182974407
Gross Fixed Capital Formation (UYU Thousand) 30930014.98 27620782 27784361 29847464 30620715 30653346
GDP per capita (USD) 14617.50 15041 15400 15400 15800 15800
GDP per capita PPP (USD) 20916.20 21523 21900 21900 21523 22719
GDP From Agriculture (UYU Thousand) 11355835.97 9213467 9325513 10958382 11242278 11254258
GDP From Construction (UYU Thousand) 8335754.00 7310140 7661395 8044003 8252396 8261191
GDP From Manufacturing (UYU Thousand) 22522113.00 21742005 22440471 21733839 22296892 22320653
GDP From Services (UYU Thousand) 23762147.00 21186528 22186374 22930472 23524526 23549595
GDP From Transport (UYU Thousand) 38520178.00 36601460 36381639 37171972 38134976 38175615
GDP From Utilities (UYU Thousand) 4480669.00 4263078 4452989 4323846 4435862 4440589

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 10.10 11.1 11.3 11.3 10.5 9.5
Employment Rate (%) 53.10 55.8 55.5 55.5 56.2 56.2
Wages (UYU/Month) 34874.00 36000 36000 36000 38000 38000
Wages in Manufacturing (points) 338.96 284 284 289 289 289
Population (million) 3.52 3.53 3.53 3.53 3.54 3.54

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 11.05 10.9 9.3 8.7 8.3 6.8
Consumer Price Index CPI (points) 216.76 218 219 221 229 236
Inflation Rate Mom (%) 0.57 0.5 0.3 0.4 0.3 0.5
Producer Prices Change (%) 15.66 8 8 11 11 11
Food Inflation (%) 19.26 19 17 14 12 7
CPI Housing Utilities (points) 219.53 227 225 208 227 222
CPI Transportation (points) 201.69 209 210 211 217 226

Money Actual Q2 Q3 Q4 Q1 2021
Interbank Rate (%) 0.62 0.69 0.49 0.39 0.39 0.39
Deposit Interest Rate (%) 5.12 4.82 4.32 4.12 3.92 3.82

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Thousand) -37629.00 -118555 -112937 -114806 -114077 -114811
Current Account (USD Million) -4.70 -200 -130 -90 140 110
Current Account to GDP (%) 0.60 -2 -2 -2 -2.7 -2.7
Capital Flows (USD Million) -286.60 380 200 -380 -380 -270
Foreign Direct Investment (USD Million) 195.00 300 420 180 180 250
Tourist Arrivals 864300.00 780000 800000 1000000 1180000 1100000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 61.30 65 65 65 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -4.5 -4 -4
Government Budget Value (UYU Million) 1041.97 -17077 -17077 -16860 -16860 -16735
Government Spending (UYU Thousand) 18638573.11 17976943 17700078 17986223 18452187 18471851
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) 4.70 -3 7 3.8 2.1 5

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (UYU Thousand) 137327804.53 128905219 135533477 132521331 135954526 136099407
Gasoline Prices (USD/Liter) 1.27 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.