Uruguay - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.10 1.4 1.4 1.2 1.2 1.3 percent
Unemployment Rate 8.12 8.2 8 7.7 8.2 8.7 percent
Inflation Rate 8.11 7.3 7.2 7.2 7.1 7 percent
Interest Rate 9.25 9.25 9.25 9.25 9.25 9.25 percent
Balance of Trade -114399.00 -74117 -87338 -80559 -75292 -79541 USD Thousand
Government Debt to GDP 50.60 54 54 60 60 57 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 31.21
32.12 32.65 33.2 33.75 36.07
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.10
percent
1.4 1.4 1.2 1.2 1.3
GDP Annual Growth Rate 2.20
percent
2.9 3 3.1 3.2 3.3
GDP 56.16
USD Billion
60 60 65 65 69
GDP Constant Prices 176484479.00
UYU Thousand
175947522 189268513 181955498 174888557 201770834
Gross Fixed Capital Formation 27607600.14
UYU Thousand
28290168 31464777 28463436 29931839 33543215
GDP per capita 14362.60
USD
14700 14700 15000 15000 15400
GDP per capita PPP 20551.40
USD
20900 20900 21400 21400 21900
GDP From Agriculture 10170345.73
UYU Thousand
9795436 12610614 10485626 9749802 13443621
GDP From Construction 7633172.81
UYU Thousand
8028893 8631649 7869801 7677933 9201821
GDP From Manufacturing 21895165.17
UYU Thousand
21887900 24687207 22573915 21857878 26317945
GDP From Services 23775453.00
UYU Thousand
23986027 26303952 24512492 23056628 28041485
GDP From Transport 35088068.19
UYU Thousand
34380678 35443623 36175798 34724909 37784887
GDP From Utilities 4459319.00
UYU Thousand
4449963 3428156 4597558 4502350 3654606
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.12
percent
8.2 8 7.7 8.2 8.7
Employment Rate 57.17
percent
57.15 57.15 57.15 57.15 57.15
Wages 25950.00
UYU/Month
27500 27500 28000 27503 28500
Wages in Manufacturing 290.56
Index Points
280 280 281 316 289
Population 3.49
million
3.49 3.5 3.5 3.5 3.52
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 8.11
percent
7.3 7.2 7.2 7.1 7
Consumer Price Index CPI 182.98
Index Points
185 185 193 196 212
Producer Prices 189.63
Index Points
192 194 196 198 220
Producer Prices Change 12.57
percent
14.54 15.05 15.39 15.43 15.48
Inflation Rate Mom 0.99
percent
0.47 0.7 0.6 0.65 0.63
Food Inflation 8.10
percent
4 2.5 2.6 2.53 3.4
GDP Deflator 251.00
Index Points
256 260 262 265 294
CPI Housing Utilities 191.87
Index Points
197 186 204 205 214
CPI Transportation 174.99
Index Points
176 177 182 187 203
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.25
percent
9.25 9.25 9.25 9.25 9.25
Interbank Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M0 49486.00
UYU Million
50314 50235 50223 50221 50222
Money Supply M1 142629.00
UYU Million
141432 141536 141579 141583 141583
Money Supply M2 285525.00
UYU Million
285266 285381 285417 285430 285436
Foreign Exchange Reserves 17960.70
USD Million
18615 18658 18670 18673 18673
Loans to Private Sector 1187.82
USD Thousand
1188 1188 1188 1188 1188
Deposit Interest Rate 5.10
percent
5.1 5.1 5.1 5.1 5.1
Central Bank Balance Sheet 101092.00
UYU Million
99511 99450 99510 99519 99510
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -114399.00
USD Thousand
-74117 -87338 -80559 -75292 -79541
Exports 692743.00
USD Thousand
666122 639209 652696 658280 653977
Imports 807142.00
USD Thousand
740239 733188 733255 733572 733517
Current Account 418.00
USD Million
160 -120 380 300 140
Current Account to GDP 0.50
percent
-1.21 -0.41 -0.87 -1.36 -1
External Debt 38726.40
USD Million
37917 37966 37935 37948 37968
Capital Flows 858.60
USD Million
400 -390 700 520 270
Remittances 115.97
USD Million
115 115 114 113 107
Tourism Revenues 1089044.35
USD Thousand
527233 527233 527233 527233 527233
Gold Reserves 0.10
Tonnes
0.1 0.1 0.09 0.09 0.1
Terrorism Index 0.78
0.38 0.42 0.38 0.34 0.09
Tourist Arrivals 1531746.00
998600 997500 997500 997500 997500
Foreign Direct Investment -51.60
USD Million
20.04 9.54 -15.79 -20.73 -26
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.60
percent
54 54 60 60 57
Government Budget -3.00
percent of GDP
-3.1 -3.1 -2.9 -2.9 -3.1
Government Budget Value 976.54
UYU Million
-13226 -14273 -13327 -14300 -14024
Government Spending 18378977.92
UYU Thousand
18052451 18675439 18948726 18311856 19909064
Government Revenues 35689.64
UYU Million
32498 32630 32601 32588 32588
Fiscal Expenditure 45644.74
UYU Million
45724 46948 45929 46888 46612
Military Expenditure 1112.80
USD Million
1048 1065 1080 1096 1155
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 23.10
percent
26 23 24 25 23
Changes in Inventories -709439.18
UYU THO
-627386 -445552 -397666 -349779 1336042
Internet Speed 9505.67
KBps
9496 9493 9495 9494 9494
IP Addresses 959629.00
IP
942405 932885 947954 935323 939981
Steel Production 5.00
Thousand Tonnes
5.15 5.15 5.15 5.15 5.15
Competitiveness Index 4.15
Points
4.18 4.18 4.11 4.09 4.07
Competitiveness Rank 76.00
73 73 76 77 77
Corruption Index 70.00
Points
71 70 70 70 67
Corruption Rank 23.00
22 23 23 23 23
Ease of Doing Business 94.00
97 100 100 100 97
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 127291802.50
UYU Thousand
135542724 140582808 131237848 131815162 149869146
Gasoline Prices 1.61
USD/Liter
1.52 1.44 1.36 1.28 0.72
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 36.00
percent
36 36 36 36 36
Sales Tax Rate 22.00
percent
22 22 22 22 22
Social Security Rate 35.76
percent
35.76 35.76 36 36 36
Social Security Rate For Companies 12.63
percent
12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees 23.13
percent
23.13 23.13 23.13 23.13 23.13
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 170.49
mm
93.2 98.54 110 111 103
Temperature 22.85
celsius
12.54 19.35 22.66 15.54 17.59