The economy of Uruguay shrank 0.2 percent year-on-year in the first quarter of 2019, following a 0.6 percent expansion in the previous period. It was the first contraction since the last quarter of 2015, as output shrank in primary activity (-0.1 percent vs 8 percent in Q4) and other activities (-0.4 percent vs 0.3 percent). Also, output declined further in trade and restaurants & hotels (-6.9 percent vs -6 percent) and construction (-3 percent vs -1.8 percent). Additionally, growth slowed in transport, storage & communications (5.3 percent vs 8.6 percent); and utilities (21.1 percent vs 21.7 percent). Meanwhile, manufacturing activity contracted 2.5 percent, after shrinking 4.1 percent in the last quarter of 2018. On a quarterly basis, the economy stalled, following an upwardly revised 0.2 percent contraction in the prior period. GDP Annual Growth Rate in Uruguay averaged 2.61 percent from 1998 until 2019, reaching an all time high of 10.50 percent in the second quarter of 2010 and a record low of -9.30 percent in the third quarter of 2002.

GDP Annual Growth Rate in Uruguay is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Uruguay to stand at 1.80 in 12 months time. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Uruguay GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 04:00 PM GDP Growth Rate YoY 2.5% 2.2% 2.6%
2018-12-18 03:00 PM GDP Growth Rate YoY 2.1% 2.6% 2.3%
2019-03-29 09:30 PM GDP Growth Rate YoY 0.6% 1.8% 2.7%
2019-06-18 10:05 PM GDP Growth Rate YoY -0.2% 0.6% 0.8%
2019-09-13 04:00 PM GDP Growth Rate YoY -0.2% 0.5%
2019-12-18 05:30 PM GDP Growth Rate YoY 1.5%


Uruguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 -0.20 8.70 -5.60 percent [+]
GDP Annual Growth Rate -0.20 0.60 10.50 -9.30 percent [+]
GDP 59.60 56.49 59.60 1.24 USD Billion [+]
GDP Constant Prices 176337308.00 184176642.00 184176642.00 100499529.00 UYU Thousand [+]
Gross Fixed Capital Formation 25818644.92 29337853.77 40507924.70 14555321.07 UYU Thousand [+]
GDP per capita 14617.50 14437.40 14617.50 5248.90 USD [+]
GDP per capita PPP 20916.20 20658.50 20916.20 9841.90 USD [+]
GDP From Agriculture 10292111.28 12304214.26 13085326.42 7382498.05 UYU Thousand [+]
GDP From Construction 7159710.00 8478156.00 9622465.00 5011317.00 UYU Thousand [+]
GDP From Manufacturing 21292122.00 23012753.00 24134912.00 13963944.00 UYU Thousand [+]
GDP From Services 21872089.00 23604749.00 26176332.00 12796459.00 UYU Thousand [+]
GDP From Transport 37590171.00 37597219.00 37597219.00 8622185.00 UYU Thousand [+]
GDP From Utilities 5200343.00 4222572.00 5200343.00 399763.00 UYU Thousand [+]


Uruguay GDP Annual Growth Rate

The biggest sector of Uruguay´s economy is services. Financing, real estate, business, public and personal services, education and health; trade, repairs, restaurants and hotels and transport, communication and warehousing account for 55 percent of the GDP. Industry and mining create 26 percent of the wealth and construction and water, electricity and gas distribution 12 percent. Agriculture, hunting, forestry and fishing account for the remaining 7 percent of GDP. This page provides the latest reported value for - Uruguay GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.60 10.50 -9.30 1998 - 2019 percent Quarterly
NSA, 2005=100




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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