Markets Actual Q4 Q1 Q2 Q3 2022
Currency 43.81 44.05 44.2 44.35 44.5 44.8

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 7.80 0.1 0.1 0.2 0.2 0.2
GDP Annual Growth Rate (%) 11.30 -1 1.3 1.5 2 1.5
Unemployment Rate (%) 9.50 10 9.5 9.5 9.3 9
Inflation Rate (%) 7.41 7.5 7 6.5 6.5 6.6
Interest Rate (%) 5.25 5.25 5.5 5.5 5.5 5.5
Balance of Trade (USD Thousand) 170114.00 -114811 45000 45000 45000 -25000
Current Account (USD Million) -169.00 -520 58 -150 -150 -150
Current Account to GDP (% of GDP) -0.60 -0.5 -0.2 -0.2 -0.2 -0.2
Government Debt to GDP (% of GDP) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -5 -3 -3 -3 -3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 7.80 0.1 0.1 0.2 0.2 0.2
GDP Annual Growth Rate (%) 11.30 -1 1.3 1.5 2 1.5
GDP (USD Billion) 53.63 56.7 56.7 56.7 56.7 59
GDP Constant Prices (UYU Thousand) 433042.00 202821921 438671 421744 439538 445251
Gross Fixed Capital Formation (UYU Thousand) 79445.91 32711237 88925 64238 80638 90259
GDP per capita (USD) 13430.72 13600 13900 13900 13900 13900
GDP per capita PPP (USD) 21608.43 21800 22600 22600 22600 22600
GDP From Agriculture (UYU Thousand) 31621.00 11308714 34123 28345 32095 34635
GDP From Construction (UYU Thousand) 20150.00 9336449 23953 19446 20452 24312
GDP From Manufacturing (UYU Thousand) 48255.00 25342469 46086 41876 48979 46778
GDP From Services (UYU Thousand) 59806.00 25994396 53549 54503 60703 54352
GDP From Transport (UYU Thousand) 41169.00 41403405 41185 36276 41787 41803
GDP From Utilities (UYU Thousand) 11842.00 4650048 9947 11005 12020 10096

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 9.50 10 9.5 9.5 9.3 9
Employment Rate (%) 55.90 55 55 55 55 56.3
Wages (UYU/Month) 34874.00 38000 38000 38000 38000 39000
Wages in Manufacturing (points) 369.45 289 289 289 289 289
Population (million) 3.53 3.54 3.54 3.54 3.54 3.55

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 7.41 7.5 7 6.5 6.5 6.6
Consumer Price Index CPI (points) 236.98 239 245 248 252 255
Inflation Rate Mom (%) 0.46 0.8 0.7 0.7 0.65 0.6
Producer Prices Change (%) 17.60 15 16 14.5 14 14
Food Inflation (%) 5.95 7.3 6.8 6.4 6.2 6.2
CPI Housing Utilities (points) 238.53 229 248 251 254 244
CPI Transportation (points) 223.78 226 227 229 230 232

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 5.25 5.25 5.5 5.5 5.5 5.5
Interbank Rate (%) 0.15 0.15 0.4 0.4 0.4 0.4
Deposit Interest Rate (%) 4.80 4.8 5.05 5.05 5.05 5.05

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Thousand) 170114.00 -114811 45000 45000 45000 -25000
Current Account (USD Million) -169.00 -520 58 -150 -150 -150
Current Account to GDP (% of GDP) -0.60 -0.5 -0.2 -0.2 -0.2 -0.2
Imports (USD Thousand) 765157.00 640000 640000 640000 640000 715000
Exports (USD Thousand) 935271.00 685000 685000 685000 685000 690000
Capital Flows (USD Million) 399.80 -270 -270 -270 -270 -270
Tourism Revenues (USD Thousand) 674928.47 345000 345000 345000 345000 405000
Foreign Direct Investment (USD Million) -634.90 250 250 250 250 250
Tourist Arrivals 1000908.00 680000 680000 680000 680000 790000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -5 -3 -3 -3 -3
Government Budget Value (UYU Million) -10577.66 -16735 -16735 -16735 -16735 -16735
Government Spending (UYU Thousand) 73729.92 69984 75606 74836 75205 71033
Military Expenditure (USD Million) 1260.00 1160 1160 1160 1160 1160

Taxes Actual Q4 Q1 Q2 Q3 2022
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 (%) 23.10 23.13 23.13 23.13 23.13 23.13

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 14.00 5 5 3 3 4

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (UYU Thousand) 257836.93 149743162 269634 270767 261704 273679
Gasoline Prices (USD/Liter) 1.64 1.56 1.48 1.41 1.34 1.27


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.