Markets Actual Q2 Q3 Q4 Q1 2022
Currency 44.03 44.24 44.45 44.67 44.88 45.3

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 7.80 1 0.8 0.7 0.7 1.1
GDP Annual Growth Rate (%) -2.90 8 6 3.4 2.7 3.1
Unemployment Rate (%) 11.10 11 10.8 10.2 10 9.4
Inflation Rate (%) 6.76 8.5 8 7.5 7 6.6
Interest Rate (%) 4.50 4 4 4 4.5 4.75
Balance of Trade (USD Thousand) -221646.00 -114806 113000 -114811 -114811 -114811
Current Account (USD Million) -297.00 100 110 110 110 120
Current Account to GDP (%) 1.50 -2.7 -2.7 -2.7 -2.7 -2.5
Government Debt to GDP (%) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -4 -4 -4 -4 -3.5
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 2022
GDP Growth Rate (%) 7.80 1 0.8 0.7 0.7 1.1
GDP Annual Growth Rate (%) -2.90 8 6 3.4 2.7 3.1
GDP (USD Billion) 56.05 56.7 56.7 56.7 56.7 59
GDP Constant Prices (UYU Thousand) 443102.00 433482 420270 202821921 458167 472371
Gross Fixed Capital Formation (UYU Thousand) 89822.89 57711 61650 32711237 92877 95756
GDP per capita (USD) 14597.30 14450 14450 14450 14450 14600
GDP per capita PPP (USD) 21561.10 21400 21400 21400 21400 21600
GDP From Agriculture (UYU Thousand) 23395.00 25599 32350 11308714 24190 24940
GDP From Construction (UYU Thousand) 33546.00 17091 17389 9336449 34687 35762
GDP From Manufacturing (UYU Thousand) 66434.00 43105 44979 25342469 68693 70822
GDP From Services (UYU Thousand) 78102.00 60638 48497 25994396 80757 83261
GDP From Transport (UYU Thousand) 50127.00 41099 49401 41403405 51831 53438
GDP From Utilities (UYU Thousand) 13533.00 12899 12971 4650048 13993 14427

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 11.10 11 10.8 10.2 10 9.4
Employment Rate (%) 54.90 53.1 53.1 55 55 56.3
Wages (UYU/Month) 34874.00 38000 38000 38000 38000 39000
Wages in Manufacturing (points) 362.69 289 289 289 289 289
Population (million) 3.52 3.54 3.54 3.54 3.54 3.55

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 6.76 8.5 8 7.5 7 6.6
Consumer Price Index CPI (points) 230.10 235 238 239 245 255
Inflation Rate Mom (%) 0.50 0.4 0.5 0.5 0.5 0.5
Producer Prices Change (%) 8.52 11 11 11 11 11
Food Inflation (%) 4.56 10 10 7 5 4.5
CPI Housing Utilities (points) 232.66 239 240 229 248 244
CPI Transportation (points) 213.07 218 218 222 225 237

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 4.50 4 4 4 4.5 4.75
Interbank Rate (%) 0.21 0.21 -0.29 2.74 -0.29 -0.04
Deposit Interest Rate (%) 4.79 5.07 4.57 4.57 4.57 4.82

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Thousand) -221646.00 -114806 113000 -114811 -114811 -114811
Current Account (USD Million) -297.00 100 110 110 110 120
Current Account to GDP (%) 1.50 -2.7 -2.7 -2.7 -2.7 -2.5
Imports (USD Thousand) 766523.00 600000 620000 640000 640000 715000
Exports (USD Thousand) 544877.00 675000 679000 685000 685000 690000
Capital Flows (USD Million) 399.80 -380 -380 -270 -270 -270
Tourism Revenues (USD Thousand) 674928.47 270000 310000 345000 345000 405000
Foreign Direct Investment (USD Million) -634.90 180 180 250 250 250
Tourist Arrivals 1000908.00 620000 660000 680000 680000 790000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -4 -4 -4 -4 -3.5
Government Budget Value (UYU Million) -12945.23 -16860 -16860 -16735 -16735 -16735
Government Spending (UYU Thousand) 70690.51 70948 66386 20393928 73094 75360
Military Expenditure (USD Million) 1220.00 1160 1160 1160 1160 1160

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

Business Actual Q2 Q3 Q4 Q1 2022
Industrial Production (%) -0.20 1.5 6.5 5 5 4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (UYU Thousand) 272357.86 282101 261793 149743162 281618 290348
Gasoline Prices (USD/Liter) 1.32 1.31 1.25 1.4 1.12 1.07


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.