Markets Actual Q1 Q2 Q3 Q4 2023
Currency 44.60 44.68 44.83 44.99 45.15 45.46

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 5.90 2.3 1.5 2 1.5 1.5
Unemployment Rate (%) 7.40 9.5 9.5 9.3 9 8.5
Inflation Rate (%) 7.96 7 6.5 6.5 6.6 6
Interest Rate (%) 6.50 7 7.25 7.75 7.25 6.25
Balance of Trade (USD Thousand) -99182.00 45000 45000 45000 45000 -25000
Current Account (USD Million) 105.00 58 -150 -150 -150 -50
Current Account to GDP (% of GDP) -0.60 -0.2 -0.2 -0.2 -0.2 0.9
Government Debt to GDP (% of GDP) 73.00 66 66 66 67 67
Government Budget (% of GDP) -5.10 -3 -3 -3 -3 -1
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 5.90 2.3 1.5 2 1.5 1.5
GDP (USD Billion) 53.63 56.7 56.7 56.7 59 59
GDP Constant Prices (UYU Thousand) 427837.00 447533 425908 439538 436394 454246
Gross Fixed Capital Formation (UYU Thousand) 71306.32 90721 64872 80638 72732 92082
GDP per capita (USD) 15044.64 13900 13900 13900 13900 14200
GDP per capita PPP (USD) 21608.43 22600 22600 22600 22600 23000
GDP From Agriculture (UYU Thousand) 31621.00 34813 28625 32095 32253 35335
GDP From Construction (UYU Thousand) 19131.00 24437 19638 20452 19514 24804
GDP From Manufacturing (UYU Thousand) 47092.00 47018 42290 48979 48034 47723
GDP From Services (UYU Thousand) 58778.00 54631 55041 60703 59954 55450
GDP From Transport (UYU Thousand) 40590.00 42017 36634 41787 41402 42647
GDP From Utilities (UYU Thousand) 12818.00 10147 11114 12020 13074 10300

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 7.40 9.5 9.5 9.3 9 8.5
Employment Rate (%) 57.20 55 55 55 56.3 56.3
Wages (UYU/Month) 34874.00 38000 38000 38000 39000 39000
Wages in Manufacturing (points) 373.99 289 289 289 289 289
Population (million) 3.53 3.54 3.54 3.54 3.55 3.55

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 7.96 7 6.5 6.5 6.6 6
Consumer Price Index CPI (points) 239.81 245 248 252 256 271
Inflation Rate Mom (%) -0.10 0.7 0.7 0.65 0.6 0.6
Producer Prices Change (%) 20.70 16 14.5 14 14 13
Food Inflation (%) 6.50 6.8 6.4 6.2 6.2 6
CPI Housing Utilities (points) 229.68 248 251 254 245 260
CPI Transportation (points) 234.09 236 237 239 240 242

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 6.50 7 7.25 7.75 7.25 6.25
Interbank Rate (%) 0.31 0.81 1.06 1.56 1.06 0.31
Deposit Interest Rate (%) 4.80 5.3 5.55 6.05 5.55 4.8

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Thousand) -99182.00 45000 45000 45000 45000 -25000
Current Account (USD Million) 105.00 58 -150 -150 -150 -50
Current Account to GDP (% of GDP) -0.60 -0.2 -0.2 -0.2 -0.2 0.9
Imports (USD Thousand) 899500.00 640000 640000 640000 715000 715000
Exports (USD Thousand) 800318.00 685000 685000 685000 690000 690000
Capital Flows (USD Million) 399.80 -270 -270 -270 -270 -270
Tourism Revenues (USD Thousand) 674928.47 345000 345000 345000 405000 405000
Foreign Direct Investment (USD Million) -634.90 250 250 250 250 250
Tourist Arrivals 1000908.00 680000 680000 680000 790000 790000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 73.00 66 66 66 67 67
Government Budget (% of GDP) -5.10 -3 -3 -3 -3 -1
Government Budget Value (UYU Million) -8039.95 -16735 -16735 -16735 -16735 -16735
Government Spending (UYU Thousand) 75686.67 71397 76352 74836 77200 72468
Military Expenditure (USD Million) 1260.00 1160 1160 1160 1160 1160

Taxes Actual Q1 Q2 Q3 Q4 2023
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 (%) 35.73 35.73 35.73 35.73 35.73 35.73
Social Security Rate For Companies (%) 12.63 12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees (%) 23.10 23.1 23.1 23.1 23.1 23.1

Business Actual Q1 Q2 Q3 Q4 2023
Industrial Production (%) 21.10 5 3 3 4 4

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Spending (UYU Thousand) 269929.88 275081 273440 261704 275328 279208
Gasoline Prices (USD/Liter) 1.58 1.5 1.43 1.35 1.29 1.22


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Uruguay Forecast - was last updated on Monday, January 24, 2022.