The Gross Domestic Product (GDP) in Uruguay expanded 0.60 percent in the first quarter of 2022 over the previous quarter. source: Banco Central del Uruguay

GDP Growth Rate in Uruguay averaged 0.56 percent from 1997 until 2022, reaching an all time high of 9.60 percent in the second quarter of 1997 and a record low of -11.50 percent in the second quarter of 2020. This page provides the latest reported value for - Uruguay GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

GDP Growth Rate in Uruguay is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay GDP Growth Rate is projected to trend around 0.30 percent in 2023, according to our econometric models.

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Uruguay GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 0.60 2.00 percent Mar 2022
GDP Annual Growth Rate 7.70 8.30 percent Jun 2022
GDP Constant Prices 457749.00 444308.00 UYU Thousand Jun 2022
Gross Fixed Capital Formation 84739.16 69887.43 UYU Thousand Jun 2022
GDP from Utilities 13436.00 11894.00 UYU Thousand Jun 2022
GDP from Transport 43867.00 40431.00 UYU Thousand Jun 2022
GDP from Services 65040.00 57736.00 UYU Thousand Jun 2022
GDP from Manufacturing 46843.00 43840.00 UYU Thousand Jun 2022
GDP from Construction 21463.00 19937.00 UYU Thousand Jun 2022
GDP from Agriculture 27457.00 32984.00 UYU Thousand Mar 2022

Uruguay GDP Growth Rate
In the last decade, Uruguay has been one of the fastest growing economies in Latin America. After the 2002 crisis, the country has returned to high growth rates, expanding on average 1.3 percent from 2005 to 2012 on a quarter over quarter basis. Uruguay has an export-oriented agricultural sector. Shipments of meat, vegetables, rice and dairy products account for 52 percent of total exports. Nevertheless, in order to keep the current pace of growth the country needs to diversify its economy and reduce the debt burden.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 2.00 9.60 -11.50 1997 - 2022 percent Quarterly