Uruguay’s gross domestic product expanded 11.3 percent year-on-year in the second quarter of 2021, rebounding from an upwardly revised 3 percent contraction in Q1. It was the first GDP growth since the third quarter of 2019, as consumer spending rebounded (8.1 percent vs -4.6 percent in Q1) and both government expenditure (17.2 percent vs 6.4 percent) and gross fixed capital formation (31.7 percent vs 9.8 percent) advanced faster. Meanwhile, exports climbed 23.7 percent (vs -11.8 percent in Q1) while imports jumped at a faster 36.2 percent (vs -3.3 percent in Q1). source: Banco Central del Uruguay
GDP Annual Growth Rate in Uruguay averaged 2.13 percent from 1998 until 2021, reaching an all time high of 11.30 percent in the second quarter of 2021 and a record low of -12.50 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Uruguay is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.