Uruguay - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.10 0.3 0.7 0.1 0.7 1 percent
Unemployment Rate 9.31 8 8.1 8 8.2 8.7 percent
Inflation Rate 6.65 7.5 7.6 7.7 7.7 7.5 percent
Interest Rate 9.25 9 9 9 8.75 8.5 percent
Balance of Trade -79683.00 -151559 -159902 -185529 -180036 -221302 USD Thousand
Government Debt to GDP 50.60 55.85 55.85 57.4 60.5 56.8 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 28.15
28.64 28.98 29.32 29.66 31.07
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.10
percent
0.3 0.7 0.1 0.7 1
GDP Annual Growth Rate 2.00
percent
2.7 2.9 3 3.3 3.3
GDP 52.42
USD Billion
49.45 48.92 60 63 66
GDP Constant Prices 183884257.00
UYU Thousand
171841095 176060421 189400785 178428418 201716192
Gross Fixed Capital Formation 30548327.39
UYU Thousand
29394678 28290168 31464777 29188327 33510711
GDP per capita 14010.00
USD
13912 13716 13996 13486 13216
GDP per capita PPP 20046.90
USD
19907 19967 20027 19297 18911
GDP From Agriculture 12242012.76
UYU Thousand
9574076 9794491 12609273 11037485 13429166
GDP From Construction 8305968.00
UYU Thousand
7489705 7963661 8555147 7689437 9111428
GDP From Manufacturing 23970739.00
UYU Thousand
21467357 21890055 24689861 21991423 26295270
GDP From Services 25537817.00
UYU Thousand
22642851 23986027 26303952 23607994 28014313
GDP From Transport 34418747.00
UYU Thousand
34107373 34387542 35451309 33977237 37756460
GDP From Utilities 3328307.00
UYU Thousand
4421550 4449963 3428156 4901848 3651065
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 9.31
percent
8 8.1 8 8.2 8.7
Employment Rate 57.30
percent
57.64 57.61 57.58 57.56 57.34
Wages 25950.00
UYU/Month
27500 27500 27500 28000 28500
Wages in Manufacturing 290.11
Index Points
279 280 280 281 289
Population 3.48
million
3.6 3.48 3.48 3.48 3.49
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 6.65
percent
7.5 7.6 7.7 7.7 7.5
Consumer Price Index CPI 179.61
Index Points
182 185 186 195 215
Inflation Rate Mom 0.28
percent
0.82 0.57 0.67 0.62 0.64
Food Inflation 6.95
percent
1.8 2 2.5 2.6 3.4
GDP Deflator 249.87
Index Points
254 259 262 263 269
CPI Housing Utilities 190.01
Index Points
195 197 187 205 216
CPI Transportation 169.93
Index Points
175 176 178 183 205
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 9.25
percent
9 9 9 8.75 8.5
Interbank Rate 2.34
percent
1.52 1.52 1.52 1.27 1.02
Money Supply M0 51385.00
UYU Million
51935 51754 51669 51602 50912
Money Supply M1 139778.00
UYU Million
143604 143416 143243 143073 141215
Money Supply M2 282510.00
UYU Million
284657 284120 283746 283423 280098
Foreign Exchange Reserves 16268.20
USD Million
16395 16420 16424 16425 16425
Loans to Private Sector 1184.69
USD Thousand
1185 1185 1185 1185 1185
Deposit Interest Rate 5.60
percent
8.25 8.19 8.12 8.97 21.63
Central Bank Balance Sheet 104649.00
UYU Million
98686 97845 97021 96211 88931
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -79683.00
USD Thousand
-151559 -159902 -185529 -180036 -221302
Exports 546608.00
USD Thousand
523741 507901 493807 481006 398834
Imports 626291.00
USD Thousand
675300 667803 665255 661042 620136
Current Account -107.50
USD Million
178 143 -2.6 30.4 -36.91
Current Account to GDP -0.20
percent
-0.86 -1.21 -0.3 -0.87 -1.61
External Debt 38698.65
USD Million
41976 41412 42126 41909 39578
Capital Flows -176.50
USD Million
147 -46.93 16.83 -81.64 238
Remittances 115.97
USD Million
111 110 109 108 87.74
Tourism Revenues 1089044.35
USD Thousand
297092 269677 486107 1028171 453789
Gold Reserves 0.10
Tonnes
0.1 0.1 0.1 2.84 0.1
Terrorism Index 0.78
0.33 0.38 0.42 0.38 0.09
Tourist Arrivals 722124.00
777700 671200 899300 1285100 838500
Foreign Direct Investment 119.50
USD Million
275 285 298 311 392
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 50.60
percent
55.85 55.85 57.4 60.5 56.8
Government Budget -3.20
percent of GDP
-2.35 -2.53 -2.72 -2.62 -1.85
Government Budget Value -4765.07
UYU Million
-18841 -17750 -17106 -17065 -16946
Government Spending 18131494.39
UYU Thousand
17983229 18052451 18675439 19035089 19889772
Government Revenues 29679.77
UYU Million
31909 31971 31997 32003 32004
Fiscal Expenditure 45893.67
UYU Million
50750 49721 49263 49067 48950
Military Expenditure 980.40
USD Million
943 941 940 936 821
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 9.20
percent
-2.4 -1.8 -1.7 -2.2 -1.2
Changes in Inventories -709439.18
UYU THO
-809219 -627386 -445552 -397666 1336042
Internet Speed 9505.67
KBps
8568 9178 8989 8441 7354
IP Addresses 959629.00
IP
915157 913574 904379 900955 846324
Steel Production 5.00
Thousand Tonnes
4.81 4.73 4.67 4.63 4.54
Competitiveness Index 4.15
Points
4.18 4.18 4.18 4.09 4.07
Competitiveness Rank 76.00
72 72 72 76 73
Corruption Index 70.00
Points
69 69 69 68 63
Corruption Rank 23.00
23 23 24 24 26
Ease of Doing Business 94.00
93 94 95 95 97
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 136488163.01
UYU Thousand
129449590 135542724 140582808 127926446 149723924
Gasoline Prices 1.78
USD/Liter
1.48 1.39 1.3 1.48 0.87
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 26
Personal Income Tax Rate 36.00
percent
36 36 36 34 29
Sales Tax Rate 22.00
percent
22 22 22 22 22
Social Security Rate 35.76
percent
35.76 35.76 35.76 37 38
Social Security Rate For Companies 12.63
percent
13.12 13.12 13.12 13.12 13.91
Social Security Rate For Employees 23.13
percent
23.29 23.29 23.29 23.29 23.51
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 170.49
mm
102 93.2 98.54 110 103
Temperature 22.85
celsius
14.31 12.54 19.35 22.66 17.59