Markets Actual Q1 Q2 Q3 Q4 2020
Currency 32.64 32.62 32.84 33.06 33.29 33.74
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.00 1.2 1.2 1 1.2 1.3
GDP Annual Growth Rate (%) 2.10 3.1 3.2 2.6 3.2 3.3
Unemployment Rate (%) 7.40 7.7 8.2 8.3 8.3 8.4
Inflation Rate (%) 7.96 8.3 8.1 7.8 7.6 7
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.25
Balance of Trade (USD Thousand) 36324.00 -121315 -118555 -112937 -114077 -114806
Current Account (USD Million) -341.00 380 300 190 250 140
Current Account to GDP (%) 0.50 -1.24 -1.24 -1.24 -1.24 -1.24
Government Debt to GDP (%) 50.60 60 60 60 60 57
Government Budget (% of GDP) -3.00 -2.9 -2.9 -2.9 -2.9 -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 2020
GDP Growth Rate (%) 0.00 1.2 1.2 1 1.2 1.3
GDP Annual Growth Rate (%) 2.10 3.1 3.2 2.6 3.2 3.3
GDP (USD Billion) 56.16 65 65 65 65 69
GDP Constant Prices (UYU Thousand) 177103894.90 179262888 176684149 179408017 182771220 188802670
Gross Fixed Capital Formation (UYU Thousand) 27783007.67 28939840 30345700 28144465 28672064 29618242
GDP per capita (USD) 14362.60 15000 15000 15000 15000 15400
GDP per capita PPP (USD) 20551.40 21400 21400 21400 21400 21900
GDP From Agriculture (UYU Thousand) 10269112.00 10272520 9377345 10402713 10597724 10947448
GDP From Construction (UYU Thousand) 7794709.00 7698133 7705664 7997371 8044140 8309596
GDP From Manufacturing (UYU Thousand) 22573559.00 22218558 22998232 22867241 23295913 24064678
GDP From Services (UYU Thousand) 23428613.00 24181646 23196381 23733419 24178329 24976213
GDP From Transport (UYU Thousand) 35971278.00 35632256 35896349 36439264 37122359 38347397
GDP From Utilities (UYU Thousand) 4403819.00 4536106 4249044 4461113 4544741 4694718
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.40 7.7 8.2 8.3 8.3 8.4
Wages (UYU/Month) 25950.00 28000 27503 27605 28000 28500
Wages in Manufacturing (Index Points) 300.69 281 314 319 284 289
Population (million) 3.49 3.52 3.52 3.52 3.52 3.54
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.96 8.3 8.1 7.8 7.6 7
Consumer Price Index CPI (Index Points) 186.62 195 198 201 202 216
Producer Prices Change (%) 9.95 10.8 9.5 8.5 8 11
Food Inflation (%) 6.78 9 9 8.5 9 5.4
CPI Housing Utilities (Index Points) 189.20 206 207 209 210 224
CPI Transportation (Index Points) 180.57 184 189 194 194 208
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.25
Interbank Rate (%) 2.89 2.87 2.87 2.87 2.87 2.87
Deposit Interest Rate (%) 5.10 5.1 5.1 5.1 5.1 5.1
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) 36324.00 -121315 -118555 -112937 -114077 -114806
Current Account (USD Million) -341.00 380 300 190 250 140
Current Account to GDP (%) 0.50 -1.24 -1.24 -1.24 -1.24 -1.24
Capital Flows (USD Million) 858.60 700 520 470 540 270
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 50.60 60 60 60 60 57
Government Budget (% of GDP) -3.00 -2.9 -2.9 -2.9 -2.9 -3.1
Government Budget Value (UYU Million) -6071.97 -16103 -17388 -15864 -17077 -16860
Government Spending (UYU Thousand) 17916383.34 18980059 18578291 18382209 18489708 19099868
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 1.70 19 24 23 20 23
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (UYU Thousand) 137257230.43 129207460 133114024 139042947 141649462 146323894
Gasoline Prices (USD/Liter) 1.70 1.6 1.56 1.53 1.49 1.49


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.