Markets Actual Q3 Q4 Q1 Q2 2021
Currency 42.38 42.74 42.95 43.16 43.36 43.77

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 4 0.3 0.6 1 0.7
GDP Annual Growth Rate (%) -1.40 -5 -3.5 -1 0.7 2.7
Unemployment Rate (%) 9.70 11.3 11.3 10.5 10.1 9.5
Inflation Rate (%) 10.36 9.3 8.7 8.3 7.9 6.8
Interest Rate (%) 15.40 13.1 13 13 13 14
Balance of Trade (USD Thousand) 126391.00 -118555 -114806 -114077 -114077 -114811
Current Account (USD Million) 10.28 -130 -90 -90 180 110
Current Account to GDP (%) 0.60 -2 -2 -2.7 -2.7 -2.7
Government Debt to GDP (%) 61.30 65 65 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -4 -4 -4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 4 0.3 0.6 1 0.7
GDP Annual Growth Rate (%) -1.40 -5 -3.5 -1 0.7 2.7
GDP (USD Billion) 56.05 54.4 54.4 56.7 56.7 56.7
GDP Constant Prices (UYU Thousand) 173212891.00 173910465 178163980 171480762 174425381 182974407
Gross Fixed Capital Formation (UYU Thousand) 26382876.99 27784361 29847464 26119048 26567557 30653346
GDP per capita (USD) 14597.30 14100 14100 14450 14450 14450
GDP per capita PPP (USD) 21561.10 20800 20800 21400 21400 21400
GDP From Agriculture (UYU Thousand) 11355835.97 9325513 10958382 11242278 11435327 11254258
GDP From Construction (UYU Thousand) 6727921.00 7661395 8044003 6660642 6775016 8261191
GDP From Manufacturing (UYU Thousand) 21112066.00 22440471 21733839 20900945 21259850 22320653
GDP From Services (UYU Thousand) 21454778.00 22186374 22930472 21240230 21604961 23549595
GDP From Transport (UYU Thousand) 38927576.00 36381639 37171972 38538300 39200069 38175615
GDP From Utilities (UYU Thousand) 3918034.00 4452989 4323846 3878854 3945460 4440589

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 9.70 11.3 11.3 10.5 10.1 9.5
Employment Rate (%) 52.10 52 52.5 52.9 53.1 55
Wages (UYU/Month) 34874.00 36000 36000 38000 38000 38000
Wages in Manufacturing (points) 339.04 284 289 289 289 289
Population (million) 3.52 3.53 3.53 3.54 3.54 3.54

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 10.36 9.3 8.7 8.3 7.9 6.8
Consumer Price Index CPI (points) 216.80 219 221 229 234 236
Inflation Rate Mom (%) 0.02 0.3 0.4 0.3 0.4 0.5
Producer Prices Change (%) 11.24 8 11 11 11 11
Food Inflation (%) 16.63 17 14 12 10 7
CPI Housing Utilities (points) 220.05 225 208 227 237 222
CPI Transportation (points) 201.09 210 211 217 217 226

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 15.40 13.1 13 13 13 14
Interbank Rate (%) 0.43 -0.58 -0.68 -0.68 -0.68 -0.68
Deposit Interest Rate (%) 5.07 4.82 4.32 4.12 3.92 3.82

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Thousand) 126391.00 -118555 -114806 -114077 -114077 -114811
Current Account (USD Million) 10.28 -130 -90 -90 180 110
Current Account to GDP (%) 0.60 -2 -2 -2.7 -2.7 -2.7
Capital Flows (USD Million) 259.50 200 -380 -380 -380 -270
Foreign Direct Investment (USD Million) -48.50 420 180 180 180 250
Tourist Arrivals 864300.00 800000 1000000 1180000 1180000 1100000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 61.30 65 65 66 66 66
Government Budget (% of GDP) -2.90 -4.5 -4.5 -4 -4 -4
Government Budget Value (UYU Million) -14387.92 -17077 -16860 -16860 -16860 -16735
Government Spending (UYU Thousand) 18631117.95 17700078 17986223 18444807 18761536 18471851
Military Expenditure (USD Million) 1164.00 1160 1160 1160 1160 1160

Taxes Actual Q3 Q4 Q1 Q2 2021
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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -19.60 7 3.8 2.1 2.1 5

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (UYU Thousand) 128528090.70 135533477 132521331 127242810 129427787 136099407
Gasoline Prices (USD/Liter) 1.29 1.23 1.16 1.11 1.05 1


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.