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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10 0.3 0.3 0.7 0.1 1 percent
Unemployment Rate 7.76 8.1 8.1 7.9 8.5 8.7 percent
Inflation Rate 6.55 4.4 4.6 5 7.3 7.5 percent
Interest Rate 9.25 9 9 9 9 8.5 percent
Balance of Trade -21430.00 -56598 -68350 -73529 -75701 -77278 USD Thousand
Government Debt to GDP 52.70 55.07 55.85 56.62 57.4 59 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 28.54
28.96 29.33 29.7 30.07 31.62
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10
percent
0.3 0.3 0.7 0.1 1
GDP Annual Growth Rate 2.20
percent
4.2 3.9 2.5 2.5 2.4
GDP 52.42
USD Billion
50.5 50.1 49.7 60 66
GDP Constant Prices 172713713.00
UYU Thousand
174633688 171683969 172037019 174497543 172794555
Gross Fixed Capital Formation 29642027.00
UYU Thousand
30597465 32469914 30726474 32012071 31345488
GDP per capita 14010.00
USD
13841 13903 13965 14026 13590
GDP per capita PPP 20046.90
USD
19846 19907 19967 20027 19297
GDP From Agriculture 9658468.00
UYU Thousand
10796559 9509946 9574419 12095420 11658398
GDP From Construction 7720695.00
UYU Thousand
7674195 7812331 7648321 8093225 7898239
GDP From Manufacturing 21352787.00
UYU Thousand
21996245 21579252 21242891 22035802 21640420
GDP From Services 23871496.00
UYU Thousand
23553228 22918850 23451699 23867227 23430969
GDP From Transport 33274943.00
UYU Thousand
33644637 33784051 33752981 33770429 33019607
GDP From Utilities 4625324.00
UYU Thousand
3687121 3546658 3592581 3516730 3285649
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.76
percent
8.1 8.1 7.9 8.5 8.7
Employment Rate 58.08
percent
57.95 57.91 57.87 57.84 57.52
Wages 16609.78
UYU/Month
16898 17223 17549 17874 27492
Wages in Manufacturing 278.63
Index Points
279 279 279 279 277
Population 3.48
million
3.6 3.6 3.48 3.48 3.5
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 6.55
percent
4.4 4.6 5 7.3 7.5
Consumer Price Index CPI 172.86
Index Points
174 174 172 172 200
Inflation Rate Mom -0.31
percent
0.86 0.54 0.68 0.62 0.63
Food Inflation 5.06
percent
1.5 1.8 2 2.5 3.4
GDP Deflator 239.79
Index Points
242 242 243 243 237
CPI Housing Utilities 173.92
Index Points
176 176 176 176 175
CPI Transportation 165.03
Index Points
165 165 165 165 164
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 9.25
percent
9 9 9 9 8.5
Interbank Rate 1.77
percent
1.93 2 2.05 2.09 2.46
Money Supply M0 49530.00
UYU Million
49306 49253 49192 49129 48630
Money Supply M1 139311.00
UYU Million
138915 138755 138582 138409 137033
Money Supply M2 273594.00
UYU Million
275350 275148 274860 274562 272195
Foreign Exchange Reserves 15733.80
USD Million
15915 15871 15797 15718 15100
Loans to Private Sector 1183.67
USD Thousand
1165 1154 1142 1132 1070
Deposit Interest Rate 5.60
percent
8.12 8.09 8.06 8.02 14.63
Central Bank Balance Sheet 104649.00
UYU Million
99909 98686 97845 97021 88931
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -21430.00
USD Thousand
-56598 -68350 -73529 -75701 -77278
Exports 681007.00
USD Thousand
650957 627776 606202 585987 464074
Imports 702438.00
USD Thousand
688612 682319 678032 673605 641055
Current Account 315.72
USD Million
291 310 244 179 108
Current Account to GDP -0.20
percent
-1.58 -1.21 -0.84 -0.47 -1.26
External Debt 39111.84
USD Million
37574 39329 35964 36567 36153
Capital Flows -176.50
USD Million
162 126 124 26.56 128
Remittances 115.97
USD Million
112 111 110 109 92.23
Tourism Revenues 1089044.35
USD Thousand
1058052 297092 269677 486107 464232
Gold Reserves 0.10
Tonnes
0.1 0.1 0.1 0.1 0.1
Terrorism Index 0.78
0.28 0.33 0.38 0.42 0.02
Tourist Arrivals 722124.00
1334700 777700 671200 899300 857500
Foreign Direct Investment 119.50
USD Million
255 275 285 298 371
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 52.70
percent
55.07 55.85 56.62 57.4 59
Government Budget -3.20
percent of GDP
-2.16 -2.35 -2.53 -2.72 -1.89
Government Budget Value -3351.97
UYU Million
11.06 2655 5100 7371 20643
Government Spending 17551933.00
UYU Thousand
17712508 17502657 17626046 17704660 17511109
Government Revenues 28810.43
UYU Million
28892 28869 28816 28756 28286
Fiscal Expenditure 42578.25
UYU Million
44821 44378 44142 43994 43153
Military Expenditure 980.40
USD Million
962 966 969 972 953
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 0.30
percent
3.19 3.99 3.99 3.89 3.79
Changes in Inventories -583893.41
UYU THO
1301297 947831 594365 240899 2271105
Internet Speed 9505.67
KBps
8962 8568 9178 8989 7757
IP Addresses 959629.00
IP
917025 915157 913574 904379 865071
Steel Production 5.00
Thousand Tonnes
4.8 4.72 4.67 4.63 4.54
Competitiveness Index 4.15
Points
4.18 4.18 4.18 4.18 4.07
Competitiveness Rank 76.00
72 72 72 72 74
Corruption Index 71.00
Points
73 72 71 70 65
Corruption Rank 21.00
22 22 22 22 24
Ease of Doing Business 94.00
93 93 94 95 96
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 133968903.00
UYU Thousand
127914140 128142016 131030432 131410304 129802064
Gasoline Prices 1.75
USD/Liter
1.58 1.58 1.57 1.56 1.49
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 26
Personal Income Tax Rate 30.00
percent
27 27 27 27 21
Sales Tax Rate 22.00
percent
22 22 22 22 22
Social Security Rate 35.75
percent
37 37 37 37 39
Social Security Rate For Companies 12.63
percent
13.23 13.23 13.23 13.23 14.39
Social Security Rate For Employees 23.13
percent
23.61 23.52 23.44 23.35 23.67
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 170.49
mm
110 102 93.2 98.54 103
Temperature 22.85
celsius
22.61 14.31 12.54 19.35 17.59