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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.20 1.4 1.4 1.2 1.2 1.3 percent
Unemployment Rate 7.77 7.9 8 7.7 8.2 8.7 percent
Inflation Rate 8.31 8.1 7.5 7.4 7.3 7 percent
Interest Rate 9.25 9.25 9.25 9.25 9.25 9.25 percent
Balance of Trade -117604.00 -112025 -82154 -66850 -77337 -77759 USD Thousand
Government Debt to GDP 50.60 54 54 60 60 57 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 33.15
31.96 32.16 32.35 32.55 33.35
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.20
percent
1.4 1.4 1.2 1.2 1.3
GDP Annual Growth Rate 2.50
percent
2.9 3 3.1 3.2 3.3
GDP 56.16
USD Billion
60 60 65 65 69
GDP Constant Prices 173721608.00
UYU Thousand
175947522 189268513 181961973 179280699 201770834
Gross Fixed Capital Formation 29240194.20
UYU Thousand
28290168 31464777 28389413 30175880 33543215
GDP per capita 14362.60
USD
14700 14700 15000 15000 15400
GDP per capita PPP 20551.40
USD
20900 20900 21400 21400 21900
GDP From Agriculture 9247009.00
UYU Thousand
9795436 12610614 10429108 9542913 13443621
GDP From Construction 7622727.00
UYU Thousand
8028893 8631649 7809028 7866654 9201821
GDP From Manufacturing 22617119.00
UYU Thousand
21887900 24687207 22556470 23340867 26317945
GDP From Services 22846693.00
UYU Thousand
23986027 26303952 24570565 23577787 28041485
GDP From Transport 35172753.00
UYU Thousand
34387542 35451309 36175589 36298281 37793081
GDP From Utilities 4170768.00
UYU Thousand
4449963 3428156 4605713 4304233 3654606
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.77
percent
7.9 8 7.7 8.2 8.7
Employment Rate 56.54
percent
56.86 56.84 56.84 56.84 56.84
Wages 25950.00
UYU/Month
27500 27500 28000 27503 28500
Wages in Manufacturing 295.99
Index Points
280 280 281 316 289
Population 3.49
million
3.5 3.5 3.52 3.52 3.54
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 8.31
percent
8.1 7.5 7.4 7.3 7
Consumer Price Index CPI 185.31
Index Points
186 186 193 196 213
Producer Prices 192.76
Index Points
193 195 197 199 221
Producer Prices Change 13.12
percent
13.97 14.22 14.53 14.51 14.55
Inflation Rate Mom 0.67
percent
0.49 0.67 0.61 0.64 0.63
Food Inflation 10.70
percent
8 9.5 9 9 5.4
GDP Deflator 254.52
Index Points
256 260 262 265 294
CPI Housing Utilities 192.89
Index Points
198 187 204 206 215
CPI Transportation 177.20
Index Points
177 177 182 188 204
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.25
percent
9.25 9.25 9.25 9.25 9.25
Interbank Rate 2.52
percent
2.52 2.52 2.52 2.52 2.52
Money Supply M0 52244.00
UYU Million
52295 52020 51967 51954 51954
Money Supply M1 143764.00
UYU Million
143513 143426 143468 143467 143468
Money Supply M2 291573.00
UYU Million
294940 294705 294592 294554 294540
Foreign Exchange Reserves 17376.40
USD Million
17188 17105 17095 17094 17094
Loans to Private Sector 1189.42
USD Thousand
1189 1189 1189 1189 1189
Deposit Interest Rate 5.10
percent
5.1 5.1 5.1 5.1 5.1
Central Bank Balance Sheet 103914.00
UYU Million
100325 100595 100758 100774 100771
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -117604.00
USD Thousand
-112025 -82154 -66850 -77337 -77759
Exports 600352.00
USD Thousand
604451 621597 639347 629475 629046
Imports 717956.00
USD Thousand
716476 708504 706197 706812 706805
Current Account 418.00
USD Million
160 -120 380 300 140
Current Account to GDP 0.50
percent
-1.21 -0.41 -0.87 -1.36 -1
External Debt 38726.40
USD Million
37917 37966 37935 37948 37968
Capital Flows 858.60
USD Million
400 -390 700 520 270
Remittances 115.97
USD Million
115 115 114 113 107
Tourism Revenues 1089044.35
USD Thousand
527233 527233 527233 527233 527233
Gold Reserves 0.10
Tonnes
0.1 0.1 0.09 0.09 0.1
Terrorism Index 0.78
0.38 0.42 0.38 0.34 0.09
Tourist Arrivals 1531746.00
998600 997500 997500 997500 997500
Foreign Direct Investment -51.60
USD Million
20.04 9.54 -15.79 -20.73 -26
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.60
percent
54 54 60 60 57
Government Budget -3.00
percent of GDP
-3.1 -3.1 -2.9 -2.9 -3.1
Government Budget Value -3061.54
UYU Million
-19413 -19561 -17954 -19236 -18498
Government Spending 18009625.66
UYU Thousand
18052451 18675439 18977718 18585934 19909064
Government Revenues 30566.54
UYU Million
32552 32259 32111 32113 32124
Fiscal Expenditure 47428.69
UYU Million
51966 52506 50065 51349 50622
Military Expenditure 1112.80
USD Million
1048 1065 1080 1096 1155
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 20.50
percent
22 16 19 24 23
Changes in Inventories -709439.18
UYU THO
-627386 -445552 -397666 -349779 1336042
Internet Speed 9505.67
KBps
9496 9493 9495 9494 9494
IP Addresses 959629.00
IP
942405 932885 947954 935323 939981
Steel Production 5.00
Thousand Tonnes
5.1 5.12 5.12 5.12 5.12
Competitiveness Index 4.15
Points
4.18 4.18 4.11 4.09 4.07
Competitiveness Rank 76.00
73 73 76 77 77
Corruption Index 70.00
Points
71 70 70 70 67
Corruption Rank 23.00
22 23 23 23 23
Ease of Doing Business 94.00
97 100 100 100 97
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 130882104.70
UYU Thousand
135542724 140582808 131199948 135070332 149869146
Gasoline Prices 1.72
USD/Liter
1.75 1.66 1.56 1.48 1.17
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 36.00
percent
36 36 36 36 36
Sales Tax Rate 22.00
percent
22 22 22 22 22
Social Security Rate 35.76
percent
35.76 35.76 36 36 36
Social Security Rate For Companies 12.63
percent
12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees 23.13
percent
23.13 23.13 23.13 23.13 23.13
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 170.49
mm
93.2 98.54 110 111 103
Temperature 22.85
celsius
12.54 19.35 22.66 15.54 17.59