The Gross Domestic Product (GDP) in Uruguay contracted 0.10 percent in the fourth quarter of 2018 over the previous quarter. GDP Growth Rate in Uruguay averaged 0.70 percent from 1997 until 2018, reaching an all time high of 9.60 percent in the second quarter of 1997 and a record low of -5.90 percent in the third quarter of 2002.

GDP Growth Rate in Uruguay is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Uruguay to stand at 1.20 in 12 months time. In the long-term, the Uruguay GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Uruguay GDP Growth Rate
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Uruguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 -0.10 9.60 -5.90 percent [+]
GDP Annual Growth Rate 0.60 1.80 10.50 -9.30 percent [+]
GDP 56.16 52.69 57.53 1.24 USD Billion [+]
GDP Constant Prices 184176642.00 176482440.00 184176642.00 100499529.00 UYU Thousand [+]
Gross Fixed Capital Formation 29704115.70 28081804.74 40521098.62 14555321.07 UYU Thousand [+]
GDP per capita 14362.60 14042.60 14362.60 5248.80 USD [+]
GDP per capita PPP 20551.40 20093.60 20551.40 9840.70 USD [+]
GDP From Agriculture 12304214.26 10426141.68 13085326.42 7382498.05 UYU Thousand [+]
GDP From Construction 8478156.00 7954146.00 9622465.00 5011317.00 UYU Thousand [+]
GDP From Manufacturing 23012753.00 22368577.00 24134912.00 13963944.00 UYU Thousand [+]
GDP From Services 23604749.00 22762884.00 26176332.00 12796459.00 UYU Thousand [+]
GDP From Transport 37597219.00 36239612.00 37597219.00 8622185.00 UYU Thousand [+]
GDP From Utilities 4222572.00 4510947.00 4813850.00 399763.00 UYU Thousand [+]


Uruguay GDP Growth Rate

In the last decade, Uruguay has been one of the fastest growing economies in Latin America. After the 2002 crisis, the country has returned to high growth rates, expanding on average 1.3 percent from 2005 to 2012 on a quarter over quarter basis. Uruguay has an export-oriented agricultural sector. Shipments of meat, vegetables, rice and dairy products account for 52 percent of total exports. Nevertheless, in order to keep the current pace of growth the country needs to diversify its economy and reduce the debt burden. This page provides the latest reported value for - Uruguay GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.10 9.60 -5.90 1997 - 2018 percent Quarterly




Country Last Previous
United States 3.20 Mar/19
Singapore 2.00 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Dec/18
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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