Uruguay GDP Annual Growth Rate

Uruguay's economy advanced 2.5 percent year-on-year in the second quarter of 2018, following a 2.2 percent rise in the previous period. It was the fastest expansion since the second quarter of 2017. Main contributions to growth came from manufacturing (6.8% vs 2.8% in Q1) and construction (2.5% vs 1.3%), as retail trade and restaurants & hotels (2.3% vs 4.3%) and transport, storage and communications (4.5% vs 6.7%) lost steam. Also, agriculture contracted (-2.1% vs -5.3%). On the expenditure side, government spending (1.5% vs -0.1%) and fixed investment (0.8% vs -2.5%) rebounded while household consumption eased (2.5% vs 2.8%). Meantime, net trade contributed negatively to growth, as exports fell 6.7 percent (vs 4.2 percent in Q1) whereas imports surged 5.6 percent (vs 3.7 percent). On a seasonally adjusted quarterly basis, the GDP expanded 0.2 percent, after a downwardly revised 1.0 percent growth in the first quarter of 2018. GDP Annual Growth Rate in Uruguay averaged 2.69 percent from 1998 until 2018, reaching an all time high of 10.50 percent in the second quarter of 2010 and a record low of -9.30 percent in the third quarter of 2002.

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Calendar	GMT		Actual	Previous	TEForecast
2018-03-23	03:00 PM	GDP Growth Rate YoY	2.0%	1.9%	2%
2018-06-18	10:05 PM	GDP Growth Rate YoY	2.2%	2.0%	2.4%
2018-09-14	04:00 PM	GDP Growth Rate YoY	2.5%	2.2%	2.6%
2018-12-18	05:30 PM	GDP Growth Rate YoY		2.5%	2.9%

Uruguay GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.20	1.00	9.60	-5.90	percent	[+]
GDP Annual Growth Rate	2.50	2.20	10.50	-9.30	percent	[+]
GDP	56.16	52.69	57.53	1.24	USD Billion	[+]
GDP Constant Prices	173721608.00	176490759.00	183755838.00	101173891.00	UYU Thousand	[+]
Gross Fixed Capital Formation	29240194.20	27535803.15	40444137.11	14555321.03	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	9247009.00	10115527.00	13081411.97	7382579.83	UYU Thousand	[+]
GDP From Construction	7622727.00	7574227.00	9618734.11	4919633.86	UYU Thousand	[+]
GDP From Manufacturing	22617119.00	21878244.00	24063554.45	14278406.57	UYU Thousand	[+]
GDP From Services	22846693.00	23831780.00	26257645.00	12796459.00	UYU Thousand	[+]
GDP From Transport	35172753.00	35087865.00	35172753.00	8644314.42	UYU Thousand	[+]
GDP From Utilities	4170768.00	4467229.00	4813852.00	399763.00	UYU Thousand	[+]

The biggest sector of Uruguay´s economy is services. Financing, real estate, business, public and personal services, education and health; trade, repairs, restaurants and hotels and transport, communication and warehousing account for 55 percent of the GDP. Industry and mining create 26 percent of the wealth and construction and water, electricity and gas distribution 12 percent. Agriculture, hunting, forestry and fishing account for the remaining 7 percent of GDP. This page provides the latest reported value for - Uruguay GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.50	2.20	10.50	-9.30	1998 - 2018	percent	Quarterly	NSA, 2005=100

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly