Uruguay’s GDP declined 0.5% year over year in the second quarter of 2026. The agriculture, fisheries and mining sectors contracted 22.2%, reflecting a poor soybean yield in the 2025/2026 harvest season due to drought, as well as a challenging comparison with the previous season, which ended with a historically high yield. Manufacturing grew 1.9%, driven by stronger cellulose pulp production. Trade, accommodation, and food and beverage services increased 2.8%, supported by the performance of the trade sector. Construction grew 4.2%, driven by increased investment in both nonresidential buildings and other construction projects. source: Banco Central del Uruguay

The Gross Domestic Product (GDP) in Uruguay contracted 0.50 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Uruguay averaged 2.21 percent from 1998 until 2026, reaching an all time high of 11.80 percent in the second quarter of 2021 and a record low of -14.50 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Uruguay contracted 0.50 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual 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. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 2.30 percent in 2027 and 2.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 09:00 PM
GDP Growth Rate YoY
Q1 0.9% 0.1% 0.9%
2026-09-15 08:10 PM
GDP Growth Rate YoY
Q2 -0.5% 0.9% 0.7%
2026-12-11 06:00 PM
GDP Growth Rate YoY
Q3 -0.5% 1.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY -0.50 0.90 percent Jun 2026
GDP Constant Prices 490183.50 478305.20 UYU Thousand Jun 2026
GDP from Agriculture 30101.00 27785.00 UYU Thousand Jun 2026
GDP from Construction 20673.00 18362.00 UYU Thousand Jun 2026
GDP from Manufacturing 53387.00 51226.00 UYU Thousand Jun 2026
GDP from Services 63124.00 64619.00 UYU Thousand Jun 2026
GDP from Transport 47649.00 45137.00 UYU Thousand Jun 2026
GDP from Utilities 12907.00 13638.00 UYU Thousand Jun 2026
Gross Fixed Capital Formation 80017.60 73448.80 UYU Thousand Jun 2026


Uruguay GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.90 11.80 -14.50 1998 - 2026 percent Quarterly
NSA, 2016=100

News Stream
Uruguay Economy Shrinks in Q2 2026
Uruguay’s GDP declined 0.5% year over year in the second quarter of 2026. The agriculture, fisheries and mining sectors contracted 22.2%, reflecting a poor soybean yield in the 2025/2026 harvest season due to drought, as well as a challenging comparison with the previous season, which ended with a historically high yield. Manufacturing grew 1.9%, driven by stronger cellulose pulp production. Trade, accommodation, and food and beverage services increased 2.8%, supported by the performance of the trade sector. Construction grew 4.2%, driven by increased investment in both nonresidential buildings and other construction projects.
2026-09-15
Uruguay GDP Growth Accelerates in Q1
Uruguay’s GDP grew 0.9% year-on-year in the first quarter of 2026, accelerating from a 0.1% increase in the previous quarter. Nine of the twelve major sectors recorded growth. Financial services posted the strongest expansion, rising 3.1%, followed by transport and warehousing and information and communications (2.2%), commerce, restaurants and food services (1.4%), and manufacturing (1.3%). In contrast, agriculture, fishing and mining contracted 3.7%, while construction fell 3.4% and public administration activities declined 0.8%.
2026-06-15
Uruguay GDP Expands at Softer Pace in Third Quarter
Uruguay’s GDP expanded 1.2% year-on-year in Q3 2025, easing from a 2.2% growth in the previous quarter as activity softened across several key sectors. On the positive side, trade, accommodation, and food and beverage services rose 5.4%, while financial services grew 3.0%. Health, education, real estate activities, and other services also contributed, with a combined increase of 0.8%. In contrast, manufacturing contracted 2.1%, construction declined 3.1%, and agriculture, fishing, and mining edged down 0.2%, weighing on overall growth. Gross value added increased 0.8%, while net taxes on products rose a solid 4.3%.
2025-12-16