The economy of Uruguay grew 0.1 percent year-on-year in the second quarter of 2019, following an upwardly revised 0.3 percent contraction in the previous period. Agriculture, livestock, hunting and forestry activities expanded 0.9 percent, after shrinking 0.5 percent in the first three months of the year. Also, output increased further in transport & communications (5.5 percent vs 5.1 percent in Q1); and financial intermediation services (3.4 percent vs 3 percent). Additionally, output shrank less in manufacturing (-1.9 percent vs -2.6 percent); and trade, repairs, restaurants & hotels (-2.6 percent vs -5.9 percent). Meanwhile, the construction sector contracted 4.7 percent, faster than a 3.5 percent decline in the prior quarter and utilities output growth slowed (3.5 percent vs 12.5 percent). On a quarterly basis, the economy advanced 0.3 percent, rebounding from a 0.1 percent contraction in the first quarter of 2019. GDP Annual Growth Rate in Uruguay averaged 2.58 percent from 1998 until 2019, 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.

GDP Annual Growth Rate in Uruguay is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Uruguay to stand at 2.00 in 12 months time. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Uruguay GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-18 03:00 PM GDP Growth Rate YoY Q3 2.1% 2.6% 2.3%
2019-03-29 09:30 PM GDP Growth Rate YoY Q4 0.6% 1.8% 2.7%
2019-06-18 10:05 PM GDP Growth Rate YoY Q1 -0.2% 0.6% 0.8%
2019-09-17 09:00 PM GDP Growth Rate YoY Q2 0.1% -0.3% 0.1%
2019-12-12 10:00 PM GDP Growth Rate YoY Q3 0.1% 0.7%


Uruguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 -0.10 8.80 -5.60 percent [+]
GDP Annual Growth Rate 0.10 -0.30 10.50 -9.30 percent [+]
GDP 59.60 56.49 59.60 1.24 USD Billion [+]
GDP Constant Prices 173408184.00 176128119.00 184176642.00 100499529.00 UYU Thousand [+]
Gross Fixed Capital Formation 27343791.54 26190863.95 40507924.70 14555321.07 UYU Thousand [+]
GDP per capita 14617.50 14437.40 14617.50 5248.90 USD [+]
GDP per capita PPP 20916.20 20658.50 20916.20 9841.90 USD [+]
GDP From Agriculture 9352730.49 10240401.96 13085326.42 7382498.05 UYU Thousand [+]
GDP From Construction 7176233.00 7129309.00 9622465.00 5011317.00 UYU Thousand [+]
GDP From Manufacturing 22061084.00 21248963.00 24134912.00 13963944.00 UYU Thousand [+]
GDP From Services 21581576.00 22105410.00 26176332.00 12796459.00 UYU Thousand [+]
GDP From Transport 37618740.00 37509221.00 37618740.00 8622185.00 UYU Thousand [+]
GDP From Utilities 4313240.00 4831221.00 4831221.00 399763.00 UYU Thousand [+]


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. 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.30 10.50 -9.30 1998 - 2019 percent Quarterly
NSA, 2005=100




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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