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.

GDP Annual Growth Rate in Uruguay is expected to be 2.90 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 3.20 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2017-12-14 09:15 PM GDP Growth Rate YoY 2.2% 2.8% 2.5%
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%
2019-03-22 03:00 PM GDP Growth Rate YoY 3%
2019-06-18 10:05 PM GDP Growth Rate YoY 3.10%


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 [+]


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 December of 2018.

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




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


Related

Latest