Uruguay recorded a Government Budget deficit equal to 3.20 percent of the country's Gross Domestic Product in 2024. Government Budget in Uruguay averaged -2.26 percent of GDP from 2000 until 2024, reaching an all time high of -0.40 percent of GDP in 2010 and a record low of -5.10 percent of GDP in 2020. source: Ministerio de Economía y Finanzas, Uruguay
Government Budget in Uruguay is expected to reach -3.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Government Budget is projected to trend around -3.20 percent of GDP in 2026 and -3.10 percent of GDP in 2027, according to our econometric models.