Uruguay recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2020. source: Ministerio de Economía y Finanzas, Uruguay

Current Account to GDP in Uruguay averaged -1.43 percent from 1980 until 2020, reaching an all time high of 2.80 percent in 2002 and a record low of -6.34 percent in 1980. This page provides the latest reported value for - Uruguay Current Account to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Uruguay is expected to reach -2.70 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Current Account to GDP is projected to trend around -2.50 percent in 2022, according to our econometric models.

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Uruguay Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 1.30 2.80 -6.34 1980 - 2020 percent of GDP Yearly

Uruguay Trade Last Previous Highest Lowest Unit
Balance of Trade 76429.00 106832.00 226197.00 -423348.00 USD Thousand [+]
Current Account -534.30 -302.70 494.50 -871.20 USD Million [+]
Current Account to GDP -0.60 1.30 2.80 -6.34 percent of GDP [+]
Imports 854565.00 739612.00 1064782.00 119055.00 USD Thousand [+]
Exports 930944.00 846444.00 1093747.00 45706.00 USD Thousand [+]
External Debt 46547.35 46097.51 46668.20 7725.65 USD Million [+]
Capital Flows 399.80 161.10 2844.90 -1797.40 USD Million [+]
Tourism Revenues 674928.47 393614.92 1092908.98 40721.01 USD Thousand [+]
Gold Reserves 0.09 0.10 56.73 0.09 Tonnes [+]
Foreign Direct Investment -634.90 -436.70 752.60 -770.90 USD Million [+]
Tourist Arrivals 1000908.00 864300.00 1531746.00 233156.00 [+]
Terrorism Index 0.09 0.17 1.19 0.00 [+]

Uruguay Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.