Markets Actual Q3 Q4 Q1 Q2 2023
Currency 40.23 40.2 40.66 41.13 41.59 42.55

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.30 4.8 1.5 1.6 2.1 2.5
Unemployment Rate (%) 8.10 7.2 7 7 7 7
Inflation Rate (%) 9.29 7.5 6.6 6 5.3 6
Interest Rate (%) 9.75 10.25 10.75 10.5 10.25 9.25
Balance of Trade (USD Thousand) 328172.00 138934 11429 -52095 58284 -832
Current Account (USD Million) -596.80 -185 -444 -199 -99 -450
Current Account to GDP (% of GDP) -0.60 -0.2 -0.2 -0.2 -0.2 0.9
Government Debt to GDP (% of GDP) 73.00 66 67 67 67 67
Government Budget (% of GDP) -5.10 -3 -3 -3 -3 -1
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.30 4.8 1.5 1.6 2.1 2.5
GDP (USD Billion) 59.32 56.7 59 59 59 59
GDP Constant Prices (UYU Thousand) 444308.00 439871 449386 476264 451417 488171
Gross Fixed Capital Formation (UYU Thousand) 69887.43 82227 74729 101587 71006 104127
GDP per capita (USD) 15002.65 13900 13900 13900 13900 14200
GDP per capita PPP (USD) 24625.45 22600 22600 22600 22600 23000
GDP From Agriculture (UYU Thousand) 32984.00 32728 25760 33479 33512 34316
GDP From Construction (UYU Thousand) 19937.00 20855 20049 25356 20256 25990
GDP From Manufacturing (UYU Thousand) 43840.00 49944 49352 50764 44541 52033
GDP From Services (UYU Thousand) 57736.00 61899 61599 60864 58660 62386
GDP From Transport (UYU Thousand) 40431.00 42610 42538 43590 41078 44680
GDP From Utilities (UYU Thousand) 11894.00 12256 13433 12275 12084 12582

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 8.10 7.2 7 7 7 7
Employment Rate (%) 56.70 55 56.3 56.3 56.3 56.3
Wages (UYU/Month) 34874.00 38000 39000 39000 39000 39000
Wages in Manufacturing (points) 389.81 289 289 289 289 289
Population (million) 3.54 3.56 3.56 3.57 3.57 3.57

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 9.29 7.5 6.6 6 5.3 6
Consumer Price Index CPI (points) 254.30 255 256 265 268 271
Inflation Rate Mom (%) 0.59 0.65 0.6 0.6 0.6 0.6
Producer Prices Change (%) 14.25 14 14 14 14 13
Food Inflation (%) 10.85 12 10 8 7 7
CPI Housing Utilities (points) 252.64 256 245 262 266 260
CPI Transportation (points) 246.98 249 250 252 253 255

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 9.75 10.25 10.75 10.5 10.25 9.25
Interbank Rate (%) 2.58 3.58 4.08 3.83 3.58 3.58
Deposit Interest Rate (%) 4.80 4.8 5.8 6.3 6.05 5.05

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Thousand) 328172.00 138934 11429 -52095 58284 -832
Current Account (USD Million) -596.80 -185 -444 -199 -99 -450
Current Account to GDP (% of GDP) -0.60 -0.2 -0.2 -0.2 -0.2 0.9
Imports (USD Thousand) 1026023.00 918730 925597 939331 946198 959932
Exports (USD Thousand) 1354195.00 1057664 937026 887236 1004482 959100
Capital Flows (USD Million) 775.00 -270 -270 -270 -270 -270
Tourism Revenues (USD Thousand) 105773.31 120000 130000 140000 140000 140000
Foreign Direct Investment (USD Million) -1153.00 -200 -100 -100 350 250
Tourist Arrivals 139374.00 130000 1400000 150000 150000 150000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 73.00 66 67 67 67 67
Government Budget (% of GDP) -5.10 -3 -3 -3 -3 -1
Government Budget Value (UYU Million) 3649.17 -10333 -10658 -10984 -11309 -11960
Government Spending (UYU Thousand) 76911.44 76310 79320 77886 78142 79834
Military Expenditure (USD Million) 1260.00 1160 1160 1160 1160 1160

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 36.00 36 36 36 36 36
Sales Tax Rate (%) 22.00 22 22 22 22 22
Social Security Rate (%) 35.73 35.73 35.73 35.73 35.73 35.73
Social Security Rate For Companies (%) 12.63 12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees (%) 23.10 23.1 23.1 23.1 23.1 23.1

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) 3.90 -5.5 -9.1 4 5.2 4

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (UYU Thousand) 281676.47 266861 282887 287723 286183 294916
Gasoline Prices (USD/Liter) 2.04 2.11 2.19 2.27 2.35 2.35


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Uruguay Forecast - was last updated on Thursday, July 7, 2022.