Markets Actual Q3 Q4 Q1 Q2 2022
Currency 42.84 42.83 42.97 43.11 43.26 43.54

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 7.80 0.8 0.7 0.7 0.7 1.1
GDP Annual Growth Rate (%) -2.80 4 3 2.7 3 3.1
Unemployment Rate (%) 10.40 9 10 9.5 9.5 9
Inflation Rate (%) 7.59 8 7.5 7 6.5 6.6
Interest Rate (%) 5.00 5 5 5 5.25 5.25
Balance of Trade (USD Thousand) 76429.00 59000 -114811 45000 45000 -25000
Current Account (USD Million) -534.30 -450 -520 58 -150 -150
Current Account to GDP (% of GDP) -0.60 -2.7 -2.7 -2.7 -2.7 -2.5
Government Debt to GDP (% of GDP) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -4 -4 -4 -4 -3.5
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 2022
GDP Growth Rate (%) 7.80 0.8 0.7 0.7 0.7 1.1
GDP Annual Growth Rate (%) -2.80 4 3 2.7 3 3.1
GDP (USD Billion) 53.63 56.7 56.7 56.7 56.7 59
GDP Constant Prices (UYU Thousand) 417004.00 420155 456395 428263 429514 470543
Gross Fixed Capital Formation (UYU Thousand) 66171.92 61650 32711237 92518 67959 95386
GDP per capita (USD) 13430.72 14450 14450 14450 14450 14600
GDP per capita PPP (USD) 21608.43 21400 21400 21400 21400 21600
GDP From Agriculture (UYU Thousand) 27980.00 33995 11308714 35502 35399 36603
GDP From Construction (UYU Thousand) 19194.00 17389 9336449 34552 19712 35624
GDP From Manufacturing (UYU Thousand) 42278.00 44979 25342469 68427 43420 70548
GDP From Services (UYU Thousand) 53562.00 48497 25994396 80445 55008 82939
GDP From Transport (UYU Thousand) 36010.00 49401 41403405 51631 36982 53231
GDP From Utilities (UYU Thousand) 11641.00 12971 4650048 13939 11955 14371

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 10.40 9 10 9.5 9.5 9
Employment Rate (%) 54.70 53.1 55 55 55 56.3
Wages (UYU/Month) 34874.00 38000 38000 38000 38000 39000
Wages in Manufacturing (points) 368.87 289 289 289 289 289
Population (million) 3.53 3.54 3.54 3.54 3.54 3.55

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 7.59 8 7.5 7 6.5 6.6
Consumer Price Index CPI (points) 235.82 238 239 245 248 255
Inflation Rate Mom (%) 0.85 0.5 0.5 0.5 0.5 0.5
Producer Prices Change (%) 19.49 11 11 11 11 11
Food Inflation (%) 6.65 10 7 5 5 4.5
CPI Housing Utilities (points) 237.69 240 229 248 251 244
CPI Transportation (points) 223.81 218 222 225 232 237

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 5.00 5 5 5 5.25 5.25
Interbank Rate (%) 0.15 0.16 0.16 0.16 0.41 0.41
Deposit Interest Rate (%) 4.80 4.8 4.8 4.8 5.05 5.05

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Thousand) 76429.00 59000 -114811 45000 45000 -25000
Current Account (USD Million) -534.30 -450 -520 58 -150 -150
Current Account to GDP (% of GDP) -0.60 -2.7 -2.7 -2.7 -2.7 -2.5
Imports (USD Thousand) 854565.00 620000 640000 640000 640000 715000
Exports (USD Thousand) 930944.00 679000 685000 685000 685000 690000
Capital Flows (USD Million) 399.80 -380 -270 -270 -270 -270
Tourism Revenues (USD Thousand) 674928.47 310000 345000 345000 345000 405000
Foreign Direct Investment (USD Million) -634.90 180 250 250 250 250
Tourist Arrivals 1000908.00 660000 680000 680000 680000 790000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 73.00 66 66 66 66 67
Government Budget (% of GDP) -5.10 -4 -4 -4 -4 -3.5
Government Budget Value (UYU Million) -10577.66 -16860 -16735 -16735 -16735 -16735
Government Spending (UYU Thousand) 74635.52 66386 20393928 72811 76651 75068
Military Expenditure (USD Million) 1260.00 1160 1160 1160 1160 1160

Taxes Actual Q3 Q4 Q1 Q2 2022
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 (%) 35.76 35.76 35.76 35.76 35.76 35.76
Social Security Rate For Companies (%) 12.63 12.63 12.63 12.63 12.63 12.63
Social Security Rate For Employees (%) 23.10 23.13 23.13 23.13 23.13 23.13

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 18.70 6.5 5 5 3 4

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (UYU Thousand) 268287.78 261793 149743162 280529 275532 289225
Gasoline Prices (USD/Liter) 1.67 1.59 1.51 1.43 1.36 1.29


This page has economic forecasts for Uruguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uruguay economy.