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Uruguay

Headline economic indicators for Uruguay, with the most recent official readings.

Prices

Prices — Uruguay
Indicator Value Change
Inflation rate · 4.7% -0.20 (-4.1%)
Consumer price index · 304.1 +13.52 (+4.7%)
GDP deflator inflation · 4.3% +0.15 (+3.5%)

GDP

GDP — Uruguay
Indicator Value Change
GDP growth rate · 1.8% -1.54 (-46.3%)
GDP per capita · 25,215.82 +907.33 (+3.7%)
GDP per capita, long-run history · 20,182 +959.64 (+5.0%)
GDP · 85,347,696,277.69 +3,024,837,133 (+3.7%)
GDP, PPP · 129,683,935,279 +5,745,703,254 (+4.6%)
GDP per capita, PPP · 38,315 +1,718 (+4.7%)
GDP per capita growth · 1.8% -1.53 (-45.4%)
GNI per capita · 24,020 +2,020 (+9.2%)
Agriculture to GDP · 6.4% +0.00 (+0.0%)
Industry to GDP · 16.9% -0.28 (-1.6%)
Manufacturing to GDP · 10.0% -0.06 (-0.6%)
Services to GDP · 65.2% +0.11 (+0.2%)
Household consumption to GDP · 66.8% -0.27 (-0.4%)
Gross capital formation to GDP · 16.2% +0.26 (+1.6%)
Gross savings to GDP · 15.5% +0.46 (+3.1%)

Labour

Labour — Uruguay
Indicator Value Change
Unemployment rate · 7.5% -0.69 (-8.4%)
Labour force participation rate · 65.0% -0.03 (-0.0%)
Female labour force participation rate · 57.3% -0.01 (-0.0%)
Youth unemployment rate · 25.1% -1.55 (-5.8%)
Employment to population ratio · 60.1% +0.42 (+0.7%)
Employment in agriculture · 8.1% -0.24 (-2.9%)
Employment in industry · 18.8% +0.01 (+0.0%)
Employment in services · 73.2% +0.23 (+0.3%)

Money

Money — Uruguay
Indicator Value Change
Real interest rate · 5.5% -0.00 (-0.0%)
Broad money to GDP · 51.5% -2.75 (-5.1%)
Private sector credit to GDP · 30.8% +0.19 (+0.6%)
Lending rate · 10.1% +0.15 (+1.6%)
Bank deposit rate · 7.3% -0.01 (-0.1%)
Stock market capitalization to GDP · 1.4% -5.36 (-79.5%)
Bank nonperforming loans · 1.5% -0.13 (-7.8%)
Official exchange rate · 41.19 +0.98 (+2.4%)

Trade

Trade — Uruguay
Indicator Value Change
Current account to GDP · -0.5% +0.28 (+36.8%)
Exports to GDP · 27.1% -1.16 (-4.1%)
Imports to GDP · 22.6% -0.58 (-2.5%)
Trade to GDP · 49.7% -1.74 (-3.4%)
Exports of goods and services · 23,104,847,902.79 -138,930,252 (-0.6%)
Imports of goods and services · 19,327,594,037.2 +209,491,131 (+1.1%)
Trade balance, goods and services (annual) · 3,985,409,698.61 -227,002,062 (-5.4%)
Current account balance (annual) · -408,464,281.53 +214,694,783 (+34.5%)
Foreign direct investment to GDP · 2.3% +7.07 (+147.6%)
Remittances received to GDP · 0.2% +0.01 (+6.3%)
Total reserves, including gold · 18,987,045,163.68 +1,609,346,220 (+9.3%)
Reserves in months of imports · 8.6 +0.91 (+11.8%)

Government

Government — Uruguay
Indicator Value Change
Government debt to GDP · 65.3% +3.90 (+6.3%)
Government revenue to GDP · 30.6% +0.24 (+0.8%)
Government expense to GDP · 36.5% +0.49 (+1.4%)
Tax revenue to GDP · 17.9% -0.51 (-2.8%)
Government budget balance to GDP · -3.1% -1.63 (-107.9%)
Government consumption to GDP · 17.6% +0.22 (+1.3%)
Education spending to GDP · 4.8% +0.29 (+6.4%)
Health spending to GDP · 9.0% +0.13 (+1.4%)

Demography

Demography — Uruguay
Indicator Value Change
Population · 3,384,688 -1,900 (-0.1%)
Population, long-run history · 3,422 -3.47 (-0.1%)
Population growth · -0.1% -0.01 (-27.3%)
Life expectancy · 78.3 +0.15 (+0.2%)
Fertility rate · 1.40 -0.01 (-0.9%)
Birth rate · 9.8 -0.07 (-0.7%)
Death rate · 9.9 +0.15 (+1.5%)
Urban population share · 95.7% +0.06 (+0.1%)
Population aged 65 and over · 16.3% +0.24 (+1.5%)
Under-five mortality rate · 7.4 +0.00 (+0.0%)
Population density · 19.4 -0.01 (-0.0%)
Net migration · -1,338 +10.00 (+0.7%)
Gini index · 40.0 -0.90 (-2.2%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Uruguay

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