Uruguay Current Account to GDP

Uruguay recorded a Current Account deficit of 5.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Uruguay is reported by the World Bank. From 1980 until 2012, Uruguay Current Account to GDP averaged -1.6 Percent reaching an all time high of 2.9 Percent in December of 2002 and a record low of -6.3 Percent in December of 1980. 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. This page provides - Uruguay Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.30 -2.21 2.85 -6.34 -3.37 | 2014/06 1980 - 2012 Percent Yearly

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Uruguay Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -387040.00 2014-02-15 -419158.00 226696.00 -419158.00 -316693.17 2014-06-30 USD Thousand [+]
Current Account -936.80 2013-11-15 -883.50 200.50 -965.70 -770.13 2014-06-30 USD Million [+]
Current Account to GDP -5.30 2012-12-31 -2.21 2.85 -6.34 -3.37 2014-06-30 Percent [+]
Exports 459741.00 2014-02-15 597307.00 1001651.00 45706.00 925095.54 2014-06-30 USD Thousand [+]
External Debt 22882.10 2013-12-31 22253.51 22882.10 7725.65 24184.48 2014-06-30 USD Million [+]
Imports 846781.00 2014-02-15 1016465.00 1064481.00 119055.00 851215.93 2014-06-30 USD Thousand [+]
Remittances 123.00 2012-12-31 124.00 130.00 42.00 121.77 2014-06-30 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Uruguay Current Account at -936.80 USD Million  
Uruguay recorded a Current Account deficit of 936.80 USD Million in the fourth quarter of 2013. Current Account in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Employed Persons at 60.70 Percent  
The number of employed persons in Uruguay increased to 60.70 percent in February of 2014 from 60.40 percent in January of 2014. Employed Persons in Uruguay is reported by the Instituto Nacional de Estadística, Uruguay.
Uruguay Exports at 459741.00 USD Thousand  
Exports in Uruguay decreased to 459741 USD Thousand in February of 2014 from 597307 USD Thousand in January of 2014. Exports in Uruguay is reported by the Banco Central del Uruguay.
Uruguay GDP Constant Prices at 651239743.00 UYU THO  
GDP Constant Prices in Uruguay increased to 651239743 UYU THO in 2013 from 623813191 UYU THO in 2012. GDP Constant Prices in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Government Budget Value at -10150.97 UYU Million  
Uruguay recorded a government budget deficit of 10150.97 UYU Million in February of 2014. Government Budget Value in Uruguay is reported by the Ministerio De Economua y Finanzas, Uruguay.
Uruguay Government Spending at 66535029.00 UYU THO  
Government Spending in Uruguay increased to 66535029 UYU THO in 2013 from 63853358 UYU THO in 2012. Government Spending in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Gross Fixed Capital Formation at 152258564.00 UYU THO  
Gross Fixed Capital Formation in Uruguay increased to 152258564 UYU THO in 2013 from 143357202 UYU THO in 2012. Gross Fixed Capital Formation in Uruguay is reported by the Banco Central del Uruguay.
Uruguay New Housing Construction Index at 170.77 Index Points  
Housing Index in Uruguay decreased to 170.77 Index Points in the fourth quarter of 2012 from 193.76 Index Points in the second quarter of 2012. Housing Index in Uruguay is reported by the Instituto Nacional de Estadística, Uruguay.
Uruguay Imports at 846781.00 USD Thousand  
Imports in Uruguay decreased to 846781 USD Thousand in February of 2014 from 1016465 USD Thousand in January of 2014. Imports in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Six Month Interbank Rate at 0.33 Percent  
Interbank Rate in Uruguay remained unchanged at 0.33 percent in March of 2014 from 0.33 percent in February of 2014. Interbank Rate in Uruguay is reported by the Banco Central del Uruguay.
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