Uruguay | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 0.4 0.5 0.6 0.3 1 percent [+]
Unemployment Rate 8.10 7.9 7.5 8.3 8.4 8.7 percent [+]
Inflation Rate 7.10 9.7 9.8 10 10.2 8.5 percent [+]
Interest Rate 9.25 9.25 9.25 9.5 9.5 8.5 percent [+]
Balance of Trade -36256.00 -68719 -72515 -72408 -72251 -72244 USD Thousand [+]
Government Debt to GDP 47.80 45.15 46.55 47.95 49.35 49.38 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 28.06 28.46 28.74 29.03 29.59 33.82 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 0.4 0.5 0.6 0.3 1 percent [+]
GDP Annual Growth Rate 3.40 1.4 1.4 1.5 1.6 2.4 percent [+]
GDP 53.44 55 55 55 55 66 USD Billion [+]
GDP Constant Prices 180308664.00 170394316 169587178 174255555 182915757 188366688 UYU Thousand [+]
Gross Fixed Capital Formation 35068984.00 31771527 38395519 33956444 35634095 34941522 UYU Thousand [+]
GDP per capita 13943.90 14195 14137 14195 14195 15202 USD [+]
GDP per capita PPP 19952.25 20295 20268 20242 20216 21554 USD [+]
GDP From Agriculture 10085215.00 7144931 6223955 6937950 6757282 5417032 UYU Thousand [+]
GDP From Construction 8532040.00 7386473 8045265 7739712 8310086 8085992 UYU Thousand [+]
GDP From Manufacturing 24054923.00 22515304 22769173 23237421 23966393 23582681 UYU Thousand [+]
GDP From Services 24575819.00 22485983 22130663 23178657 24710791 24623024 UYU Thousand [+]
GDP From Transport 31934257.00 32279054 32961609 33374815 34535799 40515892 UYU Thousand [+]
GDP From Utilities 3876915.00 3762971 3727145 3890455 3908653 3855663 UYU Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.10 7.9 7.5 8.3 8.4 8.7 percent [+]
Employment Rate 57.34 58 57.95 57.95 57.95 57.95 percent [+]
Wages 16609.78 16268 16906 17545 18184 28617 UYU/Month [+]
Wages in Manufacturing 264.38 266 272 278 284 353 Index Points [+]
Population 3.48 3.48 3.48 3.48 3.48 3.51 million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 7.10 9.7 9.8 10 10.2 8.5 percent [+]
Consumer Price Index CPI 167.28 168 170 173 176 200 Index Points [+]
Inflation Rate Mom 0.50 -0.12 0.44 0.56 0.58 0.58 percent [+]
Food Inflation 4.50 3.8 2.89 2.61 2.53 2.5 percent [+]
GDP Deflator 234.27 239 243 246 249 289 Index Points [+]
Cpi Transportation 160.09 161 162 162 162 162 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 9.25 9.25 9.25 9.5 9.5 8.5 percent [+]
Interbank Rate 1.35 1.35 1.38 1.38 1.39 1.39 percent [+]
Money Supply M0 49618.00 49581 48925 48899 48914 48931 UYU Million [+]
Money Supply M1 132891.00 132125 131002 131118 131134 131142 UYU Million [+]
Money Supply M2 255137.00 258084 258117 257988 257949 257945 UYU Million [+]
Foreign Exchange Reserves 13220.00 13073 13024 13016 13015 13014 USD Million [+]
Loans to Private Sector 1168.32 1168 1168 1168 1168 1168 USD Thousand [+]
Deposit Interest Rate 5.60 6.63 5.29 3.95 2.61 3.4 percent [+]
Central Bank Balance Sheet 100968.00 86944 86604 86629 86647 86646 UYU Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -36256.00 -68719 -72515 -72408 -72251 -72244 USD Thousand [+]
Exports 500229.00 573972 628359 607386 593475 602148 USD Thousand [+]
Imports 536486.00 633520 621207 622112 622967 622830 USD Thousand [+]
Current Account 47.25 33.72 -34.09 8.42 -31.68 -7.65 USD Million [+]
Current Account to GDP -3.60 -4.75 -4.07 -3.39 -2.71 -3.01 percent [+]
External Debt 27726.36 26573 26537 26499 26495 26479 USD Million [+]
Capital Flows 548.60 -989 -475 -682 -383 -567 USD Million [+]
Remittances 122.03 123 120 117 114 90.85 USD Million [+]
Tourism Revenues 281291.75 482781 382107 414241 455350 431557 USD Thousand [+]
Gold Reserves 0.10 0.08 0.08 0.07 0.07 0.01 Tonnes [+]
Terrorism Index 0.00 0.1 0.1 0.1 0.1 0.16 [+]
Foreign Direct Investment 283.40 245 268 258 250 256 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 47.80 45.15 46.55 47.95 49.35 49.38 percent [+]
Government Budget -2.10 -2.26 -2.01 -1.76 -1.52 -1.62 percent of GDP [+]
Government Budget Value 3709.06 1204 1021 2126 1415 1718 UYU Million [+]
Government Spending 18342319.11 18361770 17908035 18071519 18474136 18718351 UYU Thousand [+]
Government Revenues 29764.10 30167 29641 29554 29539 29536 UYU Million [+]
Fiscal Expenditure 41049.34 50533 50267 50652 51564 66838 UYU Million [+]
Military Expenditure 1043.90 973 1004 1035 1018 994 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 1.80 4.35 4.48 4.67 4.77 4.83 percent [+]
Changes in Inventories -583893.41 477957 367490 257023 146556 -41867 UYU THO [+]
Steel Production 1.00 4.24 5.58 5.71 5.72 5.72 Thousand Tonnes [+]
Competitiveness Index 4.17 4.12 4.12 4.12 4.12 4.23 Points [+]
Competitiveness Rank 73.00 67.92 67.92 67.92 67.92 71.83 [+]
Corruption Index 71.00 74 74 73 72 71 Points [+]
Corruption Rank 21.00 22.05 22.21 22.38 22.54 26.05 [+]
Ease of Doing Business 90.00 88.53 88.65 88.78 88.9 87.98 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales YoY 18.02 16.05 16.05 16.05 16.05 16.05 percent [+]
Consumer Spending 131751051.05 130305622 130011953 129952288 129940166 129937075 UYU Thousand [+]
Gasoline Prices 1.63 1.72 1.81 1.87 1.94 2.1 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 273.05 261 261 261 261 261 Index Points [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 22.00 22 22 22 22 22 percent [+]
Social Security Rate 35.75 35.75 35.75 35.75 35.75 35.75 percent [+]
Social Security Rate For Companies 12.63 12.63 12.63 12.63 12.63 12.63 percent [+]
Social Security Rate For Employees 23.13 23.13 23.13 23.13 23.13 23.13 percent [+]





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. 3/27/2017