Uruguay | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.3 0.4 0.5 0.2 0.1 percent [+]
Unemployment Rate 7.70 7.9 7.5 8.3 8.4 8.7 percent [+]
Inflation Rate 8.30 9.7 9.8 10 10.1 7.9 percent [+]
Interest Rate 9.25 9.25 9.25 9.25 9.25 8.25 percent [+]
Balance of Trade -127557.00 -69154 -68945 -68369 -68350 -68356 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 28.25 28.83 29.11 29.39 29.67 33.91 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.3 0.4 0.5 0.2 0.1 percent [+]
GDP Annual Growth Rate 2.00 1.1 1.3 1.4 1.5 1 percent [+]
GDP 53.44 55 55 55 55 66 USD Billion [+]
GDP Constant Prices 171174029.00 172541313 171714501 176879984 184912194 204918128 UYU Thousand [+]
Gross Fixed Capital Formation 33454832.73 33863204 40669775 35263370 38964218 42170572 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 7957466.00 7523929 8170534 7838672 8571719 8360426 UYU Thousand [+]
GDP From Manufacturing 23190024.00 22119572 22435385 22991777 23267788 22954161 UYU Thousand [+]
GDP From Services 22755116.00 21921854 21660236 22734688 23601848 23181164 UYU Thousand [+]
GDP From Transport 30366950.00 30980035 31770074 32322833 32865404 40679539 UYU Thousand [+]
GDP From Utilities 4721501.00 3994728 3861672 3934914 3969795 3940879 UYU Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.70 7.9 7.5 8.3 8.4 8.7 percent [+]
Employment Rate 58.60 58.49 58.5 58.5 58.5 58.5 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 8.30 9.7 9.8 10 10.1 7.9 percent [+]
Consumer Price Index CPI 166.45 169 172 175 178 213 Index Points [+]
Inflation Rate Mom 2.60 0.16 0.63 0.71 0.72 0.72 percent [+]
Food Inflation 6.31 5.68 5.35 5.25 5.21 5.2 percent [+]
GDP Deflator 234.18 244 248 251 255 302 Index Points [+]
Cpi Transportation 159.58 162 163 164 164 164 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 9.25 9.25 9.25 9.25 9.25 8.25 percent [+]
Interbank Rate 1.34 1.36 1.38 1.39 1.4 1.4 percent [+]
Money Supply M0 47548.00 48778 48191 48054 48036 48044 UYU Million [+]
Money Supply M1 129397.00 128703 128061 128063 128037 128043 UYU Million [+]
Money Supply M2 247955.00 252884 251883 251528 251425 251389 UYU Million [+]
Foreign Exchange Reserves 13436.00 13246 13217 13212 13211 13211 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 -127557.00 -69154 -68945 -68369 -68350 -68356 USD Thousand [+]
Exports 571232.00 567766 636093 641497 620227 626103 USD Thousand [+]
Imports 698789.00 643545 636821 638172 638391 638300 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 0.11 0.12 0.12 0.14 0.17 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 -11378.47 -10349 -10879 -10459 -10733 -10622 UYU Million [+]
Government Spending 17914122.10 18389047 17927374 18095417 18523587 18801414 UYU Thousand [+]
Government Revenues 33407.27 29791 29154 29035 29013 29007 UYU Million [+]
Fiscal Expenditure 53928.51 50688 50435 50878 51840 67456 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 5.60 5.32 5.07 4.91 4.83 4.77 percent [+]
Changes in Inventories 130106.00 1674405 1366654 1058904 751153 608355 UYU THO [+]
Steel Production 5.00 6.21 6.41 6.42 6.43 6.43 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 74.00 72.94 73.23 73.53 73.82 72.15 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 129849311.54 127615499 127554613 127543697 127541740 127541312 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. 2/26/2017