Uruguay Gdp Growth Rate
The Gross Domestic Product (GDP) in Uruguay contracted 0.40 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Uruguay averaged 1.32 Percent from 2005 until 2014, reaching an all time high of 3.30 Percent in the first quarter of 2007 and a record low of -2.10 Percent in the first quarter of 2009. GDP Growth Rate in Uruguay is reported by the Banco Central del Uruguay.
||2005 - 2014
In the last decade, Uruguay has been one of the fastest growing economies in Latin America. After the 2002 crisis, the country has returned to high growth rates, expanding on average 1.3 percent from 2005 to 2012 on a quarter over quarter basis. Uruguay has an export-oriented agricultural sector. Shipments of meat, vegetables, rice and dairy products account for 52 percent of total exports. Nevertheless, in order to keep the current pace of growth the country needs to diversify its economy and reduce the debt burden. This page provides - Uruguay Gdp Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.