Uruguay Gdp Growth Rate

The Gross Domestic Product (GDP) in Uruguay expanded 2 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Uruguay is reported by the Banco Central del Uruguay. GDP Growth Rate in Uruguay averaged 1.34 Percent from 2005 until 2013, reaching an all time high of 3.50 Percent in the first quarter of 2007 and a record low of -2.40 Percent in the first quarter of 2009. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.00 -0.90 3.50 -2.40 1.01 | 2014/06 2005 - 2013 Percent Quarterly

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Uruguay Gdp Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-27 09:00 PM Uruguay
GDP Growth Rate QoQ
Q4 2012 -0.1% 1.6%
2013-09-13 09:00 PM Uruguay
GDP Growth Rate QoQ
Q2 2013 2.1% 1.3% (R) 2.06%
2014-03-31 11:00 PM Uruguay
GDP Growth Rate QoQ
Q4 2013 2.0% -0.9% (R) 1.7%
2014-06-30 11:00 PM Uruguay
GDP Growth Rate QoQ
Q1 2014 2.0% 0.75%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 49.06 2012-12-31 46.44 49.06 1.24 55.37 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.60 2013-12-31 3.00 11.07 -9.32 4.03 2014-06-30 Percent [+]
GDP Constant Prices 651239743.00 2013-06-30 623813191.00 651239743.00 373654836.00 676895991.60 2014-06-30 UYU THO [+]
GDP Growth Rate 2.00 2013-12-31 -0.90 3.50 -2.40 1.01 2014-06-30 Percent [+]
GDP per capita 7497.37 2012-12-31 7238.58 7497.37 3021.77 7953.46 2014-06-30 USD [+]
GDP per capita PPP 13821.48 2012-12-31 13344.40 13821.48 6182.51 14662.28 2014-06-30 USD [+]
Gross Fixed Capital Formation 152258564.00 2013-06-30 143357202.00 152258564.00 70329747.00 161159926.00 2014-06-30 UYU THO [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Uruguay Balance of Trade at -387040.00 USD Thousand  
Uruguay recorded a trade deficit of 387040 USD Thousand in February of 2014. Balance of Trade in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Changes in Inventories at 3026135.00 UYU THO  
Changes in Inventories in Uruguay decreased to 3026135 UYU THO in 2013 from 5644100 UYU THO in 2012. Changes in Inventories in Uruguay is reported by the Banco Central del Uruguay.
Uruguay Consumer Price Index (CPI) at 132.68 Index Points  
Consumer Price Index (CPI) in Uruguay increased to 132.68 Index Points in March of 2014 from 131.91 Index Points in February of 2014. Consumer Price Index (CPI) in Uruguay is reported by the Instituto Nacional de Estadística, Uruguay.
Uruguay Consumer Spending at 497808386.00 UYU THO  
Consumer Spending in Uruguay increased to 497808386 UYU THO in 2013 from 472735978 UYU THO in 2012. Consumer Spending in Uruguay is reported by the Banco Central del Uruguay.
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.
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