Uruguay’s GDP expanded by 3.4% in the March quarter of 2025, easing slightly from 3.5% growth in the previous quarter, after reaching its fastest pace since the June quarter of 2022. The slight slowdown was driven by softer export growth, which rose 4.2% compared to 4.4% in Q4. Meanwhile, imports accelerated to 5.6%, up from 3.8%, and government spending also picked up, growing 4.3% versus 3.3% in the prior quarter. Capital formation showed notable improvement, surging 11.9% after a 5.4% increase in Q4. However, household consumption growth slowed to 2.1% from 2.7%, signaling some weakness in domestic demand. source: Banco Central del Uruguay

The Gross Domestic Product (GDP) in Uruguay expanded 3.40 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Uruguay averaged 2.27 percent from 1998 until 2025, reaching an all time high of 11.80 percent in the second quarter of 2021 and a record low of -14.50 percent in the second quarter of 2020. This page provides the latest reported value for - Uruguay GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Uruguay expanded 3.40 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Uruguay is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 2.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-20 07:00 PM
GDP Growth Rate YoY
Q4 3.5% 4.4% 2.1%
2025-06-13 06:00 PM
GDP Growth Rate YoY
Q1 3.4% 3.5% 2.3%
2025-09-12 06:00 PM
GDP Growth Rate YoY
Q2 3.4% 3.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 3.40 3.50 percent Mar 2025
GDP Constant Prices 468375.52 497821.76 UYU Thousand Mar 2025
GDP from Agriculture 28596.00 40398.00 UYU Thousand Mar 2025
GDP from Construction 18326.00 20677.00 UYU Thousand Mar 2025
GDP from Manufacturing 48208.00 55463.00 UYU Thousand Mar 2025
GDP from Services 64752.00 62183.00 UYU Thousand Mar 2025
GDP from Transport 42214.00 44091.00 UYU Thousand Mar 2025
GDP from Utilities 12770.00 13022.00 UYU Thousand Mar 2025
Gross Fixed Capital Formation 73110.87 88364.34 UYU Thousand Mar 2025

Uruguay GDP Annual Growth Rate
The biggest sector of Uruguay´s economy is services. Financing, real estate, business, public and personal services, education and health; trade, repairs, restaurants and hotels and transport, communication and warehousing account for 55 percent of the GDP. Industry and mining create 26 percent of the wealth and construction and water, electricity and gas distribution 12 percent. Agriculture, hunting, forestry and fishing account for the remaining 7 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.50 11.80 -14.50 1998 - 2025 percent Quarterly
NSA, 2016=100

News Stream
Uruguay’s GDP Growth Slows to 3.4% in Q1
Uruguay’s GDP expanded by 3.4% in the March quarter of 2025, easing slightly from 3.5% growth in the previous quarter, after reaching its fastest pace since the June quarter of 2022. The slight slowdown was driven by softer export growth, which rose 4.2% compared to 4.4% in Q4. Meanwhile, imports accelerated to 5.6%, up from 3.8%, and government spending also picked up, growing 4.3% versus 3.3% in the prior quarter. Capital formation showed notable improvement, surging 11.9% after a 5.4% increase in Q4. However, household consumption growth slowed to 2.1% from 2.7%, signaling some weakness in domestic demand.
2025-06-13
Uruguay Economy Expands the Most Since 2022 in Q3
Uruguay’s GDP grew by 4.1% in the third quarter of 2024, up from a revised 4% in the prior quarter. This was the highest rate of growth since June quarter of 2022 fueled by a rise in exports, which increased by 11.8%, although slower than the 14.9% growth in the previous quarter. Imports continued to decline by 3.1% (vs. -3.3% in Q2), and government spending grew at a slower rate of 3% (vs. 4.3% in Q2). Capital formation showed improvement, turning positive at 1.4% (vs. -2.5%). However, household consumption growth slowed to 0.8% from 1%, indicating some softness in domestic demand.
2024-12-12
Uruguay Economy Accelerates in Q2
Uruguay's gross domestic product grew by 3.8% year-on-year in the second quarter of 2024, accelerating sharply from the 0.6% increase in the previous quarter. The growth was largely driven by a significant rise in foreign demand, with exports surging 14.4% compared to 5.1% in the prior quarter, while imports contracted further (-4.3% vs. -3.7%). Government spending also rebounded sharply (4.4% vs. -1.8%), and the decline in gross capital formation eased (-15.0% vs. -17.6%). However, household consumption growth slowed to 0.9% from 1.7%, highlighting some domestic demand weakness.
2024-09-12