Uruguay recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2018. Uruguay Current Account to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account to GDP in Uruguay averaged -1.50 percent from 1980 until 2018, reaching an all time high of 2.80 percent in 2002 and a record low of -6.34 percent in 1980. This page provides the latest reported value for - Uruguay Current Account to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current Account to GDP in Uruguay is expected to reach -0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Current Account to GDP is projected to trend around -0.70 percent in 2021 and -1.00 percent in 2022, according to our econometric models.

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Uruguay Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.80 2.80 -6.34 1980 - 2018 percent Yearly

Uruguay Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.