The Gross Domestic Product (GDP) in Uruguay expanded 0.30 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Uruguay averaged 0.68 percent from 1997 until 2019, reaching an all time high of 8.80 percent in the second quarter of 1997 and a record low of -5.60 percent in the third quarter of 2002.

GDP Growth Rate in Uruguay is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Uruguay to stand at 0.90 in 12 months time. In the long-term, the Uruguay GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Uruguay GDP Growth Rate
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Forecast Data Chart
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Uruguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 -0.10 8.80 -5.60 percent [+]
GDP Annual Growth Rate 0.10 -0.30 10.50 -9.30 percent [+]
GDP 59.60 56.49 59.60 1.24 USD Billion [+]
GDP Constant Prices 173408184.00 176128119.00 184176642.00 100499529.00 UYU Thousand [+]
Gross Fixed Capital Formation 27343791.54 26190863.95 40507924.70 14555321.07 UYU Thousand [+]
GDP per capita 14617.50 14437.40 14617.50 5248.90 USD [+]
GDP per capita PPP 20916.20 20658.50 20916.20 9841.90 USD [+]
GDP From Agriculture 9352730.49 10240401.96 13085326.42 7382498.05 UYU Thousand [+]
GDP From Construction 7176233.00 7129309.00 9622465.00 5011317.00 UYU Thousand [+]
GDP From Manufacturing 22061084.00 21248963.00 24134912.00 13963944.00 UYU Thousand [+]
GDP From Services 21581576.00 22105410.00 26176332.00 12796459.00 UYU Thousand [+]
GDP From Transport 37618740.00 37509221.00 37618740.00 8622185.00 UYU Thousand [+]
GDP From Utilities 4313240.00 4831221.00 4831221.00 399763.00 UYU Thousand [+]


Uruguay GDP Growth Rate

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 the latest reported value for - Uruguay GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.10 8.80 -5.60 1997 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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