Uruguay's gross domestic product shrank 5.9 percent year-on-year in the third quarter of 2020, following a record 12.5 percent contraction in the previous period. The effects of the ongoing pandemic crisis continued to be felt in trade, restaurants & hotels (-24.6 percent vs -13.1 percent in Q2); health, education, real estate and other activities (-14.8 percent vs -6.5 percent); construction (-11.8 percent vs -7.7 percent); manufacturing (-13.5 percent vs -4.2 percent) and agriculture, fisheries and mining (-10.7 percent vs -0.4 percent). On a more positive note, activity grew faster in transportation & storage, information & communication (5.6 percent vs 4.1 percent). source: Banco Central del Uruguay
GDP Annual Growth Rate in Uruguay averaged 2.15 percent from 1998 until 2020, reaching an all time high of 10.50 percent in the second quarter of 2010 and a record low of -12.50 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 February of 2021.
GDP Annual Growth Rate in Uruguay is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Uruguay to stand at 2.70 in 12 months time. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 2.20 percent in 2022, according to our econometric models.