The economy of Uruguay advanced 0.2 percent year-on-year in the fourth quarter of 2019, easing from an upwardly revised 1.1 percent expansion in the previous period. Output growth slowed in transportation, storage and communications services (2.5 percent vs 3 percent in Q3); and other activities (0.6 percent vs 1.4 percent). In addition, manufacturing output shrank 2.2 percent, after growing 2.9 percent in the previous quarter; and the construction sector contracted 1.7 percent, faster than a 1.2 percent decline in the prior quarter. Meanwhile, primary activities shrank 7.6 percent, less than an 8.3 percent contraction. On a quarterly basis, the GDP contracted 0.6 percent. Considering 2019 as a whole, the economy grew 0.2 percent, slowing from a 1.6 percent expansion in 2018.
GDP Annual Growth Rate in Uruguay averaged 2.54 percent from 1998 until 2019, reaching an all time high of 10.50 percent in the second quarter of 2010 and a record low of -9.30 percent in the third quarter of 2002. 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 June of 2020. source: Banco Central del Uruguay
GDP Annual Growth Rate in Uruguay is expected to be -3.00 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 -1.00 in 12 months time. In the long-term, the Uruguay GDP Annual Growth Rate is projected to trend around 2.70 percent in 2021 and 2.20 percent in 2022, according to our econometric models.