Uruguay recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2017. Government Budget in Uruguay averaged -1.96 percent of GDP from 2000 until 2017, reaching an all time high of -0.50 percent of GDP in 2007 and a record low of -3.40 percent of GDP in 2002.
Government Budget in Uruguay is expected to be -3.10 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Government Budget is projected to trend around -3.10 percent of GDP in 2020, according to our econometric models.