Government Spending in Uruguay decreased to 18034037.46 UYU Thousand in the third quarter of 2019 from 18124703.82 UYU Thousand in the second quarter of 2019. Uruguay Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Uruguay averaged 15610532.37 UYU Thousand from 2005 until 2019, reaching an all time high of 18652816.56 UYU Thousand in the first quarter of 2019 and a record low of 11533511.60 UYU Thousand in the fourth quarter of 2005. This page provides - Uruguay Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Uruguay is expected to be 18718101.00 UYU Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Uruguay to stand at 18322582.00 in 12 months time. In the long-term, the Uruguay Government Spending is projected to trend around 18835614.00 UYU Thousand in 2021 and 19363012.00 UYU Thousand in 2022, according to our econometric models.

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Uruguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
18034037.46 18124703.82 18652816.56 11533511.60 2005 - 2019 UYU Thousand Quarterly
Constant Prices, NSA

Uruguay Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.