Uruguay Current Account to GDP2022 Data - 2023 Forecast - 1980-2021 Historical

Name: Uruguay Current Account to GDP
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Uruguay,Current Account to GDP,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Uruguay recorded a Current Account deficit of 2.60 percent of the country's Gross Domestic Product in 2022. source: Ministerio de Economía y Finanzas, Uruguay

Current Account to GDP in Uruguay averaged -1.44 percent of GDP from 1980 until 2022, reaching an all time high of 2.80 percent of GDP in 2002 and a record low of -6.34 percent of GDP in 1980. This page provides the latest reported value for - Uruguay Current Account to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Related	Last	Previous	Unit	Reference
Current Account to GDP	-2.60	-1.80	percent of GDP	Dec 2022

Uruguay Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.