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Uruguay GDP Forecast
Projected GDP growth percentage for Uruguay from 2025 to 2028.
Primary Sources
Economy of Uruguay - Wikipedia
From Wikipedia, the free encyclopedia Economy of UruguayWorld Trade Center MontevideoCurrencyUruguayan peso (UYU, $U)Fiscal yearCalendar yearTrade organisationsWTO, ALADI, Mercosur, Andean Community (associate)Country group Developing/Emerging[1] High-income economy[2] High-income industrial economy[3]StatisticsPopulation 3,444,263 (2023)[4]GDP $96,1 billion (nominal; 2026)[5] $135,8 billion (PPP; 2026)[5] GDP rank 82nd (nominal; 2025) 95th (PPP; 2025) GDP growth 1.8% (2025)[5] 1.8% (2026f)[5] 2.6% (2027f)[5] 2.3% (2028f)[5] GDP per capita $27,608 (nominal; 2026)[5] $39,030 (PPP; 2026)[5] GDP per capita rank 51st (nominal; 2026) 57th (PPP; 2026) GDP by sector agriculture: 6.4% industry: 16.8% services: 65.3% (2024 est.)[6] Inflation (CPI) 3.96% (April 2024)[7]Population below poverty line 9.1% (2022)[8]Gini coefficient 40 medium (2024, World Bank)[9]Human Development Index 0.862 very high (2023)[10] (48th) 0.747 high (53rd) IHDI (2023)[10] Labour force 1,686,487 (2020)[11] 54.9% employment rate (February 2021)[12] Labour force by occupation agriculture: 8% industry: 18.8% services: 73,2% (2025 est.)[6] Unemployment 7.8% (July 2023)[12]Main industriesfood processing, electrical machinery, transportation equipment, petroleum products, textiles, chemicals, beveragesExternalExports $12.845 million (2024)Export goodsbeef, soybeans, cellulose, rice, wheat, wood, dairy products, woolMain export partners China 24% Brazil 18% European Union 14% United States 9% Argentina 5% Turkey 4% (2024)[13] Imports $ 10.875 million (2024)[14]Import goodsrefined oil, crude oil, passenger and other transportation vehicles, vehicle parts, cellular phonesMain import partners China 30% Brazil 25% European Union 13% Argentina 12% (2024)[15] FDI stock $44.84 billion (31 December 2017 est.)[16] Abroad: $19.97 billion (31 December 2017 est.)[16] Current account $879 million (2017 est.)[16]Gross external debt $28.37 billion (31 December 2017 est.)[16]Public financesGovernment debt57.4% of GDP (2022 est.)[16][note 1]Foreign reserves $15.96 billion (31 December 2017 est.)[16]Budget balance−3.5% (of GDP) (2017 est.)[16]Revenues17.66 billion (2017 est.)[16]Expenses19.72 billion (2017 est.)[16]Credit rating Standard & Poor's:[17][18] BB (Domestic) BB (Foreign) BBB+ (T&C Assessment) Outlook: Stable Moody's:[18] Ba1 Outlook: Stable Fitch:[18] BB Outlook: Positive All values, unless otherwise stated, are in US dollars. Historical GDP per capita development The economy of Uruguay features an ex...
Central Bank of Uruguay - Wikipedia
From Wikipedia, the free encyclopedia Central Bank of UruguayBanco Central del UruguayCentral bank ofUruguayHeadquartersMontevideoEstablishedJuly 6, 1967Ownership100% state ownership[1]PresidentGuillermo TolosaCurrencyUruguayan pesoUYU (ISO 4217)Reserves15 160 million USD[1]Websitebcu.gub.uy The Central Bank of Uruguay (Spanish: Banco Central del Uruguay, BCU) is the central bank of Uruguay. The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: Ente Autónomo), with the passing of the 196th article of the Constitution of 1967.[2] Prior to the creation of the BCU, the issuing of currency and managing and supervising of the banking system was handled by the department of the Banco de la República Oriental del Uruguay.[3] On March 30, 1995 a bank charter was passed (Law 16,696), which expanded the BCUs responsibilities and set out the management structure as well as the functions and responsibilities of the bank.[4] The headquarters of the Central Bank in Ciudad Vieja, Montevideo houses the numismatic museum, in which both Uruguayan coins and banknotes from the Banco de la República and the Central Bank, as well as foreign ones, are exhibited.[5] According to the 7th article of the BCU's Charter, its responsibilities are;[6] Issuer of money notes and coins, as well as their withdrawal throughout the republic Manage monetary, credit and currency exchanging as set out by law Act as economic advisor, banker and financial agent of the Government Administer the international reserves of the State Be the banker of all government institutions Represent the Uruguayan government at international financial organisations Regulate and supervise all financial institutions List of the presidents of Central Bank of Uruguay. # Name Term of office Tenure length Notes Start of term End of term 1 Enrique V. Iglesias May 16, 1967 January 9, 1969 1 year, 238 days [7] 2 Carlos Sanguinetti January 10, 1969 October 27, 1970 1 year, 290 days [8] 3 Armando Malet October 27, 1970 November 21, 1970 25 days [9] 4 Nilo Márquez December 14, 1970 August 12, 1971 241 days [10] 5 Jorge Echeverría August 12, 1971 March 1, 1972 201 days [11] 6 Juan Pedro Amestoy March 1, 1972 June 4, 1973 1 year, 95 days [12] 7 Carlos Ricchi June 4, 1973 December 23, 1974 1 year, 202 days [13] 8 José Gil Díaz December 23, 1974 July 5, 1982 7 years, 194 days [14] 9 José María Puppo July 5, 1982 February 2...
Press Briefing Transcript: World Economic Outlook, Spring Meetings 2026
There's some offset coming from higher oil prices; but at the end of the day, the balance is weighing on growth in '26, with some recovery built in in 2027. As far as inflation developments go, we believe that tight monetary policy and remaining ...
Uruguay’s Tourism Sector Propels Unprecedented Economic Growth in 2025, Contributing Nearly Half of GDP Expansion and Generating a Staggering Two Billion and Forty Million Dollars in Export Revenue, Solidifying Its Position as a Global Tourism Powerhouse - Travel And Tour World
In 2025, Uruguay’s tourism sector played a crucial role in the country's economic growth, contributing nearly half of the GDP expansion. With a remarkable total of two billion and forty million dollars in tourism exports.
