Current Account in Uruguay

Uruguay Current Account | Economic News & Forecasts

Uruguay - Current Account

Incoming data for the first quarter of this year has been bleak thus far, after contractions in private consumption and investment activity led growth to fall to a near three-year low in the final quarter of last year. Industrial output contracted on annual basis in Q1, as both refinery and manufacturing production tumbled. This has weighed on the external sector, with merchandise exports falling in Q1 against the backdrop of a still-frail regional environment and sustained fears over a global trade war. Furthermore, on the domestic front, headwinds to consumer demand appear to have carried over into this year: The peso continued to weaken throughout Q1, which, coupled with elevated unemployment in January-February, likely weighed on household spending in the quarter.

Uruguay - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.4  -3.1  -0.8  0.8  1.5  

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Uruguay Current Account Chart

Uruguay Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

Exchange Rate35.140.24 %May 13

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