Current Account in Uruguay

Uruguay Current Account | Economic News & Forecasts

Uruguay - Current Account

On 28 November, Luis Lacalle Pou, opposition leader of the conservative National Party, was confirmed winner of the 24 November presidential election by the Electoral Court. While razor-thin, Lacalle Pou’s victory marks a significant shift in the political landscape following 15 years of rule by the left-leaning Broad Front coalition led by Daniel Martínez. On the economic front, market-friendly Lacalle Pou is set to frontload fiscal consolidation efforts next year in contrast to Martínez’s gradual fiscal tightening strategy. Meanwhile, available data for the third quarter points to improving activity. Export growth soared in the quarter on a surge in overseas sales of soybean, livestock and other agricultural products, underpinned by higher shipments to China. Moreover, industrial production rebounded in the quarter. On the downside, private consumption likely remained downbeat, given the pick-up in price pressures in the quarter and a rise in the unemployment rate.

Uruguay - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.6  -3.1  -0.9  0.6  0.8  

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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

ValueChangeDate
Exchange Rate37.330.24 %Jan 01

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