Current Account in Uruguay

Uruguay Current Account (USD bn) | Economic News & Forecasts

Uruguay - Current Account (billions of U.S. Dollars)

After GDP expanded year-on-year for the first time since Q3 2019 in the second quarter, growth likely eased notably in the third quarter due to a less favorable base effect. That being said, conditions should have remained upbeat in sequential terms, as the loosening of Covid-19 restrictions likely continued to support household spending, while healthy export growth suggests the external sector remained solid. Turning to Q4, momentum is likely keeping pace as a rapid vaccine rollout and relatively muted new Covid-19 cases in October bode well for domestic activity. In other news, the IMF concluded its Article IV mission in early October, urging authorities to step up their efforts to address structural problems in human capital to facilitate a faster recovery in the labor market, as the pandemic has accentuated the nation’s skills mismatch issue among low-income workers.

Uruguay - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-0.5  -0.1  0.4  0.1  0.4  

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Uruguay Current Account (USD bn) Chart

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

Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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