Exports in Uruguay
Uruguay - Exports
GDP growth lost some momentum in Q4 2021, predominately due to a fading base effect, as economic output rose robustly in sequential terms. In Q4, annual fixed investment and government spending growth lost momentum, which weighed on domestic demand dynamics. That said, household spending expanded at a quicker pace, while exports of goods and services also grew at a faster rate. Turning to Q1 2022, economic growth is expected to gain steam, as healthy merchandise export growth should be supporting the external sector. Moreover, ebbing Covid-19 activity and the subsequent rollback of restrictions should be stoking private consumption and investment activity. That being said, industrial production growth moderated somewhat in January, while the unemployment rate averaged higher in January–February, likely capping growth momentum in Q1.
Uruguay - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 11.1 | 10.4 | 11.1 | 11.5 | 11.5 |
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 37.33 | 0.24 % | Jan 01 |
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Economic News
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Uruguay: Industrial output growth eases in March
May 12, 2022
Industrial output expanded 5.5% compared to the same month a year earlier in March, which followed February’s 11.5% increase. Meanwhile, annual average industrial production growth rose to 14.5% in January (December: +14.3%), signaling an improving trend in the industrial sector.
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Uruguay: Inflation holds steady in April
May 5, 2022
Consumer prices increased 0.49% from the previous month in April, below the 1.11% increase recorded in March.
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Uruguay: Central Bank delivers another rate hike in April
April 8, 2022
At its 8 April meeting, the Monetary Policy Committee of the Central Bank of Uruguay hiked its monetary policy rate by 125 basis points to 8.50%.
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Uruguay: Inflation continues to rise in March
April 5, 2022
Consumer prices rose 1.11% over the previous month in March, weaker than February's 1.47% jump.
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Uruguay: GDP growth slows in Q4, but remains strong nonetheless
March 23, 2022
The economy expanded 5.9% year-on-year in the fourth quarter, after having increased 6.2% in the third quarter of last year.
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