Exports in Uruguay
Uruguay - Exports (percent change)
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
|Exports (annual variation in %)||-19.1||-6.9||6.6||4.3||-0.3|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||37.33||0.24 %||Jan 01|
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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.
May 5, 2022
Consumer prices increased 0.49% from the previous month in April, below the 1.11% increase recorded in March.
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%.
April 5, 2022
Consumer prices rose 1.11% over the previous month in March, weaker than February's 1.47% jump.
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.