External Debt in Uruguay

Uruguay External Debt | Economic News & Forecasts

Uruguay - External Debt


Growth appeared to pick up in Q1. Agricultural prices, which hit levels not seen since 2008, led year-on-year export growth to average 35.1% in the quarter. Private consumption probably weathered the Omicron wave relatively well—the country has one of the world’s highest vaccination rates. This said, lingering Covid-19 restrictions and rising inflation will have capped spending. Turning to Q2, the government loosened Covid-19 restrictions in April, boosting economic activity. It also cut taxes and raised public sector pensions and wages that same month, supporting consumption at the expense of a wider fiscal deficit. In other news, the IMF concluded its visit on 3 June, and voiced support for short-term targeted measures to shield the economy from higher inflation. The Fund also stressed the importance of continued fiscal consolidation.

Uruguay - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)81.0  76.7  68.7  70.8  76.2  

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Uruguay External Debt Chart


Uruguay External Debt
Note: External debt 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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