Fiscal Balance in Uruguay

Uruguay Fiscal Balance | Economic News & Forecasts

Uruguay - Fiscal Balance

A comprehensive GDP release confirmed that economic turmoil in Argentina took a bite out of growth in the third quarter of 2018. Against the backdrop of plummeting exports due to faltering Argentine demand and the poor soybean harvest, the third-quarter expansion was the weakest so far last year. Meanwhile, domestic demand metrics were more robust. An improvement in household consumption was somewhat offset by a dip in fixed investment as investors grew more risk averse amid sustained economic uncertainty in the region. Available data for the fourth quarter paints a mixed picture. Inflationary pressures moderated in Q4 and, coupled with a more stable peso and lower unemployment, likely propped up private consumption growth. However, on the external front, exports continued to contract in October and November, with tourism revenue likely down markedly in Q4 due to a strong appreciation of the Uruguayan peso against its Argentine counterpart in real terms.

Uruguay - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.3  -3.5  -3.6  -3.9  -3.5  

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Uruguay Facts

ValueChangeDate
Exchange Rate32.660.24 %Jan 16

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