Fiscal Balance in Uruguay

Uruguay Fiscal Balance | Economic News & Forecasts

Uruguay - Fiscal Balance


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 - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.4  -3.7  -3.5  -2.9  -3.4  

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Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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