GDP per capita in Uruguay
Uruguay - GDP per capita (U.S. Dollars)
GDP growth slows in Q4, but remains strong nonetheless
The economy expanded 5.9% year-on-year in the fourth quarter, after having increased 6.2% in the third quarter of last year. A fading base effect was primarily behind the slowdown, as output continued to increase swiftly in sequential terms.
Household spending growth rose to 4.5% in Q4 (Q3: +2.3% yoy), while fixed investment growth moderated to 9.8% (Q3: +19.0% yoy). Moreover, government consumption growth decelerated to 6.0% in the fourth quarter (Q3: +9.4% yoy).
On the external front, exports of goods and services rose 26.3% year-on-year in Q4 (Q3: +24.8% yoy), and imports of goods and services increased 25.5% (Q3: +28.0% yoy).
FocusEconomics Consensus Forecast panelists see GDP growing 3.3% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, the panel sees GDP expanding 2.6%.
Uruguay - GDP per capita (USD) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 15,575 | 14,980 | 17,206 | 16,684 | 15,938 |
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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