Skyline at night in Uruguay

Uruguay Government Consumption

Uruguay Government Consumption

Government Consumption in Uruguay

The economy recorded an average growth rate of 2.4% in the decade to 2022. In 2022, Uruguay's government consumption growth was 1.6%.

Uruguay Government Consumption Chart

Note: This chart displays Government Consumption (ann. var. %) for Uruguay from 2013 to 2022.
Source: Central Bank of Uruguay.

Uruguay Government Consumption Data

2018 2019 2020 2021 2022
Government Consumption (ann. var. %) 4.9 1.9 -7.1 8.4 1.6

Economy contracts at a slower rate in Q3

GDP slid at a milder pace of 0.2% year on year in the third quarter, above the 2.5% contraction tallied in the second quarter. On a seasonally adjusted quarter-on-quarter basis, GDP rebounded, expanding 1.0% in Q3, contrasting the previous quarter's 1.4% fall.

The annual improvement chiefly reflected public spending growth, which accelerated to a five-quarter high of 2.7% year on year from 1.8% in Q2. That said, annual private consumption increased at a slower pace of 3.4% in Q3 compared to a 4.5% expansion in Q2. Moreover, fixed investment contracted 11.3% in Q3 (Q2: -5.0% yoy), marking the worst reading since Q4 2018. Domestic demand likely benefited from lower average inflation in Q3, which fell to the lowest since Q3 2005, preventing a steeper private consumption deceleration, as still-elevated interest rates capped its overall improvement. On the external front, exports of goods and services plunged at the steepest rate in over two years, contracting 9.2% in the third quarter (Q2: -6.9% yoy). In addition, imports of goods and services growth moderated to 5.0% in Q3 (Q2: +7.9% yoy).

Our Consensus is for the economy to return to growth year-on-year in Q4, but tally only a moderate increase in 2023 as a whole.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan government consumption projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Uruguayan government consumption.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan government consumption projections.

Want to get access to the full dataset of Uruguayan government consumption forecasts? Send an email to

Latest Global GDP News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest