Imports in Uruguay

Uruguay Imports (%) | Economic News & Forecasts

Uruguay - Imports (percent change)

The economy contracted at the sharpest pace in over 16 years in the first quarter, hit by the coronavirus pandemic, and will have deteriorated further in the second quarter. An abysmal external sector drove the downturn in Q1, as containment measures and Argentina’s dire economic situation extinguished tourist arrivals in March. In contrast, domestic demand gained momentum, led by stronger investment activity and consumer spending. Turning to Q2, industrial production slumped in April and merchandise exports plunged in April-May, spelling trouble for private-sector activity. Moreover, real wages continued to fall in May on an annual basis, which bodes ill for household spending, while May’s figures confirmed the significant impact of Covid-19 on public coffers. On a more positive note, at end-June the World Bank granted the country a USD 400 million loan to reactivate the economy.

Uruguay - Imports (%) Data

2015   2016   2017   2018   2019  
Imports (annual variation in %)-16.5  -14.0  2.4  5.1  -5.8  

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Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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