International Reserves in Uruguay

Uruguay International Reserves | Economic News & Forecasts

Uruguay - International Reserves

Economic scars from the pandemic and associated containment measures are gradually starting to show in monthly data. After contracting notably in January-February, exports tumbled in March and April, mainly due to vanishing demand from China, Argentina and Brazil. Moreover, recent figures show real wages fell in March on an annual basis, while employment levels continue to decline, boding ill for household spending. In better news, industrial production recovered somewhat in Q1 and, on 30 April, S&P Global Ratings affirmed the country’s BBB classification with a stable outlook. The ratings agency pointed out that, although the current pandemic is set to have a severe impact on the economy and fiscal accounts, investment projects and fiscal adjustment will improve the economic performance for the country once the crisis is over. Moreover, in early May Fitch Ratings highlighted the positive role of Uruguay’s strong institutions in tackling the crisis.

Uruguay - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)15.6  13.4  16.0  15.6  14.5  

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Uruguay International Reserves Chart

Uruguay International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

Value Change Date
Exchange Rate37.330.24 %Jan 01

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