Fixed Investment in Uruguay
The Uruguayan economy recorded average fixed investment growth of 1.1% in the decade to 2022, above the 0.9% average for Latin America. In 2022, fixed investment growth was 9.5%. For more investment information, visit our dedicated page.
Uruguay Investment Chart
Uruguay Investment Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Fixed Investment (ann. var. %) | -10.5 | -2.0 | 1.2 | 16.5 | 9.5 |
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.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan investment projections for the next ten years from a panel of 10 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 investment forecast available for Uruguayan investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan investment projections.
Want to get access to the full dataset of Uruguayan investment forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
GDP growth picked up to 5.3% year on year in the first quarter of 2024, above the 5.2% in the...
-
United Kingdom: Economic activity growth loses pace in February
GDP rose 0.1% month-on-month in seasonally adjusted terms in February (January: +0.3% mom), matching market expectations. On a rolling quarterly... -
Singapore: Economy records best reading since Q3 2022 in Q1 2024
According to a flash release, GDP growth accelerated to 2.7% year on year in the first quarter of 2024, from... -
Guatemala: GDP grows at the slowest clip in over three years in Q4
GDP growth halved to 2.0% year on year at the tail-end of 2023 from an upwardly revised 4.0% in the... -
Russia: Economy loses momentum in Q4
Growth lost steam at the tail end of 2023, with GDP increasing 4.9% on an annual basis in the fourth... -
Angola: GDP growth slows in the fourth quarter
Growth slowed in the fourth quarter, with GDP increasing 1.4% on an annual basis (Q3: +1.5% yoy). On a seasonally... -
Vietnam: Economic growth moderates in the first quarter
GDP expanded 5.7% on an annual basis in Q1 2024 (Q4 2023: +6.7% year on year), undershooting market expectations. However,...