Unemployment in Uruguay

Uruguay Unemployment | Economic News & Forecasts

Uruguay - Unemployment

Available data points to a marked deceleration in growth in the final quarter of last year, on the heels of a modest third-quarter outturn. A weak external sector seemed to continue weighing on growth in Q4: Merchandise exports contracted for a second consecutive quarter partly due to lower exports to Argentina and Brazil. In addition, industrial output contracted in December, bringing the average growth in Q4 well below that of Q3. Furthermore, domestic demand was similarly lukewarm as a weaker peso and still-high unemployment likely weighed on consumer demand in Q4. Meanwhile, soft momentum appears to have carried over into the current quarter: Exports continued to contract in February, likely offsetting gains from moderating inflation and a more stable peso, which boded well for consumer demand in January-February.

Uruguay - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.5  6.6  7.5  7.9  7.9  

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Uruguay Unemployment Chart

Uruguay Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute (INE).

Uruguay Facts

Exchange Rate33.080.24 %Mar 11

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