Unemployment in Uruguay

Uruguay Unemployment | Economic News & Forecasts

Uruguay - Unemployment

Incoming data for the first quarter of this year has been bleak thus far, after contractions in private consumption and investment activity led growth to fall to a near three-year low in the final quarter of last year. Industrial output contracted on annual basis in Q1, as both refinery and manufacturing production tumbled. This has weighed on the external sector, with merchandise exports falling in Q1 against the backdrop of a still-frail regional environment and sustained fears over a global trade war. Furthermore, on the domestic front, headwinds to consumer demand appear to have carried over into this year: The peso continued to weaken throughout Q1, which, coupled with elevated unemployment in January-February, likely weighed on household spending in the quarter.

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

ValueChangeDate
Exchange Rate35.140.24 %May 13

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