Unemployment in Uruguay
Uruguay - UnemploymentThe economy contracted for the first time in nearly four years in the first quarter, largely due to the poor performance of the retail, manufacturing and tourism sectors. Private consumption declined again, undermined by rising unemployment and a weaker currency, while fixed investment also slumped, cementing the downturn in domestic demand. The external sector was also held down by weak demand from Argentina and Brazil, the country’s main trading partners. In other news, while the EU-Mercosur trade agreement faces uncertain prospects for ratification, due to reticence in some EU countries, Uruguay signed new protocols with Brazil to facilitate investment within the trade bloc. Lastly, on 23 July, Finnish firm UPM announced a USD 3 billion investment to build a pulp paper plant in Uruguay by 2022, which would generate an estimated 4,000 jobs.
Uruguay - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Unemployment Chart
Source: National Statistical Institute (INE).
|Exchange Rate||34.33||0.24 %||Jul 31|
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August 5, 2019
Consumer prices rose 0.8% from a month earlier in July, accelerating mildly from June’s 0.6% increase.
July 12, 2019
Industrial production fell 2.5% over the same month of the previous year in May, contrasting a mild 0.4% year-on-year increase in April which had marked a short-lived return to output growth.
July 12, 2019
At its 12 July monetary policy meeting, the Central Bank of Uruguay maintained its target for the growth rate of the M1+ money supply in Q3 2019 at 8.0%–10.0%, unchanged from previous quarter’s target.
July 4, 2019
Consumer prices rose 0.6% from a month earlier in June, up slightly from May’s 0.4% increase.
June 20, 2019
The economy shrank 0.2% year-on-year in the first quarter, contrasting the fourth quarter’s 0.6% expansion and marking the first contraction since the 2015 recession.