Uruguay Current Account Balance: % of GDP

2005 - 2024 | Quarterly | % | CEIC Data

Key information about Uruguay Current Account Balance: % of GDP

  • Uruguay Current Account surplus accounted for 0.2 % of the country's Nominal GDP in Jun 2024, compared with a 1.2 % deficit in the previous quarter.
  • Uruguay Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2005 to Jun 2024, with an average value of -1.8 %.
  • The data reached an all-time high of 3.0 % in Mar 2019 and a record low of -9.7 % in Jun 2008.

CEIC calculates quarterly Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Uruguay provides Current Account Balance in USD based on BPM6 and Nominal GDP in local currency based on SNA 2008. The Central Bank of Uruguay average market exchange rate is used for currency conversions. Current Account Balance as % of Nominal GDP prior to Q1 2016 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on SNA 1993.


Key information about Uruguay Current Account Balance: % of GDP

  • In the latest reports of Uruguay, Current Account recorded a surplus of 51.3 USD mn in Jun 2024.
  • Foreign Direct Investment (FDI) fell by 843.3 USD mn in Jun 2024.
  • Uruguay Direct Investment Abroad fell by 774.2 USD mn in Jun 2024.
  • Its Foreign Portfolio Investment increased by 18.4 USD mn in Mar 2024.
  • The country's Nominal GDP was reported at 19.2 USD bn in Mar 2023.

View Uruguay's Current Account Balance: % of GDP from Mar 2005 to Jun 2024 in the chart:

Uruguay Current Account Balance: % of GDP

What was Uruguay's Current Account Balance: % of GDP in Jun 2024?

Uruguay Current Account surplus accounted for 0.2 % of the country's Nominal GDP in Jun 2024, compared with a 1.2 % deficit in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.2 Jun 2024 -1.2 Mar 2024 -9.7 Jun 2008 3.0 Mar 2019 % quarterly Mar 2005 - Jun 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) 0.3 Dec 2023 quarterly Mar 2007 - Dec 2023
Argentina (%) 2.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) -2.9 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) -1.6 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 0.6 Jun 2024 quarterly Mar 1970 - Jun 2024
Azerbaijan (%) 4.9 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Bolivia (%) 0.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -3.9 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 4.7 Sep 2024 quarterly Sep 1999 - Sep 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -1.1 Jun 2024 quarterly Mar 1957 - Jun 2024
Chile (%) -3.9 Sep 2024 quarterly Mar 1996 - Sep 2024
China (%) 3.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Croatia (%) -5.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) -0.6 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (%) -0.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 15.6 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Finland (%) -2.9 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) -7.3 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 5.3 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) -7.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Hong Kong SAR, China (%) 13.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (%) 3.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) -2.7 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) -1.1 Jun 2024 quarterly Jun 2004 - Jun 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 28.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 3.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 1.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -7.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Kosovo (%) -15.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Kuwait (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -1.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.2 Jun 2024 quarterly Mar 1993 - Jun 2024
Luxembourg (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 37.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Malta (%) 7.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.7 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) -16.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Montenegro (%) -23.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 8.4 Jun 2024 quarterly Mar 1987 - Jun 2024
New Zealand (%) -6.9 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 17.9 Jun 2024 quarterly Mar 1981 - Jun 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Peru (%) 2.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 1.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -8.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 3.4 Jun 2024 quarterly Mar 1994 - Jun 2024
Saudi Arabia (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (%) -4.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Singapore (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Slovakia (%) -1.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 7.2 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -0.9 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 3.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 1.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 9.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 9.6 Jun 2024 quarterly Mar 1983 - Jun 2024

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Uruguay Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Consolidated Fiscal Balance (USD mn) -104.304 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Revenue (USD mn) 1,184.006 Sep 2024 monthly Jan 2008 - Sep 2024
Tax Revenue: % of GDP (%) 16.9 Jun 2024 quarterly Mar 2008 - Jun 2024
National Government Debt (USD mn) 44,080.0 Jun 2024 quarterly Mar 1999 - Jun 2024
Government Debt: % of GDP (%) 55.6 Jun 2024 quarterly Dec 2005 - Jun 2024
Forecast: Government Expenditure (UYU bn) 1,426.196 2029 yearly 1999 - 2029
Forecast: Government Net Debt (UYU bn) 3,060.738 2029 yearly 1999 - 2029
Forecast: Government Revenue (UYU bn) 1,327.485 2029 yearly 1999 - 2029
Gross Debt: Public Sector (USD mn) 56,073.511 Jun 2024 quarterly Mar 1999 - Jun 2024
Gross Debt: Public Sector: Non Residents (USD mn) 24,793.539 Jun 2024 quarterly Dec 1999 - Jun 2024
Gross Debt: Public Sector: Residents (USD mn) 31,279.973 Jun 2024 quarterly Dec 1999 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.066 2028 yearly 2013 - 2028
Trade Balance (USD mn) -138.2 Sep 2024 monthly Jan 1957 - Sep 2024
Total Exports (USD mn) 916.9 Sep 2024 monthly Jul 1998 - Sep 2024
Total Exports Growth (%) 7.3 Sep 2024 monthly Jul 1999 - Sep 2024
Aluminum: Exports (USD th) 4,359.650 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 108,013.127 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 76,868.511 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,055.1 Sep 2024 monthly Jan 1998 - Sep 2024
Total Imports Growth (%) -2.5 Sep 2024 monthly Jan 1999 - Sep 2024
Imports: Medicament (USD th) 214,010.955 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 168,156.110 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 90.600 Sep 2024 monthly Apr 1971 - Sep 2024
Total Imports from USA (USD mn) 79.102 Sep 2024 monthly Jan 1980 - Sep 2024
Total Exports to China (USD mn) 78.800 Sep 2024 monthly Nov 1984 - Sep 2024
Total Imports from China (USD mn) 230.200 Sep 2024 monthly Jan 1985 - Sep 2024
Exports: FOB (USD th) 1,107,952.000 Oct 2024 monthly Jul 1998 - Oct 2024
Imports: CIF (USD th) 1,221,129.000 Oct 2024 monthly Jan 1998 - Oct 2024
Exports: FOB: CIIU 3: General Crops; Horticulture, Agricultural Services Applied... (USD th) 122,606.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: FOB: CIIU 3: Tanning & Dressing of Leather, Manufacture of Luggage, Han... (USD th) 16,820.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: FOB: CIIU 3: Dairy Products Manufacturing (USD th) 82,844.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: FOB: CIIU 3: Rice & Rice Products Manufacturing (USD th) 70,011.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: FOB: CIIU 3: Production, Processing & Preserving of Meat & Meat Product... (USD th) 211,996.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: FOB: ytd: Europe: EU15: Germany (USD mn) 60.200 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: America: LAIA: Brazil (USD mn) 1,524.600 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: America: USA (USD mn) 680.600 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: America: LAIA: Argentine (USD mn) 391.500 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: Rest of the World: Asia: Mainland China (USD mn) 1,049.500 Sep 2024 monthly Jul 1998 - Sep 2024
Imports: CIF: BEC: Consumer Gds: Food & Beverages (USD th) 97,537.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: BEC: Capital Gds: Transport Equipment (TE) (USD th) 44,621.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: BEC: Capital Gds: Machinery & Equipment (ME) (USD th) 127,877.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: BEC: Intermediate Gds: Petroleum & Refined Petroleum Products (USD th) 98,601.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: BEC: Consumer Gds: Automobiles & Other Transport (USD th) 54,096.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: America: LAIA: Mexico (USD th) 19,659.900 Feb 2019 monthly Jan 2000 - Feb 2019
Imports: CIF: America: LAIA: Brazil (USD th) 116,666.100 Feb 2019 monthly Jan 2000 - Feb 2019
Fuel Oil Price: Heavy (UYU/l) 21.45 Jul 2018 monthly Jul 1999 - Jul 2018
Import Value Index (2015=100) 108.757 2021 yearly 1980 - 2021
Export Value Index (2015=100) 124.087 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -774.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Current Account Balance (USD mn) 51.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Current Account Balance: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Direct Investment (USD mn) -843.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Direct Investment: % of GDP (%) -4.1 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment (USD mn) 18.418 Mar 2024 quarterly Mar 2000 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 1.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 280.738 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt (USD mn) 47,395.1 Jun 2024 quarterly Dec 1999 - Jun 2024
External Debt: % of GDP (%) 65.0 2023 yearly 1999 - 2023
External Debt: Short Term (USD mn) 8,762.8 Jun 2024 quarterly Dec 1999 - Jun 2024
External Debt: Short Term: % of GDP (%) 10.5 2023 yearly 1999 - 2023
Forecast: Current Account Balance (USD bn) -2.110 2029 yearly 2012 - 2029
Net International Investment Position (USD mn) -13,557.419 Jun 2024 quarterly Dec 2011 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2002 - Oct 2024
Household Debt: % of GDP (%) 11.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Non-Performing Loans (USD mn) 403.130 Oct 2024 monthly Dec 2002 - Oct 2024
Money Supply M1 (USD mn) 5,971.540 Sep 2024 monthly Dec 1972 - Sep 2024
Money Supply M2 (USD mn) 13,964.179 Sep 2024 monthly Dec 1972 - Sep 2024
M2 Growth (%) 15.1 Sep 2024 monthly Dec 1973 - Sep 2024
Foreign Exchange Reserves (USD mn) 17,839.4 Sep 2024 monthly Aug 2003 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 21.639 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.9 Sep 2024 monthly Aug 2003 - Sep 2024
Gold Reserves (USD mn) 8.509 Sep 2024 monthly Dec 1975 - Sep 2024
Total Deposits (USD mn) 43,689.744 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 11.7 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 29,337.4 Aug 2024 monthly Dec 2001 - Aug 2024
Domestic Credit Growth (%) 19.7 Aug 2024 monthly Dec 2002 - Aug 2024
Household Debt (USD mn) 6,856.5 May 2022 monthly Jun 2005 - May 2022
Total Loans (USD mn) 25,269.995 Oct 2024 monthly Dec 2002 - Oct 2024
Total Loans Growth (%) 10.38 Oct 2024 monthly Dec 2003 - Oct 2024
Private Debt: % of Nominal GDP (%) 27.94 Jun 2024 quarterly Dec 2005 - Jun 2024
Money Supply: M3 (UYU mn) 924,947.355 Dec 2018 monthly Dec 1998 - Dec 2018
International Reserve: Official Reserve Assets (USD mn) 18,839.988 Sep 2024 monthly Aug 2003 - Sep 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Jul 2024 monthly Oct 1999 - Jul 2024
BCU Forecast: Consumer Price Index: Average: Next 24 Months (%) 7.306 Apr 2019 monthly Jul 2013 - Apr 2019

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