Uruguay Real GDP Growth

1998 - 2023 | Quarterly | % | CEIC Data

Key information about Uruguay Real GDP Growth

  • The Gross Domestic Product (GDP) in Uruguay expanded 1.2 % YoY in Mar 2023, following a negative growth of 0.1 % in the previous quarter.
  • Real GDP Growth YoY data in Uruguay is updated quarterly, available from Mar 1998 to Mar 2023, with an average rate of 3.3 %.
  • The data reached an all-time high of 11.3 % in Jun 2021 and a record low of -13.6 % in Jun 2020.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP Index. The Central Bank of Uruguay provides Real GDP Index based on SNA 2008, at 2016 prices. Real GDP Growth prior to Q1 2017 is calculated from Real GDP based on SNA 1993, at 2005 prices.


Related information about Uruguay Real GDP Growth

  • In the latest reports, Nominal GDP of Uruguay reached 19.2 USD bn in Mar 2023.
  • Its GDP deflator (implicit price deflator) increased 6.1 % in Mar 2023.
  • GDP Per Capita in Uruguay reached 15,471.9 USD in Dec 2020.
  • Its Gross Savings Rate was measured at 17.1 % in Dec 2016.
  • For Nominal GDP contributions, Investment accounted for 15.2 % in Mar 2023.
  • Public Consumption accounted for 16.7 % in Mar 2023.
  • Private Consumption accounted for 59.8 % in Dec 2022.

View Uruguay's Real GDP Growth from Mar 1998 to Mar 2023 in the chart:

Uruguay Real GDP Growth

What was Uruguay's Real GDP Growth in Mar 2023?

The Gross Domestic Product (GDP) in Uruguay expanded 1.2 % YoY in Mar 2023, following a negative growth of 0.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.2 Mar 2023 -0.1 Dec 2022 -13.6 Jun 2020 11.3 Jun 2021 % quarterly Mar 1998 - Mar 2023

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 4.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Bahrain (%) 1.3 Jun 2024 quarterly Mar 2009 - Jun 2024
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 1.6 Jun 2024 quarterly Jun 2006 - Jun 2024
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 4.3 Jun 2024 quarterly Mar 2011 - Jun 2024
Kuwait (%) -1.6 Jun 2024 quarterly Jun 2010 - Jun 2024
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) 2.0 2021 yearly 2012 - 2021
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 2.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 1.0 Jun 2024 quarterly Dec 2004 - Jun 2024
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) 4.8 Jun 2024 quarterly Jun 2000 - Jun 2024
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -0.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 0.8 Jun 2024 quarterly Mar 1996 - Jun 2024
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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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: Residents (USD mn) 31,279.973 Jun 2024 quarterly Dec 1999 - Jun 2024
Gross Debt: Public Sector: Non Residents (USD mn) 24,793.539 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
Imports: CIF (USD th) 1,055,082.000 Sep 2024 monthly Jan 1998 - Sep 2024
Exports: FOB (USD th) 916,900.000 Sep 2024 monthly Jul 1998 - Sep 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: 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: CIIU 3: Dairy Products Manufacturing (USD th) 82,844.000 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: ytd: America: USA (USD mn) 680.600 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: Rest of the World: Asia: Mainland China (USD mn) 1,049.500 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: Europe: EU15: Germany (USD mn) 60.200 Sep 2024 monthly Jul 1998 - Sep 2024
Exports: FOB: ytd: America: LAIA: Argentine (USD mn) 391.500 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: Consumer Gds: Automobiles & Other Transport (USD th) 54,096.000 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: Capital Gds: Machinery & Equipment (ME) (USD th) 127,877.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: CIF: America: LAIA: Brazil (USD th) 116,666.100 Feb 2019 monthly Jan 2000 - Feb 2019
Imports: CIF: America: LAIA: Mexico (USD th) 19,659.900 Feb 2019 monthly Jan 2000 - Feb 2019
Fuel Oil Price: Heavy (UYU/l) 21.45 Jul 2018 monthly Jul 1999 - Jul 2018
Export Value Index (2015=100) 124.087 2021 yearly 1980 - 2021
Import Value Index (2015=100) 108.757 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 (%) 1.7 Sep 2024 monthly Dec 2002 - Sep 2024
Household Debt: % of GDP (%) 11.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Non-Performing Loans (USD mn) 417.075 Sep 2024 monthly Dec 2002 - Sep 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) 24,754.902 Sep 2024 monthly Dec 2002 - Sep 2024
Total Loans Growth (%) 12.20 Sep 2024 monthly Dec 2003 - Sep 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

More Indicators for Uruguay

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