Uruguay GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

-0.1

Units In

3.7

Frequency

Quarterly

Next Release

Sep 12, 2025

Time to Release

2 Months 28 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
11.4 Jun 2021	-12.9 Jun 2020	2.32 %	1998-2022	Banco Central del Uruguay

The biggest sector of Uruguay´s economy is services. Financing, real estate, business, public and personal services, education and health; trade, repairs, restaurants and hotels and transport, communication and warehousing account for 55 percent of the GDP. Industry and mining create 26 percent of the wealth and construction and water, electricity and gas distribution 12 percent. Agriculture, hunting, forestry and fishing account for the remaining 7 percent of GDP.

Latest Updates

Uruguay’s GDP expanded by 3.4% in the March quarter of 2025, easing slightly from 3.5% growth in the previous quarter, after reaching its fastest pace since the June quarter of 2022. The slight slowdown was driven by softer export growth, which rose 4.2% compared to 4.4% in Q4. Meanwhile, imports accelerated to 5.6%, up from 3.8%, and government spending also picked up, growing 4.3% versus 3.3% in the prior quarter. Capital formation showed notable improvement, surging 11.9% after a 5.4% increase in Q4. However, household consumption growth slowed to 2.1% from 2.7%, signaling some weakness in domestic demand.