Uruguay GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

-0.1

Units In

3.7

Frequency

Quarterly

Next Release

Dec 12, 2025

Time to Release

2 Months 24 Days 9 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 grew 2.1% year-on-year in Q2 2025, slowing from 3.6% in the previous quarter, reflecting softer activity across key sectors. Growth was supported by agriculture, fishing, and mining, which expanded 10.6% after 6.3% in Q1, and by manufacturing, up 7.6% though easing from 17.9%. Financial services also contributed positively, rising 4.8% after 5.1%. On the downside, utilities contracted 7.9% after a 3.5% drop, while construction slipped 0.2% following a 1.5% decline. Trade, lodging, and food services posted marginal growth of 0.3%, down from 2.5%, while transport and communications fell 0.3% after a 1% drop. Overall, gross value added rose 1.9% from 3.3% previously, and net taxes on products advanced 3.3%, maintaining the same pace as in Q1.