Economic Trivia

Uruguay was the only country in the Americas that managed to avoid a recession during the global financial crisis of 2008-2009.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2018): China, Brazil, and Argentina
Top 3 Exported Goods (2018): Meat, Wood, and Dairy Products

Top Industries Source: CIA World Factbook

Food Processing; Electrical Machinery; Transportation Equipment; Petroleum Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $76,287,371,693 (2018)
GDP Growth Rate (annual %) 1.62% (2018)
GDP Per Capita, PPP (current international) $22,117 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 100/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 7.882% (2019)
External debt stocks, total (DOD, current US$) $14,349,584,000 (2011)
Total tax rate (% of commercial profits) 41.8% (2019)
Real Interest Rate (5 year average %) 6.296% (2018)
Manufacturing, value added (% of GDP) 11.652% (2018)
Current Account Balance (BoP, current US$) $77,044,286 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,762,498 (2019)
Employment in Agriculture (% of total employment) 8.119% (2019)
Employment in Industry (% of total employment) 18.914% (2019)
Employment in Services (% of total employment) 72.967% (2019)
Unemployment Rate 8.731% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $11,316,243,363 (2018)
Exports of goods and services (current US$) $12,517,888,057 (2018)
Total Merchandise Trade (% of GDP) 27.51% (2018)
FDI, net inflows (BoP, current US$) $749,737,074 (2019)
Commercial Service Exports (current US$) $4,806,509,492 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Uruguay’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank