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 (2021): China, Brazil, and Argentina
Top 3 Exported Goods (2021): Meat, Wood, and Oil Seeds

Top Industries Source: CIA World Factbook

Food Processing; Electrical Machinery; Transportation Equipment; Petroleum Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $98,720,175,603 (2022)
GDP Growth Rate (annual %) 4.922% (2022)
GDP Per Capita, PPP (current international) $28,842 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 96/197 (2022)

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 %) 9.104% (2022)
External debt stocks, total (DOD, current US$) $14,349,584,000 (2011)
Total tax rate (% of commercial profits) 41.8% (2019)
Real Interest Rate (5 year average %) 6.18% (2022)
Manufacturing, value added (% of GDP) 10.358% (2022)
Current Account Balance (BoP, current US$) ($2,268,140,783) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,757,161 (2022)
Employment in Agriculture (% of total employment) 8.424% (2021)
Employment in Industry (% of total employment) 18.95% (2021)
Employment in Services (% of total employment) 72.626% (2021)
Unemployment Rate 7.841% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $18,413,033,218 (2022)
Exports of goods and services (current US$) $22,294,271,155 (2022)
Total Merchandise Trade (% of GDP) 34.014% (2022)
FDI, net inflows (BoP, current US$) $9,403,623,363 (2022)
Commercial Service Exports (current US$) $5,385,497,348 (2022)
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