Uruguay: economy

What is the inflation rate in Uruguay?

Consumer prices in Uruguay were 4.68% higher in September 2026 than a year earlier, according to the National Institute of Statistics (INE) consumer price index report for September 2026, published on 5 October 2026. Prices rose 0.54% in the month and 4.21% since the start of the year.

The consumer price index (IPC) measures the change in the prices of a fixed basket of goods and services bought by households, with October 2022 as the base. The INE also publishes core and tradable/non-tradable measures.

Official sources: INE: Índice de Precios del Consumo (IPC) Setiembre 2026

How fast is Uruguay's economy growing?

Uruguay's real GDP grew 1.8% in 2025, according to World Bank Open Data, last updated on 8 October 2026. GDP per person was 25,216 US dollars in 2025, according to the World Bank GDP per capita series.

Uruguay's national accounts are compiled by the Central Bank of Uruguay, which publishes quarterly GDP; its site could not be read on 15 October 2026, so the annual World Bank figures, are used here.

Official sources: World Bank: GDP growth (annual %), Uruguay · World Bank: GDP per capita (current US$), Uruguay

What does Uruguay export?

Uruguay's goods exports, including free trade zones, were US$1,398 million in September 2026, 10% more than a year earlier, according to Uruguay XXI's monthly foreign trade report for September 2026. Soybeans, beef, wood pulp (cellulose), dairy products and beverage concentrates were the main products.

From January to September 2026 exports totalled US$10,372 million, 1% more than in the same period of 2025. The figures are export requests registered with customs, which Uruguay XXI uses because they are available quickly; final figures can differ slightly. Including free trade zones matters in Uruguay because pulp mills operate in them and are a large part of exports.

Official sources: monthly foreign trade report for September 2026

How many foreigners visit Uruguay?

3,353,558 foreign travellers entered Uruguay in 2025, according to the National Migration Directorate's 2025 statistical yearbook chapter on foreigners. Argentines made 2,290,190 of the entries and Brazilians 422,182. January was the busiest month, with 562,519 foreign arrivals.

The figures count border crossings, so a person who enters several times is counted each time, and they include visitors, residents and people in transit. Counting Uruguayans as well, 5,938,548 passengers entered the country in 2025, down from 6,486,878 in 2024 and 8,468,755 in 2023.

Official sources: 2025 statistical yearbook chapter on foreigners · 5,938,548 passengers entered the country in 2025 · National Migration Directorate statistical yearbook 2025

What is Uruguay's economic growth rate?

The World Bank puts real GDP growth in Uruguay at 1.8% in 2025. Its high point since 2005 was 2010, at 7.8%; its low point was 2020, at -7.4%. Across Latin America & Caribbean the middle value was 2.7%, and Uruguay placed 24th highest of 31. Worldwide: 135th of 180.

What is GDP per capita in Uruguay?

In 2025, GDP per person in Uruguay was $25,216, according to the World Bank. It is the top of the series, which starts in 2005. Across Latin America & Caribbean the middle value was $10,989, and Uruguay placed 4th highest of 31. Of 180 countries with 2025 data, 47th highest.

What is Uruguay's GDP per person adjusted for prices?

The latest figure from the World Bank, for 2025, is $38,315 in international dollars. That is the highest since at least 2005. Across Latin America & Caribbean the middle value was $22,756 in international dollars, and Uruguay placed 3rd highest of 30. World rank, highest first: 53rd of 179.

How much does Uruguay export?

In 2025, exports of goods and services in Uruguay was 27.1% of GDP, according to the World Bank. Its high point since 2005 was 2021, at 32.9% of GDP; its low point was 2015, at 22.5% of GDP. Across Latin America & Caribbean the middle value was 30.0% of GDP, and Uruguay placed 10th highest of 17. Worldwide: 88th of 133.

Does Uruguay have a current account surplus or deficit?

The IMF puts the current account balance in Uruguay at -0.5% of GDP in 2025, which is a deficit. Since 2005 it has ranged from -5.6% of GDP (2008) to 1.3% of GDP (2019). Latin America & Caribbean median: -1.2% of GDP; Uruguay is 9th highest of 27. Worldwide: 61st of 132.

How much foreign direct investment goes into Uruguay?

The latest figure from the IMF, for 2025, is 2.3% of GDP. Its high point since 2005 was 2022, at 12.4% of GDP; its low point was 2023, at -6.6% of GDP. Across Latin America & Caribbean the middle value was 2.5% of GDP, and Uruguay placed 20th highest of 31. World rank, highest first: 83rd of 179.

How high are loan rates in Uruguay?

The latest figure from the IMF, for 2025, is 10.1%. Its high point since 2005 was 2016, at 16.2%; its low point was 2021, at 7.5%. It is 10th highest of 23 in Latin America & Caribbean, where the median is 8.8%. Worldwide: 32nd of 73.