Uruguay GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Uruguay's GDP changed from approximately $12B 217M in 1980 to $82B 605M in 2024, showing an overall 576.1% sharply increased during the period.
The lowest GDP was recorded in 1985 at $5B 686M, and the highest in 2024 at $82B 605M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.4%.
For comparison, the average annual growth rate of Argentina was 2.2%, and that of Brazil was 6.5%.

Overview of Uruguay's GDP (1980–2024)

The Gross Domestic Product (GDP) of Uruguay recorded a 576.1% sharply increased from 1980 to 2024.
The average GDP during this period was $32B 257M, and the median was $24B 730M.
GDP fluctuated within a range of $76B 919M, with a standard deviation of $22B 967M.
The average annual change was $1B 596M.


Uruguay GDP from 1980 to 2024

The total market value of goods and services produced annually in Uruguay.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $5B 686M
    • Highest GDP: 2024, $82B 605M
    • Most Recent GDP: 2024, $82B 605M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Uruguay's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $62B 230M → $53B 666M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $25B 603M → $34B 565M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $24B 892M → $22B 802M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $26B 155M → $27B 704M
    • Outcome: increased

    Key Economic Indicators of Uruguay (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 12B 217M
    $ 4,157.55
    $ 5,050.14
    $ 14B 840M
    5.999 %
    0 %
    8.60 %
    0 %
    2M 939K people
    1981
    $ 13B 636M
    $ 4,608.56
    $ 5,594.47
    $ 16B 553M
    1.899 %
    0 %
    9.29 %
    0 %
    2M 959K people
    1982
    $ 11B 147M
    $ 3,743.31
    $ 5,347.66
    $ 15B 925M
    -9.391 %
    0 %
    12.26 %
    0 %
    2M 978K people
    1983
    $ 6B 119M
    $ 2,041.64
    $ 5,198.35
    $ 15B 580M
    -5.853 %
    0 %
    8.73 %
    0 %
    2M 997K people
    1984
    $ 5B 819M
    $ 1,929.09
    $ 5,273.73
    $ 15B 907M
    -1.458 %
    0 %
    7.59 %
    0 %
    3M 16K people
    1985
    $ 5B 686M
    $ 1,873.06
    $ 5,422.27
    $ 16B 459M
    0.298 %
    0 %
    7.53 %
    0 %
    3M 35K people
    1986
    $ 7B 59M
    $ 2,312.36
    $ 5,912.90
    $ 18B 50M
    7.5 %
    0 %
    10.31 %
    0 %
    3M 53K people
    1987
    $ 8B 832M
    $ 2,876.92
    $ 6,381.69
    $ 19B 591M
    5.91 %
    0 %
    10.42 %
    0 %
    3M 70K people
    1988
    $ 9B 137M
    $ 2,958.93
    $ 6,600.48
    $ 20B 382M
    0.496 %
    0 %
    11.21 %
    0 %
    3M 88K people
    1989
    $ 9B 630M
    $ 3,101.18
    $ 6,896.72
    $ 21B 415M
    1.104 %
    0 %
    10.60 %
    0 %
    3M 105K people
    1990
    $ 11B 204M
    $ 3,588.34
    $ 7,136.66
    $ 22B 283M
    0.297 %
    0 %
    11.79 %
    0 %
    3M 122K people
    1991
    $ 13B 502M
    $ 4,299.37
    $ 7,594.97
    $ 23B 852M
    3.539 %
    0 %
    12.87 %
    0 %
    3M 140K people
    1992
    $ 15B 515M
    $ 4,911.06
    $ 8,334.18
    $ 26B 330M
    7.932 %
    0 %
    12.02 %
    0 %
    3M 159K people
    1993
    $ 18B 64M
    $ 5,683.68
    $ 8,706.20
    $ 27B 670M
    2.658 %
    0 %
    11.63 %
    0 %
    3M 178K people
    1994
    $ 21B 40M
    $ 6,557.81
    $ 9,450.15
    $ 30B 319M
    7.281 %
    0 %
    11.09 %
    0 %
    3M 208K people
    1995
    $ 23B 267M
    $ 7,207.02
    $ 9,449.53
    $ 30B 507M
    -1.448 %
    0 %
    11.87 %
    0 %
    3M 228K people
    1996
    $ 24B 730M
    $ 7,612.91
    $ 10,096.57
    $ 32B 798M
    5.578 %
    0 %
    11.71 %
    0 %
    3M 248K people
    1997
    $ 26B 155M
    $ 7,959.73
    $ 10,711.41
    $ 35B 197M
    5.496 %
    0 %
    18.47 %
    0 %
    3M 286K people
    1998
    $ 27B 704M
    $ 8,364.61
    $ 11,231.88
    $ 37B 201M
    4.519 %
    0 %
    19.13 %
    0 %
    3M 312K people
    1999
    $ 26B 178M
    $ 7,847.88
    $ 11,091.16
    $ 36B 996M
    -1.939 %
    0 %
    17.11 %
    -1.143 %
    3M 336K people