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%.
Uruguay GDP from 1980 to 2024
The total market value of goods and services produced annually in Uruguay.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |