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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
