Uruguay GDP Growth Rate (2026)
Uruguay has a stable South American economy supported by services, agriculture, exports, and household consumption. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+1.8%
Annual real GDP growth
World Rank
#151
Out of 195 countries
Change vs 2025
0.0 pp
2025: +1.8%
South America Rank
#11
Out of 12 countries
1. Uruguay GDP Growth Rate in 2026
Uruguayan economic growth is influenced by agriculture, consumer demand, exports, investment, and commodity prices. Weather conditions and regional demand remain important.
2. Uruguay GDP Growth Rate Trends (1980–2026)
Uruguay’s growth history has been shaped by agricultural exports, institutional stability, investment, and integration with regional markets. Commodity cycles have periodically influenced performance.
3. Uruguay GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.8% | 0.0 pp |
| 2025 | +1.8% | -1.5 pp |
| 2024 | +3.3% | +2.5 pp |
| 2023 | +0.8% | -3.8 pp |
| 2022 | +4.6% | -1.2 pp |
| 2021 | +5.8% | +13.2 pp |
| 2020 | -7.4% | -8.3 pp |
| 2019 | +0.9% | +0.7 pp |
| 2018 | +0.2% | -1.5 pp |
| 2017 | +1.7% | 0.0 pp |
| 2016 | +1.7% | +1.3 pp |
| 2015 | +0.4% | -2.8 pp |
| 2014 | +3.2% | -1.4 pp |
| 2013 | +4.6% | +1.1 pp |
| 2012 | +3.5% | -1.7 pp |
| 2011 | +5.2% | -2.6 pp |
| 2010 | +7.8% | +3.6 pp |
| 2009 | +4.2% | -3.0 pp |
| 2008 | +7.2% | +0.7 pp |
| 2007 | +6.5% | +2.4 pp |
| 2006 | +4.1% | -3.4 pp |
| 2005 | +7.5% | +2.5 pp |
| 2004 | +5.0% | +4.2 pp |
| 2003 | +0.8% | +8.5 pp |
| 2002 | -7.7% | -3.9 pp |
| 2001 | -3.8% | -1.9 pp |
| 2000 | -1.9% | 0.0 pp |
| 1999 | -1.9% | -6.4 pp |
| 1998 | +4.5% | -1.0 pp |
| 1997 | +5.5% | -0.1 pp |
| 1996 | +5.6% | +7.0 pp |
| 1995 | -1.4% | -8.7 pp |
| 1994 | +7.3% | +4.6 pp |
| 1993 | +2.7% | -5.2 pp |
| 1992 | +7.9% | +4.4 pp |
| 1991 | +3.5% | +3.2 pp |
| 1990 | +0.3% | -0.8 pp |
| 1989 | +1.1% | +0.6 pp |
| 1988 | +0.5% | -5.4 pp |
| 1987 | +5.9% | -1.6 pp |
| 1986 | +7.5% | +7.2 pp |
| 1985 | +0.3% | +1.8 pp |
| 1984 | -1.5% | +4.4 pp |
| 1983 | -5.9% | +3.5 pp |
| 1982 | -9.4% | -11.3 pp |
| 1981 | +1.9% | -4.1 pp |
| 1980 | +6.0% | — |
4. Uruguay GDP Growth Performance
Current Growth Rate
+1.8%
(2026 to 2026)
5-Year Average
+2.5%
(2022 to 2026)
10-Year Average
+1.4%
(2017 to 2026)
20-Year Average
+2.9%
(2007 to 2026)
The economy benefits from strong institutions, diversified agriculture, and a relatively stable business environment. Drought and weaker regional demand can still affect activity.
5. Uruguay GDP Growth Rate vs South America and World
Uruguay
+1.8%
South America Average
+3.5%
World Average
+2.8%
0.0%
1.8%
3.5%
Annual real GDP growth (%)
Uruguay’s GDP growth rate is approximately
1.7 pp
below the
South America average
and
1.0 pp
below the world average.
6. Uruguay GDP Growth Rate Ranking in South America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #4 | Suriname | +3.9% |
| #5 | Argentina | +3.5% |
| #6 | Peru | +2.8% |
| #7 | Ecuador | +2.5% |
| #8 | Chile | +2.4% |
| #9 | Colombia | +2.3% |
| #10 | Brazil | +1.9% |
| #11 | Uruguay | +1.8% |
| #12 | Bolivia | -3.3% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Uruguay
Uruguay GDP (Nominal)
$96.1 Billion
(2026)
Uruguay GDP Growth Rate
+1.8%
(2026)
Uruguay generally shows greater stability than many Latin American economies, although growth can be moderate because of its small and mature market. Agricultural cycles remain important.
Explore more:
Uruguay GDP
9. Uruguay GDP Growth Rate Forecast
The outlook depends on agriculture, investment, exports, consumption, and regional demand. Climate risks and weaker commodity markets remain important factors.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.6% | +0.8 pp |
| 2028 | +2.3% | -0.3 pp |
| 2029 | +2.2% | -0.1 pp |
| 2030 | +2.2% | 0.0 pp |
10. Uruguay GDP Growth Rate: Key Findings
Uruguay GDP growth rate is estimated at +1.8% in 2026.
It ranks #151 globally and #11 in South America by annual GDP growth rate.
The growth rate was unchanged compared with 2025.
The 5-year average GDP growth rate is +2.5%.
The 10-year average GDP growth rate is +1.4%.
The current rate is 1.7 percentage points below the South America average.
The current rate is 1.0 percentage points below the world average.
The forecast GDP growth rate is +2.2% in 2030, 0.4 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Uruguay GDP Growth Rate FAQs
Uruguay GDP growth rate is estimated at +1.8% in 2026.
Uruguay ranks #151 globally and #11 in South America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.8% in 2026.
Uruguay GDP growth rate was +0.4% in 2015.
Uruguay GDP growth rate is 1.7 percentage points below the South America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.