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Uruguay GDP Annual Growth Rate

Uruguay's GDP annual growth rate rose to 3.11% in 2024, up from 0.74% in 2023, according to World Bank. This represents an increase of 2.37% from the previous year. Uruguay has GDP annual growth rate lower than the global median (3.11% vs median 3.24%). Compared with the median in Americas, Uruguay is lower (3.11% vs regional median 3.27%) and ranks 24th out of 44 countries in Americas.

Uruguay's real GDP rose to $64.2 billion in 2024, up from $62.27 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.11%
2023 0.74%
2022 4.49%
2021 5.84%
2020 -7.36%
2019 0.93%
2018 0.16%
2017 1.74%
2016 1.69%
2015 0.37%
2014 3.24%
2013 4.64%
2012 3.54%
2011 5.16%
2010 7.8%
2009 4.24%
2008 7.18%
2007 6.54%
2006 4.1%
2005 7.46%
2004 5%
2003 0.81%
2002 -7.73%
2001 -3.84%
2000 -1.93%
1999 -1.52%
1998 4.52%
1997 8.55%
1996 5.58%
1995 -1.45%
1994 7.28%
1993 2.66%
1992 7.93%
1991 3.54%
1990 0.3%
1989 1.1%
1988 1.48%
1987 7.99%
1986 8.81%
1985 1.47%
1984 -1.14%
1983 -10.27%
1982 -9.76%
1981 1.56%
1980 5.84%
1979 6.2%
1978 5.37%
1977 1.46%
1976 3.94%
1975 6.1%
1974 2.9%
1973 0.28%
1972 -1.32%
1971 -0.25%
1970 2.33%
1969 5.86%
1968 1.89%
1967 -3.66%
1966 3.06%
1965 1.05%
1964 2.44%
1963 0.17%
1962 -1.57%
1961 2.49%
Uruguay GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Uruguay's total economic output.
Indicator Last Value Prior Value Period
GDP $80.96B $77.99B 2024
GDP per Capita $18,958.6 $18,378.98 2024
GDP per Capita PPP $32,038.77 $31,059.25 2024
R&D Expenditure (% GDP) 0.63% 0.61% 2022
Real GDP $64.2B $62.27B 2024