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Uruguay Real GDP

Uruguay's real GDP rose to $64.2 billion in 2024, up from $62.27 billion in 2023, according to World Bank. This represents an increase of 3.1% ($1.94 billion) from the previous year and accounts for 0.07% of the world's total real GDP. Uruguay has real GDP higher than the global median ($64.20 billion vs median $29.34 billion). Compared with the median in Americas, Uruguay is higher ($64.20 billion vs regional median $22.14 billion) and ranks 16th out of 43 countries in Americas.

Uruguay's GDP per capita rose to $18,958.6 in 2024, up from $18,378.98 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 64.2
2023 62.27
2022 61.81
2021 59.16
2020 55.89
2019 60.33
2018 59.77
2017 59.68
2016 58.66
2015 57.68
2014 57.47
2013 55.66
2012 53.2
2011 51.38
2010 48.86
2009 45.32
2008 43.48
2007 40.56
2006 38.07
2005 36.58
2004 34.04
2003 32.41
2002 32.16
2001 34.85
2000 36.24
1999 36.96
1998 37.53
1997 35.9
1996 33.08
1995 31.33
1994 31.79
1993 29.63
1992 28.87
1991 26.74
1990 25.83
1989 25.75
1988 25.47
1987 25.1
1986 23.24
1985 21.36
1984 21.05
1983 21.3
1982 23.73
1981 26.3
1980 25.9
1979 24.47
1978 23.04
1977 21.86
1976 21.55
1975 20.73
1974 19.54
1973 18.99
1972 18.94
1971 19.19
1970 19.24
1969 18.8
1968 17.76
1967 17.43
1966 18.09
1965 17.56
1964 17.37
1963 16.96
1962 16.93
1961 17.2
1960 16.78
Uruguay Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Uruguay, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $80.96B $77.99B 2024
GDP Annual Growth Rate 3.11% 0.74% 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