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Uruguay Trade (% GDP)

Uruguay's trade (% GDP) fell to 52.46% in 2024, down from 52.91% in 2023, according to World Bank. This represents a decrease of 0.45% from the previous year. Uruguay has trade (% GDP) lower than the global median (52.46% vs median 84.49%). Compared with the median in Americas, Uruguay is lower (52.46% vs regional median 78.04%) and ranks 24th out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 52.46%
2023 52.91%
2022 61.03%
2021 58.32%
2020 47.73%
2019 49.74%
2018 47.79%
2017 46.38%
2016 48.47%
2015 45.33%
2014 49.09%
2013 49.72%
2012 55.06%
2011 53.25%
2010 51.7%
2009 53.39%
2008 65.21%
2007 59.21%
2006 61.97%
2005 58.88%
2004 61.48%
2003 51.76%
2002 40.03%
2001 36.31%
2000 36.71%
1999 33.39%
1998 35.64%
1997 37.71%
1996 39.53%
1995 38.1%
1994 40.15%
1993 38.68%
1992 40.07%
1991 38.55%
1990 41.63%
1989 41.19%
1988 39.79%
1987 40.85%
1986 46.48%
1985 47.86%
1984 47.96%
1983 49.29%
1982 31.62%
1981 34.24%
1980 35.66%
1979 38%
1978 40%
1977 42.55%
1976 39.64%
1975 37.06%
1974 31.27%
1973 19.92%
1972 30.33%
1971 21.72%
1970 29.09%
1969 25.53%
1968 27.39%
1967 27.79%
1966 28.62%
1965 29.87%
1964 23.28%
1963 24.03%
1962 25.77%
1961 28.98%
1960 32.41%
Uruguay Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Uruguay divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $9.19B $11.18B 2023
Annual Imports $12.49B $12.97B 2023
Exports (% GDP) 28.76% 28.14% 2024
FDI Inflows (% GDP) -3.14% -6.89% 2024
Imports (% GDP) 23.7% 24.77% 2024
Net Trade (Goods & Services, BoP) $4.21B $2.69B 2024
Tariff Rate 9.9% 9.88% 2022