Trade Balance in Uruguay

Uruguay Trade Balance | Economic News & Forecasts

Uruguay - Trade Balance

Growth ran out of steam in the final quarter of last year, decelerating to a near three-year low. The cooling was chiefly driven by weaker metrics on the domestic front: Household spending dipped for the first time since Q1 2016 as weak labor market dynamics, high inflation and a weak peso weighed on consumer demand in Q4. Furthermore, fixed investment contracted in the same period, driven by a slump in private sector investment activity. On a more positive note, external sector figures improved somewhat from Q3, mainly thanks to a smaller contraction in exports. Turning to this year, the soft momentum appears to have carried over into Q1 2019: Goods exports fell again in January-February, while elevated unemployment in January, as well as rising inflation and a weaker peso in Q1, signaled sustained headwinds to consumer demand.

Uruguay - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)1.8  1.6  1.2  0.6  0.0  

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Uruguay Trade Balance Chart

Uruguay Trade
Note: Trade balance in USD billion.
Source: Central Bank of Uruguay and Met the why particular calculations.

Uruguay Facts

Exchange Rate34.280.24 %Apr 22

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