General Information

Besides being considered as one of the world's major meat producers, the country also exports agricultural (23%) and dairy products (9%).
(Source: Banco Central BCU)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 58,415

millions

1.1%

 

USD 16,722

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 3.2% 0.4% 1.5% 3.1% 2.7% 3.3%
Nominal GDP (USD millions) 57,236 53,275 52,420 58,415 63,750 65,920
GDP per Head (USD) 16,572 15,366 15,062 16,722 18,183 18,733
Inflation (%) 8.3% 9.4% 8.1% 6.6% 7.0% 6.6%
Fiscal Balance (% GDP) -3.5% -3.6% -3.9% -3.5% -3.1% -3.0%
General Govt. gross debt (% GDP) 61.4% 64.6% 61.9% 66.2% 66.2% 65.2%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
Brazil 17.1%   China   18.8%
China 12.7%   Brazil   18.0%
US 6.5%   Argentina   13.3%
Argentina 5.2%   US   6.9%
           
By products     By products  
Agricultural products 74.9%   Manufactures 67.2%
Manufactures 23.2%   Fuels and mining prod. 19.3%
Fuels and mining prod. 0.8%   Agricultural products 13.5%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 13,772 11,145 10,758 12,123 12,499 13,222
Exports growth (%) 3.6% -19.1% -3.5% 12.7% 3.1% 5.8%
Imports of Goods 11,756 9,802 8,427 8,760 9,851 10,636
Imports growth (%) -3.4% -16.6% -14.0% 4.0% 12.5% 8.0%
Foreign Trade (% GDP) 45% 39% 37% 36% 35% 36%
             
Current Account Balance -1,733 -378 826 1,706 815 422
% GDP -3.0% -0.7% 1.6% 2.8% 1.3% 0.6%
Foreign Direct Investment 3,831 2,436 -353 -90 1,938 1,712
% GDP 6.7% 4.6% -0.7% -0.1% 3.0% 2.6%
   

 

Disclaimer

This presentation has been prepared by Banco Latinoamericano de Comercio Exterior, S.A. (“BLADEX”) for information purposes only.

Although the information contained in this presentation has been obtained from sources which BLADEX believes to be reliable, it has not been independently verified and no representation or warranty, express or implied, is made and no responsibility is or will be accepted by BLADEX as to or in relation to the accuracy, reliability or completeness of any such information.

 The information and opinions contained in this presentation are not intended to be the sole basis upon determinations as to the advisability of any transaction contemplated herein. Accordingly, recipient(s) hereof should make their own judgment and assessment of the information contained in this presentation. Any views expressed herein reflect the judgment of BLADEX as of the date of this presentation and may be subject to change without notice whether or not BLADEX becomes aware of any information, or whether specific to a transaction or in general (including changes in prevailing capital markets conditions), which may have a material impact on any such views. BLADEX will not be responsible for any consequences resulting from the use of this presentation or reliance upon any view or statement contained herein or for any omission.

This presentation may not be reproduced (in whole or in part) or summarized or distributed without the prior written permission of BLADEX.

BLADEX does not provide any tax, legal, economic or accounting advice and you should seek independent professional advice as appropriate. Accordingly, any discussions of tax, legal, economic or accounting matters contained in this presentation (including any attachments) are not written or intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under any applicable laws or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.