Uruguay Current Account to GDP

Uruguay recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2020. Current Account to GDP in Uruguay averaged -1.43 percent from 1980 until 2020, reaching an all time high of 2.80 percent in 2002 and a record low of -6.34 percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides the latest reported value for - Uruguay Current Account to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Uruguay recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2020. Current Account to GDP in Uruguay averaged -1.43 percent from 1980 until 2020, reaching an all time high of 2.80 percent in 2002 and a record low of -6.34 percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides the latest reported value for - Uruguay Current Account to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.