The Uruguayan economy has managed to achieve year-on year growth over the past decade, averaging at 4.8% p.a. Growth reached peak levels of almost 8% in 2010, but has been slowing since – chiefly due to the slowdown of the country’s trading partners.
gasworld Business Intelligence predict continued growth over the next five years. However, growth levels of the last 10 years cannot be expected going forward – the economy is expected to continue to slow as Brazil and Argentina face increase pressures. Average annual growth rates of between 3.6% and 7.0% can be expected up to 2020.
Report Data: 2015