Merchandise trade as a proportion of GDP (%) in Uruguay
Uruguay: Merchandise trade as a proportion of GDP (%) was 28.1% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Uruguay, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Uruguay recorded 28.1% for merchandise trade as a proportion of gdp in 2024.
That represents a change of up 1.0% on the previous year and down 16.1% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Uruguay peaked at 48.2% in 2008 and was at its lowest, 24.5%, in 2001.
That places Uruguay 197th out of 220 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Uruguay, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 25.2% | — |
| 2001 | 24.5% | -2.9% |
| 2002 | 28.1% | +14.7% |
| 2003 | 36.5% | +29.8% |
| 2004 | 44.2% | +21.0% |
| 2005 | 42.0% | -4.8% |
| 2006 | 44.6% | +5.9% |
| 2007 | 42.6% | -4.3% |
| 2008 | 48.2% | +13.1% |
| 2009 | 37.6% | -22.0% |
| 2010 | 36.6% | -2.8% |
| 2011 | 37.0% | +1.2% |
| 2012 | 37.5% | +1.4% |
| 2013 | 33.8% | -10.1% |
| 2014 | 33.5% | -0.7% |
| 2015 | 29.8% | -11.2% |
| 2016 | 26.4% | -11.3% |
| 2017 | 25.1% | -4.8% |
| 2018 | 25.1% | -0.2% |
| 2019 | 25.6% | +2.0% |
| 2020 | 26.9% | +5.2% |
| 2021 | 32.7% | +21.3% |
| 2022 | 34.2% | +4.7% |
| 2023 | 27.8% | -18.7% |
| 2024 | 28.1% | +1.0% |
Uruguay compared with similar countries
- Uruguay's 28.1% is below the median for high income countries, which is 56.9%, 49% of the median. (73 countries reporting)
- Uruguay's 28.1% is below the median for Latin America & Caribbean, which is 43.3%, 65% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.4% | 24.5% | 48.2% | 10 |
| 2010s | 31.0% | 25.1% | 37.5% | 10 |
| 2020s | 30.0% | 26.9% | 34.2% | 5 |
Countries ranked near Uruguay
More economy & growth data for Uruguay
- Real gdp growth, annual growth rate 336.48 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.2 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0102 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 258.23 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4283 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 188.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Uruguay?
- Merchandise trade as a proportion of gdp in Uruguay was 28.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Uruguay?
- The highest recorded value was 48.2% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Uruguay?
- The lowest recorded value was 24.5% in 2001.
- How does Uruguay rank for merchandise trade as a proportion of gdp?
- Uruguay ranks 197th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Uruguay?
- Over the last ten years it is down 16.1%. The long-run trend across the full record is falling.
- Where does this Uruguay data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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