Source: world bank Nominal/PPP
Summary:
Uruguay GDP Per Capita expanded from 1960 to 2024, increasing from $1.24 to $80.96 .The compound annual growth rate (CAGR) averaged 6.75% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 57.19%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Uruguay Economic Phases (1960 - 2024)
From 1960 to 2024, Uruguay economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- Contraction (1965–1966) indicating temporary slowdown
- High Growth (1969–1971) indicating robust economic expansion
- High Growth (1977–1981) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- Contraction (1984–1985) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1998) indicating robust economic expansion
- Contraction (1999–2001) indicating temporary slowdown
- Crisis (2002–2003) indicating severe economic downturn
- High Growth (2004–2013) indicating robust economic expansion
- Contraction (2015–2016) indicating temporary slowdown
- High Growth (2021–2023) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1973 with an increase of 81.066%, while the largest decline was in 1983 at -44.412%.