IMF Staff Country Reports

Uruguay: Recent Economic Developments

September 16, 1996

Preview Citation

Format: Chicago

Uruguay: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 25, 2024

Summary

This paper describes economic developments in Uruguay during the 1990s. Real GDP expanded on average by more than 4 percent a year in 1990–94 and fell by 2½ percent in 1995. The rapid growth of output during 1990–94 reflected buoyant external demand from Uruguay’s main trading partners (Argentina and Brazil), as well as progress in strengthening the public finances, reducing wage indexation, opening the economy, and curtailing government intervention. Consumer price inflation fell steadily from almost 130 percent during 1990 to 35 percent during 1995.

Subject: Bank deposits, Banking, Commercial banks, Currencies, Economic sectors, External debt, Financial institutions, Money, Public enterprises, Public sector

Keywords: Asia and Pacific, Banco de la República Oriental del Uruguay, Central bank, Central bank of Uruguay, Commercial banks, CR, Currencies, Europe, Exchange rate, Foreign currency, ISCR, Net, Public enterprises, Public sector, Uruguay, Uruguayan peso, Western Hemisphere

Publication Details

  • Pages:

    117

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1996/094

  • Stock No:

    1URYEA0011996

  • ISBN:

    9781451839197

  • ISSN:

    1934-7685

You May Also Be Interested In...

Sierra Leone: Poverty Reduction and Growth Strategy

November 22, 2024

Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone

November 22, 2024

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

Bilateral Trade in Services and Exchange Rates: Evidence of Dominant Currency Pricing

November 22, 2024