Uruguay: Recent Economic Developments

International Monetary Fund

No 1996/094, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; foreign currency; Uruguayan peso; Uruguay; central bank; net; central bank of Uruguay; exchange rate; Banco de la República Oriental del Uruguay; Public sector; Currencies; Public enterprises; Commercial banks; Western Hemisphere; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 117
Date: 1996-09-16
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