10 years of economic growth

Uruguay’s GDP expanded a strong 3.5% during 2014 over the previous year, with positive activity in most sectors of the economy, according to the latest report from the Central Bank.

With this latest report Uruguay has experienced one of its longest and solid growth periods in recent history, beginning in late 2003, following on the banking crisis of 2002 as a consequence of the melting of the Argentine economy. Since then the Uruguayan economy has not ceased to expand speared by the commodities boom and a massive influx of foreign capital looking for higher dollar yields as a result of the US Federal Reserve quantitive easing policies.