Uruguay: Recent Economic Developments

September 16, 1996

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Uruguay: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 22, 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:

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DOI:

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Issue:

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Series:

Country Report No. 1996/094
Stock No:

1URYEA0011996
ISBN:

9781451839197
ISSN:

1934-7685

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