Investor Presentaiton
Leading indicators anticipate a slower economic growth compared to
the previous estimate made at the beginning of the year, weighed
down by a severe drought and lower regional and global demand.
Exports of goods and commodities prices (1)
Exports of goods
(YoY % change)
75
Commodities prices
(Index base 100-Jan 2017)
160
Industrial Production (2)
(YoY real change, in %)
30
50
25
-25
-50
Dec-20
Aug-21
Tax revenue collection (3)
(YoY real change, in %)
20
10
140
20
123.0 120
10
100
-29.1
80
Apr-22
-10
Dec-22
Aug-23
Nov-20
Jul-21
Net Tourism Balance (4)
-3.5
م
3.3
Mar-22
Nov-22
Jul-23
(Rolling 4-quarters, in millions of dollars)
1,600
1,200
800
400
Total Balance
Balance with
Argentina
-53.2
-10
-171.2
-400
Dec-20
Aug-21
Apr-22
Dec-22
Aug-23
Dec-17
Oct-19
Aug-21
Jun-23
(1) Source: BCU and CPA Ferrere, based on Bloomberg and of Meat of Uruguay (INAC). Exports of goods are expressed in millions of dollars and calculations are carried out by the Ministry of Economy and Finance. The
commodities prices index is a weighted average of soybeans, meat, rice, dairy products, and pulp export prices (2) Source: Ministry of Economy and Finance calculations based on data from the National Institute of
Statistics. Data does not include production from the state-owned refinery. Net Tourism Balance is defined as the difference between inbound and outbound tourism expenditure.
(3) Source: Tax Collection Office, Ministry of Economy and Finance.
5
(4) Source: Ministry of Tourism. Information for 2020 and 2021 are estimates by the Ministry of Economy and Finance, based on migration data.View entire presentation