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Economy of Ukraine vs Uruguay compared: GDP & Debt

Updated on by Georank

Ukraine has a GDP of $214B compared to $85.3B for Uruguay, ranking 57/197 and 84/197 by economy size, respectively.

Ukraine has $233B in government debt (108.7% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Ukraine vs Uruguay GDP by year

Ukraine
Uruguay
1x
Year GDP, current $
Ukraine Uruguay
2025 $214,233,312,784 $85,347,696,278
2024 $190,833,835,445 $82,322,859,144
2023 $181,221,517,869 $79,208,725,900
2022 $161,989,520,721 $71,240,669,088
2021 $199,765,859,571 $60,739,061,281
2020 $156,617,722,013 $53,559,354,501
2019 $153,883,047,510 $62,222,324,965
2018 $130,891,088,294 $65,344,577,416
2017 $112,090,505,082 $65,006,039,810
2016 $93,355,869,404 $57,480,787,465
2015 $91,030,967,789 $57,680,327,999
2014 $133,503,871,862 $61,496,186,974
2013 $190,498,811,460 $61,337,621,934
2012 $182,591,753,828 $54,232,266,359
2011 $169,333,835,202 $50,342,406,067
2010 $141,209,170,427 $41,950,361,212
2009 $121,552,153,444 $32,708,319,078
2008 $188,110,390,660 $31,119,602,539
2007 $148,733,861,386 $23,797,773,024
2006 $111,884,752,475 $19,741,420,740
2005 $89,238,865,119 $17,362,857,684
2004 $67,220,154,164 $13,686,329,890
2003 $52,010,355,753 $12,045,638,352
2002 $43,956,163,612 $13,606,515,723
2001 $39,309,580,983 $20,898,761,742
2000 $32,375,083,935 $22,823,270,892
1999 $31,580,639,554 $23,983,945,191
1998 $41,882,523,345 $25,385,886,978
1997 $50,151,531,592 $23,969,739,234
1996 $44,558,831,005 $20,515,458,114
1995 $48,213,856,469 $19,297,663,097
1994 $52,549,580,265 $17,474,588,896
1993 $65,648,559,903 $15,002,136,971
1992 $73,945,908,384 $12,878,148,791
1991 $77,350,733,982 $11,206,176,651
1990 $81,393,558,423 $9,298,807,850
1989 $82,709,161,099 $8,438,951,476
1988 $74,703,517,903 $8,213,538,369
1987 $64,087,694,038 $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

GDP per capita in Ukraine vs Uruguay by year

Ukraine
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ukraine Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,496 - $25,216 -
2024 $5,040 $18,549 $24,308 $36,418
2023 $4,803 $17,665 $23,379 $34,471
2022 $3,946 $14,770 $21,009 $33,001
2021 $4,510 $17,846 $17,882 $29,432
2020 $3,505 $15,541 $15,758 $25,725
2019 $3,423 $14,217 $18,316 $25,783
2018 $2,895 $12,555 $19,250 $24,386
2017 $2,467 $11,536 $19,185 $23,607
2016 $2,047 $10,865 $17,010 $22,841
2015 $1,988 $9,922 $17,126 $22,169
2014 $2,904 $10,494 $18,322 $21,868
2013 $4,130 $10,904 $18,335 $20,661
2012 $3,951 $9,552 $16,260 $19,495
2011 $3,657 $9,127 $15,132 $19,135
2010 $3,040 $8,453 $12,641 $17,873
2009 $2,607 $7,995 $9,881 $16,422
2008 $4,018 $9,324 $9,424 $15,694
2007 $3,160 $8,900 $7,222 $14,397
2006 $2,366 $7,971 $6,001 $13,179
2005 $1,875 $7,142 $5,284 $12,296
2004 $1,401 $6,663 $4,169 $11,103
2003 $1,076 $5,764 $3,671 $10,303
2002 $903 $5,123 $4,150 $10,030
2001 $800 $4,747 $6,383 $10,719
2000 $653 $4,228 $6,988 $10,929
1999 $632 $3,871 $7,371 $10,938
1998 $831 $3,794 $7,837 $11,002
1997 $987 $3,794 $7,436 $10,461
1996 $870 $3,812 $6,398 $9,524
1995 $933 $4,124 $6,050 $8,906
1994 $1,009 $4,565 $5,508 $8,897
1993 $1,254 $5,766 $4,753 $8,162
1992 $1,413 $6,568 $4,102 $7,808
1991 $1,483 $7,148 $3,589 $7,112
1990 $1,564 $7,591 $2,995 $6,683
1989 $1,593 - $2,734 -
1988 $1,444 - $2,677 -
1987 $1,244 - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

Ukraine's GDP per capita is $5,496, ranking 118/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Ukraine ranks 101st at $18,549, while Uruguay ranks 61st at $36,418.

Economic indicators

Ukraine Uruguay
Gross domestic product
$214B
2025
$85.3B
2025
GDP rank
57/197
2025
84/197
2025
GDP growth
1.82%
2024-2025
1.78%
2024-2025
GDP per capita
$5,496
2025
$25,216
2025
GDP per capita rank
118/197
2025
54/197
2025
GDP per capita, PPP
$18,549
2024
$36,418
2024
GDP per capita PPP rank
101/197
2024
61/197
2024
Government debt
$233B
2025
$56B
2025
Debt-to-GDP ratio
108.7%
2025
65.7%
2025
Government debt per person
$5,977
2025
$16,559
2025
Government debt per person rank
76/185
2025
41/185
2025
Average annual personal income after taxes
$5,580
2026
$14,046
2026
Market capitalization of domestic companies
$4.42B
2018
$284M
1996
Number of billionaires
7
2026
n/a
Income share by richest 10%
21.7%
2020
30%
2024
Income share by poorest 10%
4.3%
2020
2.2%
2024
Government expenditure, % of GDP
74.5%
2025
31.5%
2025
Consumer prices inflation
12.7%
2024-2025
4.65%
2024-2025
Central bank interest rate
15.5%
2025
5.75%
2026
Unemployment rate
9.83%
2021
8.21%
2024
Population
40408451
3382672

Spending and national debt comparison by year

Ukraine
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Ukraine Uruguay
Government spending Government debt Government spending Government debt
2025 74.5% 108.7% 31.5% 65.7%
2024 71.2% 89.7% 30.6% 67.6%
2023 73.4% 81.2% 30.1% 63%
2022 65.4% 77.7% 29.7% 59.4%
2021 40.5% 48.9% 30.2% 64.1%
2020 45.6% 60.5% 32.8% 68.2%
2019 41.5% 50.5% 30.6% 59.6%
2018 41.9% 60.4% 30.3% 57.9%
2017 41.7% 71.6% 29.7% 55.8%
2016 40.8% 79.5% 29.7% 56.4%
2015 43% 79.3% 28.4% 57.8%
2014 44.8% 70.3% 29.1% 51.1%
2013 46.3% 39% 28.8% 50%
2012 47.1% 36.1% 27.7% 49.8%
2011 44% 35.5% 26.3% 41.3%
2010 47.3% 39.1% 27.4% 40.9%
2009 46.8% 34.1% 27.2% 46.2%
2008 45.4% 19.7% 26.3% 46.2%
2007 42.1% 11.8% 26.8% 52.8%
2006 42.9% 14.3% 26.8% 61.1%
2005 42.6% 17.1% 26.3% 66.2%
2004 40.1% 23.9% 26.6% 73.7%
2003 37.5% 28.3% 27.7% 91.9%
2002 36.5% 32.3% 27.6% 90.1%
2001 35.3% 35.3% 27.8% 39.4%
2000 35.4% 43.7% 26.6% 30.5%
1999 26.7% 61% 27.2% 24.1%
1998 38.4% 48.1% 27.3% 19.4%
1997 42.2% 29.9% 27.6% 18.8%
1996 38.2% 24.4% 26.5% 18.3%
1995 42.7% 30.2% 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

In 2025, Ukraine's government spending was $160B, accounting for 74.5% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 108.7% in Ukraine and 65.7% in Uruguay, ranking 16/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Ukraine

Uruguay
1x
Year Deficit/surplus, % of GDP
Ukraine Uruguay
2025 -23.3% -3.36%
2024 -17.2% -3.16%
2023 -19.3% -3.09%
2022 -15.6% -2.5%
2021 -3.97% -2.61%
2020 -5.92% -4.64%
2019 -2.08% -2.71%
2018 -2.12% -1.89%
2017 -2.36% -2.51%
2016 -2.46% -2.68%
2015 -1.16% -1.86%
2014 -4.46% -2.6%
2013 -4.6% -1.72%
2012 -4.15% -2.17%
2011 -2.66% -0.33%
2010 -5.56% -0.39%
2009 -6.04% -1.39%
2008 -3.02% -1.31%
2007 -1.89% -0.16%
2006 -1.31% -0.64%
2005 -2.19% -0.28%
2004 -4.25% -0.87%
2003 -0.86% -2.19%
2002 -1.77% -3.19%
2001 -2.92% -2.85%
2000 -3.18% -2.76%
1999 5.12% -2.76%
1998 -2.78% -0.76%
1997 -5.56% -0.97%
1996 -3.2% -1.32%
1995 -4.88% -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

In 2025, Ukraine's government deficit, the difference between spending and revenue, was $50B, equivalent to 23.3% of GDP. This compares to Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 31 years, Ukraine recorded a fiscal deficit in 30 of those years, while Uruguay ran a deficit in 31 years. On average, Ukraine posted an annual deficit equal to 5.02% of GDP, compared to deficit of 1.96% of GDP for Uruguay.

Inflation comparison by year

Inflation
Ukraine

Uruguay
1x
Year Consumer prices inflation
Ukraine Uruguay
2025 12.7% 4.65%
2024 6.5% 4.85%
2023 12.9% 5.87%
2022 20.2% 9.1%
2021 9.4% 7.75%
2020 2.7% 9.76%
2019 7.9% 7.88%
2018 10.9% 7.61%
2017 14.4% 6.22%
2016 13.9% 9.64%
2015 48.7% 8.67%
2014 12.1% 8.88%
2013 -0.3% 8.58%
2012 0.6% 8.1%
2011 8% 8.09%
2010 9.4% 6.7%
2009 15.9% 7.06%
2008 25.2% 7.88%
2007 12.8% 8.11%
2006 9.1% 6.4%
2005 13.5% 4.7%
2004 9% 9.16%
2003 5.2% 19.4%
2002 0.8% 14%
2001 12% 4.36%
2000 28.2% 4.76%
1999 22.7% 5.66%
1998 10.6% 10.8%
1997 15.9% 19.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

Over the past 29 years, Ukraine has recorded an average annual inflation rate of 12.8%, compared with 8.43% in Uruguay. In 2025, inflation was 12.7% in Ukraine and 4.65% in Uruguay.

Top exports between countries

Ukraine
Export category Export value
Raw materials & minerals $2.05M
Metals $331K
Machinery & equipment $307K
Textiles & consumer goods $81K
Chemicals & pharma $34K
Processed food, beverages & tobacco $32K
Wood & paper products $24K
Raw agricultural goods $18K
Miscellaneous $3K
Uruguay
Export category Export value
Animal & marine products $825K
Processed food, beverages & tobacco $349K
Raw agricultural goods $266K
Chemicals & pharma $135K
Machinery & equipment $53K
Textiles & consumer goods $13K

Balance of trade

Ukraine Uruguay
Current account balance
-$15.2B
2024
-$374M
2025
Current account balance ranking
180/190
2024
100/190
2025
Current account balance, % of GDP
-7.96%
2024
-0.44%
2025
Goods imports
$72.3B
2024
$13.6B
2025
Goods exports
$39.3B
2024
$16.1B
2025
Service imports
$23.1B
2024
$5.96B
2025
Service exports
$17.3B
2024
$7.39B
2025
Imports of goods and services, % of GDP
51.8%
2025
22.6%
2025
Exports of goods and services, % of GDP
25.3%
2025
27.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ukraine Uruguay
Economic freedom 54.1 69.8
Economic freedom ranking 135/197 39/197
Property rights 21.6 87.4
Government integrity 35 79
Judicial effectiveness 28.2 80.9
Tax burden 83.7 73.3
Government spending 0 72
Fiscal health 3.9 76.6
Business freedom 57.4 83.8
Labor freedom 46.9 61.7
Monetary freedom 65.7 70.2
Trade freedom 73 73.2
Investment freedom 35 50
Financial freedom 30 30

Economic freedom comparison by year

Ukraine
Uruguay
1x
Year Economic freedom index
Ukraine Uruguay
2026 - 69.8
2025 - 70.2
2024 - 69.8
2023 - 70.2
2022 54.1 70
2021 56.2 69.3
2020 54.9 69.1
2019 52.3 68.6
2018 51.9 69.2
2017 48.1 69.7
2016 46.8 68.8
2015 46.9 68.6
2014 49.3 69.3
2013 46.3 69.7
2012 46.1 69.9
2011 45.8 70
2010 46.4 69.8
2009 48.8 69.1
2008 51 67.9
2007 51.5 68.4
2006 54.4 65.3
2005 55.8 66.9
2004 53.7 66.7
2003 51.1 69.8
2002 48.2 68.7
2001 48.5 70.7
2000 47.8 69.3
1999 43.7 68.5
1998 40.4 68.6
1997 43.5 67.5
1996 40.6 63.7
1995 39.9 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

The Economic Freedom Index for Ukraine is 54.1, ranking 135/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ukraine Uruguay
Services, % of GDP
61%
2025
65.2%
2025
Industry, % of GDP
17.9%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
7.57%
2025
6.38%
2025
GNI, Atlas method
$201B
2025
$81.3B
2025
GNI per capita, PPP
$18,750
2025
$36,330
2025
Total reserves including gold
$57.3B
2025
$19B
2025
Total reserves ranking
43/177
2025
67/177
2025
Net foreign direct investment
-$3.71B
2024
-$457M
2025
Net inflows of foreign direct investment
$4.02B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$305M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
23.2%
2020
17.3%
2024
Gross capital formation, % of GDP
20.8%
2025
16.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.