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Economy of Uruguay vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Uruguay has a GDP of $81B compared to $115B for Uzbekistan, ranking 81/197 and 66/197 by economy size, respectively.

Uruguay has $55.6B in government debt (68.7% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Uruguay vs Uzbekistan GDP by year

Uruguay
Uzbekistan
1x
Year GDP, current $
Uruguay Uzbekistan
2024 $80,961,511,074 $114,965,293,467
2023 $77,991,666,838 $102,641,879,249
2022 $70,594,110,920 $90,095,926,567
2021 $60,739,084,241 $77,340,060,003
2020 $53,559,359,262 $66,443,265,418
2019 $62,222,313,619 $67,293,639,798
2018 $65,344,577,416 $58,695,899,092
2017 $65,005,997,963 $69,703,222,283
2016 $57,480,787,465 $86,138,288,644
2015 $57,680,327,999 $86,196,264,755
2014 $61,496,186,974 $80,845,385,809
2013 $61,337,621,934 $73,180,037,915
2012 $54,232,266,359 $67,517,349,212
2011 $50,342,406,067 $60,178,909,297
2010 $41,950,361,212 $49,765,676,402
2009 $32,708,319,078 $33,689,223,673
2008 $31,119,602,539 $29,549,438,884
2007 $23,797,773,024 $22,311,393,928
2006 $19,741,420,740 $17,330,833,853
2005 $17,362,857,684 $14,307,509,839
2004 $13,686,329,890 $12,030,023,548
2003 $12,045,638,352 $10,134,453,435
2002 $13,606,515,723 $9,687,788,513
2001 $20,898,761,742 $11,401,421,329
2000 $22,823,270,892 $13,760,513,969
1999 $23,983,945,191 $17,078,465,982
1998 $25,385,886,978 $14,988,971,211
1997 $23,969,739,234 $14,744,603,774
1996 $20,515,458,114 $13,948,892,216
1995 $19,297,663,097 $13,350,461,265
1994 $17,474,588,896 $12,899,074,922
1993 $15,002,136,971 $13,099,920,056
1992 $12,878,148,791 $12,953,801,760
1991 $11,206,176,651 $13,800,167,712
1990 $9,298,807,850 $13,362,340,338
1989 $8,438,951,476 $11,948,815,258
1988 $8,213,538,369 $10,722,799,639
1987 $7,367,494,080 $8,523,160,593
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Uruguay vs Uzbekistan by year

Uruguay
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Uruguay Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,907 $36,418 $3,162 $11,879
2023 $23,019 $34,471 $2,879 $11,107
2022 $20,819 $33,001 $2,579 $10,293
2021 $17,882 $29,432 $2,259 $9,248
2020 $15,758 $25,725 $1,978 $8,452
2019 $18,316 $25,783 $2,041 $8,544
2018 $19,250 $24,386 $1,813 $8,129
2017 $19,185 $23,607 $2,191 $7,818
2016 $17,010 $22,841 $2,753 $6,919
2015 $17,126 $22,169 $2,803 $6,800
2014 $18,322 $21,868 $2,675 $6,610
2013 $18,335 $20,661 $2,462 $6,413
2012 $16,260 $19,495 $2,307 $6,168
2011 $15,132 $19,135 $2,088 $5,949
2010 $12,641 $17,873 $1,753 $5,505
2009 $9,881 $16,422 $1,206 $5,135
2008 $9,424 $15,694 $1,075 $4,800
2007 $7,222 $14,397 $824 $4,386
2006 $6,001 $13,179 $649 $3,956
2005 $5,284 $12,296 $543 $3,618
2004 $4,169 $11,103 $462 $3,321
2003 $3,671 $10,303 $394 $3,047
2002 $4,150 $10,030 $381 $2,902
2001 $6,383 $10,719 $454 $2,782
2000 $6,988 $10,929 $555 $2,644
1999 $7,371 $10,938 $698 $2,522
1998 $7,837 $11,002 $621 $2,418
1997 $7,436 $10,461 $621 $2,329
1996 $6,398 $9,524 $597 $2,214
1995 $6,050 $8,906 $583 $2,178
1994 $5,508 $8,897 $574 $2,197
1993 $4,753 $8,162 $596 $2,318
1992 $4,102 $7,808 $603 $2,371
1991 $3,589 $7,112 $658 $2,676
1990 $2,995 $6,683 $653 $2,665
1989 $2,734 - $598 -
1988 $2,677 - $551 -
1987 $2,416 - $450 -
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 (1960–2024, retrieved 2026-04-06).

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

Uruguay's GDP per capita is $23,907, ranking 52/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Uruguay ranks 61st at $36,418, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Uruguay Uzbekistan
Gross domestic product
$81B
2024
$115B
2024
GDP rank
81/197
2024
66/197
2024
GDP growth
3.11%
2023-2024
6.5%
2023-2024
GDP per capita
$23,907
2024
$3,162
2024
GDP per capita rank
52/197
2024
139/197
2024
GDP per capita, PPP
$36,418
2024
$11,879
2024
GDP per capita PPP rank
61/197
2024
125/197
2024
Government debt
$55.6B
2024
$37.5B
2024
Debt-to-GDP ratio
68.7%
2024
32.7%
2024
Government debt per person
$16,421
2024
$1,032
2024
Government debt per person rank
38/185
2024
141/185
2024
Average annual personal income after taxes
$12,433
2026
$3,658
2026
Market capitalization of domestic companies
$284M
1996
$18.8B
2024
Income share by richest 10%
30%
2024
25.7%
2024
Income share by poorest 10%
2.2%
2024
2.3%
2024
Government expenditure, % of GDP
31.1%
2024
27.6%
2024
Consumer prices inflation
4.85%
2023-2024
9.6%
2023-2024
Central bank interest rate
8.25%
2025
14%
2025
Unemployment rate
8.21%
2024
5.29%
2020
Population
3382789
37939105

Spending and national debt comparison by year

Uruguay
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Uruguay Uzbekistan
Government spending Government debt Government spending Government debt
2024 31.1% 68.7% 27.6% 32.7%
2023 30.5% 64% 29.9% 32.2%
2022 30% 59.9% 31.3% 30.5%
2021 30.2% 64.1% 27.4% 31.7%
2020 32.8% 68.2% 26% 33.7%
2019 30.6% 59.6% 24.4% 25.4%
2018 30.3% 57.9% 22.2% 17.5%
2017 29.7% 55.8% 19.9% 17.3%
2016 29.7% 56.4% 23.3% 8.19%
2015 28.4% 57.8% 24.6% 6.72%
2014 29.1% 51.1% 24.9% 6.09%
2013 28.8% 50% 25.2% 6.23%
2012 27.7% 49.8% 23.9% 6.76%
2011 26.3% 41.3% 23.7% 6.33%
2010 27.4% 40.9% 26.4% 6.61%
2009 27.2% 46.2% 27.5% 7.3%
2008 26.3% 46.2% 26.5% 8.33%
2007 26.8% 52.8% 24.8% 9.56%
2006 26.8% 61.1% 24.7% 13.5%
2005 26.3% 66.2% 28.1% 21%
2004 26.6% 73.7% 29.4% 26.9%
2003 27.7% 91.9% 31.5% 31.4%
2002 27.6% 90.1% 34.6% 41.6%
2001 27.8% 39.4% 30.6% 44.8%
2000 26.6% 30.5% 32.9% 29.5%
1999 27.2% 24.1% 33.6% 18.4%
1998 27.3% 19.4% 35.1% 18%
1997 27.6% 18.8% 31.8% 15.3%
1996 26.5% 18.3% 35.1% -
1995 26.2% 18.5% 29.4% -
1994 29.5% 19.3% 27.1% -
1993 27.7% 20% 39.6% -
1992 23.6% 22.2% 18% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Uruguay's government spending was $25.2B, accounting for 31.1% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 68.7% in Uruguay and 32.7% in Uzbekistan, ranking 59/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Uruguay

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Uruguay Uzbekistan
2024 -3.22% -2.37%
2023 -3.13% -4.03%
2022 -2.52% -3.65%
2021 -2.61% -4.1%
2020 -4.64% -2.95%
2019 -2.71% -0.3%
2018 -1.89% 1.64%
2017 -2.51% 1.04%
2016 -2.68% 0.7%
2015 -1.86% -0.28%
2014 -2.6% 1.9%
2013 -1.72% 2.15%
2012 -2.17% 5.89%
2011 -0.33% 5.11%
2010 -0.39% 2.56%
2009 -1.39% 1.82%
2008 -1.31% 5.97%
2007 -0.16% 3.55%
2006 -0.64% 2.72%
2005 -0.28% -3.52%
2004 -0.87% -3.74%
2003 -2.19% -4.87%
2002 -3.19% -6.31%
2001 -2.85% -3.28%
2000 -2.76% -3.66%
1999 -2.76% -2.91%
1998 -0.76% -3.04%
1997 -0.97% -2.05%
1996 -1.32% -1.57%
1995 -1.08% -1.77%
1994 -2.37% -4.47%
1993 -0.47% -12%
1992 0.6% 7.15%
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

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

In 2024, Uruguay's government deficit, the difference between spending and revenue, was $2.6B, equivalent to 3.22% of GDP. This compares to Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Uruguay recorded a fiscal deficit in 32 of those years, while Uzbekistan ran a deficit in 20 years. On average, Uruguay posted an annual deficit equal to 1.81% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Uruguay

Uzbekistan
1x
Year Consumer prices inflation
Uruguay Uzbekistan
2024 4.85% 9.6%
2023 5.87% 10%
2022 9.1% 11.4%
2021 7.75% 10.8%
2020 9.76% 12.9%
2019 7.88% 14.5%
2018 7.61% 17.5%
2017 6.22% 13.9%
2016 9.64% 8.8%
2015 8.67% 8.5%
2014 8.88% 9.1%
2013 8.58% 11.7%
2012 8.1% 11.9%
2011 8.09% 12.4%
2010 6.7% 12.3%
2009 7.06% 12.3%
2008 7.88% 13.1%
2007 8.11% 11.2%
2006 6.4% 13.1%
2005 4.7% 10.7%
2004 9.16% 7.3%
2003 19.4% 12.5%
2002 14% 27.3%
2001 4.36% 27.3%
2000 4.76% 25%
1999 5.66% 29.1%
1998 10.8% 29%
1997 19.8% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Uruguay has recorded an average annual inflation rate of 8.56%, compared with 16.6% in Uzbekistan. In 2024, inflation was 4.85% in Uruguay and 9.6% in Uzbekistan.

Top exports between countries

Uruguay
Export category Export value
Textiles & consumer goods $17K
Machinery & equipment $12K
Chemicals & pharma $6K
Uzbekistan
Export category Export value
Textiles & consumer goods $112K

Balance of trade

Uruguay Uzbekistan
Current account balance
-$633M
2024
-$5.71B
2024
Current account balance ranking
111/190
2024
169/190
2024
Current account balance, % of GDP
-0.78%
2024
-4.97%
2024
Goods imports
$13B
2024
$33.2B
2024
Goods exports
$16.3B
2024
$19.6B
2024
Service imports
$6.22B
2024
$10.5B
2024
Service exports
$7.1B
2024
$6.55B
2024
Imports of goods and services, % of GDP
23.7%
2024
38%
2024
Exports of goods and services, % of GDP
28.8%
2024
22.8%
2024

Economic freedom indices

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

Uruguay Uzbekistan
Economic freedom 69.8 60.3
Economic freedom ranking 39/197 94/197
Property rights 87.4 43.1
Government integrity 79 32
Judicial effectiveness 80.9 13.7
Tax burden 73.3 95
Government spending 72 73.7
Fiscal health 76.6 79.9
Business freedom 83.8 62.5
Labor freedom 61.7 48.4
Monetary freedom 70.2 65.1
Trade freedom 73.2 80.6
Investment freedom 50 70
Financial freedom 30 60

Economic freedom comparison by year

Uruguay
Uzbekistan
1x
Year Economic freedom index
Uruguay Uzbekistan
2026 69.8 60.3
2025 70.2 58
2024 69.8 55.9
2023 70.2 56.5
2022 70 55.7
2021 69.3 58.3
2020 69.1 57.2
2019 68.6 53.3
2018 69.2 51.5
2017 69.7 52.3
2016 68.8 46
2015 68.6 47
2014 69.3 46.5
2013 69.7 46
2012 69.9 45.8
2011 70 45.8
2010 69.8 47.5
2009 69.1 50.5
2008 67.9 51.9
2007 68.4 51.5
2006 65.3 48.7
2005 66.9 45.8
2004 66.7 39.1
2003 69.8 38.3
2002 68.7 38.5
2001 70.7 38.2
2000 69.3 38.1
1999 68.5 33.8
1998 68.6 31.5
1997 67.5 -
1996 63.7 -
1995 62.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Uruguay is 69.8, ranking 39/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Uruguay Uzbekistan
Services, % of GDP
65.3%
2024
45.2%
2024
Industry, % of GDP
16.8%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
6.42%
2024
18.3%
2024
GNI, Atlas method
$73.3B
2024
$110B
2024
GNI per capita, PPP
$34,170
2024
$12,000
2024
Total reserves including gold
$17.4B
2024
$41.2B
2024
Total reserves ranking
66/177
2024
50/177
2024
Net foreign direct investment
$2.58B
2024
-$2.81B
2024
Net inflows of foreign direct investment
-$3.94B
2024
$2.99B
2024
Net outflows of foreign direct investment
-$1.37B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.88%
2024
Poverty at national poverty lines
17.3%
2024
8.9%
2024
Gross capital formation, % of GDP
15.6%
2024
33.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.