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Economy of Uruguay vs Yemen compared: GDP & Debt

Updated on by Georank team

Uruguay has a GDP of $81B compared to $21.6B for Yemen, ranking 81/197 and 125/197 by economy size, respectively.

Uruguay has $55.6B in government debt (68.7% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Uruguay vs Yemen GDP by year

Uruguay
Yemen
1x
Year GDP, current $
Uruguay Yemen
2024 $80,961,511,074 -
2023 $77,991,666,838 -
2022 $70,594,110,920 -
2021 $60,739,084,241 -
2020 $53,559,359,262 -
2019 $62,222,313,619 -
2018 $65,344,577,416 $21,606,160,663
2017 $65,005,997,963 $26,842,229,045
2016 $57,480,787,465 $31,317,825,274
2015 $57,680,327,999 $42,444,490,074
2014 $61,496,186,974 $43,228,585,321
2013 $61,337,621,934 $40,415,233,436
2012 $54,232,266,359 $35,401,331,610
2011 $50,342,406,067 $32,726,417,878
2010 $41,950,361,212 $30,906,749,533
2009 $32,708,319,078 $25,130,278,213
2008 $31,119,602,539 $26,910,855,807
2007 $23,797,773,024 $21,650,528,674
2006 $19,741,420,740 $19,063,143,370
2005 $17,362,857,684 $16,731,566,717
2004 $13,686,329,890 $13,867,634,371
2003 $12,045,638,352 $11,777,532,662
2002 $13,606,515,723 $10,693,430,511
2001 $20,898,761,742 $9,852,990,693
2000 $22,823,270,892 $9,679,316,770
1999 $23,983,945,191 $7,639,325,296
1998 $25,385,886,978 $6,322,175,566
1997 $23,969,739,234 $6,838,298,531
1996 $20,515,458,114 $6,496,163,616
1995 $19,297,663,097 $12,796,345,679
1994 $17,474,588,896 $28,019,483,764
1993 $15,002,136,971 $21,736,802,664
1992 $12,878,148,791 $17,959,367,194
1991 $11,206,176,651 $14,665,445,462
1990 $9,298,807,850 $12,643,821,569
1989 $8,438,951,476 -
1988 $8,213,538,369 -
1987 $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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Uruguay vs Yemen by year

Uruguay
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Uruguay Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,907 $36,418 - -
2023 $23,019 $34,471 - -
2022 $20,819 $33,001 - -
2021 $17,882 $29,432 - -
2020 $15,758 $25,725 - -
2019 $18,316 $25,783 - -
2018 $19,250 $24,386 $634 -
2017 $19,185 $23,607 $811 -
2016 $17,010 $22,841 $975 -
2015 $17,126 $22,169 $1,362 -
2014 $18,322 $21,868 $1,430 -
2013 $18,335 $20,661 $1,379 $3,164
2012 $16,260 $19,495 $1,245 $3,005
2011 $15,132 $19,135 $1,186 $3,113
2010 $12,641 $17,873 $1,155 $3,603
2009 $9,881 $16,422 $969 $3,411
2008 $9,424 $15,694 $1,072 $3,370
2007 $7,222 $14,397 $890 $3,294
2006 $6,001 $13,179 $810 $3,205
2005 $5,284 $12,296 $734 $3,113
2004 $4,169 $11,103 $628 $2,949
2003 $3,671 $10,303 $549 $2,844
2002 $4,150 $10,030 $513 $2,768
2001 $6,383 $10,719 $487 $2,702
2000 $6,988 $10,929 $493 $2,624
1999 $7,371 $10,938 $401 $2,492
1998 $7,837 $11,002 $343 $2,442
1997 $7,436 $10,461 $383 $2,351
1996 $6,398 $9,524 $375 $2,268
1995 $6,050 $8,906 $764 $2,201
1994 $5,508 $8,897 $1,735 $2,115
1993 $4,753 $8,162 $1,397 $2,013
1992 $4,102 $7,808 $1,198 $1,963
1991 $3,589 $7,112 $1,016 $1,843
1990 $2,995 $6,683 $910 $1,742
1989 $2,734 - - -
1988 $2,677 - - -
1987 $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 (1960–2024, retrieved 2026-04-06).

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

Uruguay's GDP per capita is $23,907, ranking 52/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Uruguay ranks 61st at $36,418, while Yemen ranks 178th at $3,164.

Economic indicators

Uruguay Yemen
Gross domestic product
$81B
2024
$21.6B
2018
GDP rank
81/197
2024
125/197
2018
GDP growth
3.11%
2023-2024
0.75%
2017-2018
GDP per capita
$23,907
2024
$634
2018
GDP per capita rank
52/197
2024
191/197
2018
GDP per capita, PPP
$36,418
2024
$3,164
2013
GDP per capita PPP rank
61/197
2024
178/197
2013
Government debt
$55.6B
2024
$18.8B
2018
Debt-to-GDP ratio
68.7%
2024
70.9%
2024
Government debt per person
$16,421
2024
$551
2018
Government debt per person rank
38/185
2024
165/185
2018
Average annual personal income after taxes
$12,433
2026
$1,127
2026
Market capitalization of domestic companies
$284M
1996
n/a
Income share by richest 10%
30%
2024
29.4%
2014
Income share by poorest 10%
2.2%
2024
3%
2014
Government expenditure, % of GDP
31.1%
2024
8.91%
2024
Consumer prices inflation
4.85%
2023-2024
33.9%
2023-2024
Central bank interest rate
8.25%
2025
n/a
Unemployment rate
8.21%
2024
13.5%
2014
Population
3382789
43325643

Spending and national debt comparison by year

Uruguay
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Uruguay Yemen
Government spending Government debt Government spending Government debt
2024 31.1% 68.7% 8.91% 70.9%
2023 30.5% 64% 11.8% 77.9%
2022 30% 59.9% 12.2% 65.3%
2021 30.2% 64.1% 8.22% 75.9%
2020 32.8% 68.2% 10.6% 87%
2019 30.6% 59.6% 13.2% 91.5%
2018 30.3% 57.9% 14.3% 86.9%
2017 29.7% 55.8% 8.39% 83.8%
2016 29.7% 56.4% 16.1% 76.5%
2015 28.4% 57.8% 19.4% 57.7%
2014 29.1% 51.1% 27.8% 48.9%
2013 28.8% 50% 30.8% 48.4%
2012 27.7% 49.8% 36.2% 47.6%
2011 26.3% 41.3% 29.8% 45.7%
2010 27.4% 40.9% 30.2% 42.4%
2009 27.2% 46.2% 35.2% 49.8%
2008 26.3% 46.2% 41.2% 36.4%
2007 26.8% 52.8% 40.3% 40.4%
2006 26.8% 61.1% 37.4% 40.8%
2005 26.3% 66.2% 36.8% 43.8%
2004 26.6% 73.7% 34.2% 52.1%
2003 27.7% 91.9% 35.3% 56.8%
2002 27.6% 90.1% 30.8% 57.8%
2001 27.8% 39.4% 30.5% 60.6%
2000 26.6% 30.5% 31.7% 60.8%
1999 27.2% 24.1% 28.2% 96.1%
1998 27.3% 19.4% 34.3% 110.6%
1997 27.6% 18.8% 34.2% 74.2%
1996 26.5% 18.3% 30.7% 114.9%
1995 26.2% 18.5% 24.1% 84.1%
1994 29.5% 19.3% 25.2% 73.3%
1993 27.7% 20% 25.8% 76.7%
1992 23.6% 22.2% 24.6% 78%
1991 22.2% 20.4% 24.7% 82.7%
1990 21.1% 26.2% 26.6% 91.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Uruguay's government spending was $25.2B, accounting for 31.1% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 68.7% in Uruguay and 70.9% in Yemen, ranking 59/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Uruguay

Yemen
1x
Year Deficit/surplus, % of GDP
Uruguay Yemen
2024 -3.22% -2.48%
2023 -3.13% -5.63%
2022 -2.52% -2.15%
2021 -2.61% -0.89%
2020 -4.64% -4.3%
2019 -2.71% -5.89%
2018 -1.89% -7.85%
2017 -2.51% -4.9%
2016 -2.68% -8.51%
2015 -1.86% -8.75%
2014 -2.6% -4.14%
2013 -1.72% -6.9%
2012 -2.17% -6.32%
2011 -0.33% -4.51%
2010 -0.39% -4.06%
2009 -1.39% -10.2%
2008 -1.31% -4.53%
2007 -0.16% -7.18%
2006 -0.64% 1.19%
2005 -0.28% -1.82%
2004 -0.87% -2.15%
2003 -2.19% -4.2%
2002 -3.19% -0.56%
2001 -2.85% 2.79%
2000 -2.76% 6.09%
1999 -2.76% 0.06%
1998 -0.76% -7.77%
1997 -0.97% -1.5%
1996 -1.32% -0.92%
1995 -1.08% -5.74%
1994 -2.37% -14%
1993 -0.47% -12.8%
1992 0.6% -10.9%
1991 0.88% -5.76%
1990 0.49% -10.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

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

In 2018, Uruguay's government deficit, the difference between spending and revenue, was $1.23B, equivalent to 1.89% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Uruguay recorded a fiscal deficit in 26 of those years, while Yemen ran a deficit in 25 years. On average, Uruguay posted an annual deficit equal to 1.36% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Uruguay

Yemen
1x
Year Consumer prices inflation
Uruguay Yemen
2024 4.85% 33.9%
2023 5.87% 0.9%
2022 9.1% 29.5%
2021 7.75% 31.5%
2020 9.76% 21.7%
2019 7.88% 15.7%
2018 7.61% 33.6%
2017 6.22% 30.4%
2016 9.64% 21.3%
2015 8.67% 22%
2014 8.88% 8.2%
2013 8.58% 11%
2012 8.1% 9.9%
2011 8.09% 19.5%
2010 6.7% 11.2%
2009 7.06% 3.7%
2008 7.88% 19%
2007 8.11% 7.9%
2006 6.4% 10.8%
2005 4.7% 9.9%
2004 9.16% 12.5%
2003 19.4% 10.8%
2002 14% 12.2%
2001 4.36% 11.9%
2000 4.76% 11%
1999 5.66% 7.9%
1998 10.8% 11.5%
1997 19.8% 4.6%

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/yemen | CC BY

Over the past 28 years, Uruguay has recorded an average annual inflation rate of 8.56%, compared with 15.5% in Yemen. In 2024, inflation was 4.85% in Uruguay and 33.9% in Yemen.

Top exports between countries

Uruguay
Export category Export value
Animal & marine products $322K
Machinery & equipment $10K
Yemen
Export category Export value

Balance of trade

Uruguay Yemen
Current account balance
-$633M
2024
-$2.42B
2016
Current account balance ranking
111/190
2024
148/190
2016
Current account balance, % of GDP
-0.78%
2024
-7.72%
2016
Goods imports
$13B
2024
$6.8B
2016
Goods exports
$16.3B
2024
$473M
2016
Service imports
$6.22B
2024
$1.46B
2016
Service exports
$7.1B
2024
$466M
2016
Imports of goods and services, % of GDP
23.7%
2024
47.3%
2018
Exports of goods and services, % of GDP
28.8%
2024
8.76%
2018

Economic freedom indices

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

Uruguay Yemen
Economic freedom 69.8 53.7
Economic freedom ranking 39/197 138/197
Property rights 87.4 3.5
Government integrity 79 6.2
Judicial effectiveness 80.9 9.9
Tax burden 73.3 93.7
Government spending 72 0
Fiscal health 76.6 71.2
Business freedom 83.8 31.3
Labor freedom 61.7 31.2
Monetary freedom 70.2 48.1
Trade freedom 73.2 67.4
Investment freedom 50 50
Financial freedom 30 30

Economic freedom comparison by year

Uruguay
Yemen
1x
Year Economic freedom index
Uruguay Yemen
2026 69.8 -
2025 70.2 -
2024 69.8 -
2023 70.2 -
2022 70 -
2021 69.3 -
2020 69.1 -
2019 68.6 -
2018 69.2 -
2017 69.7 -
2016 68.8 -
2015 68.6 53.7
2014 69.3 55.5
2013 69.7 55.9
2012 69.9 55.3
2011 70 54.2
2010 69.8 54.4
2009 69.1 56.9
2008 67.9 53.8
2007 68.4 54.1
2006 65.3 52.6
2005 66.9 53.8
2004 66.7 50.5
2003 69.8 50.3
2002 68.7 48.6
2001 70.7 44.3
2000 69.3 44.5
1999 68.5 43.3
1998 68.6 46.1
1997 67.5 48.4
1996 63.7 49.6
1995 62.5 49.8

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

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

The Economic Freedom Index for Uruguay is 69.8, ranking 39/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Uruguay Yemen
Services, % of GDP
65.3%
2024
41.8%
2018
Industry, % of GDP
16.8%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
6.42%
2024
28.7%
2018
GNI, Atlas method
$73.3B
2024
$25.3B
2018
GNI per capita, PPP
$34,170
2024
$3,020
2013
Total reserves including gold
$17.4B
2024
$1.25B
2022
Total reserves ranking
66/177
2024
139/177
2022
Net foreign direct investment
$2.58B
2024
$15.4M
2015
Net inflows of foreign direct investment
-$3.94B
2024
-$371M
2019
Net outflows of foreign direct investment
-$1.37B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
17.3%
2024
48.6%
2014
Gross capital formation, % of GDP
15.6%
2024
6.18%
2018

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/yemen | 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 (1990–2024, 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.