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Uruguay - General government structural balance in % of potential GDP

-4.5 (%) in 2018

In 2018, general government structural balance (% of potential GDP) for Uruguay was -4.5 %. General government structural balance (% of potential GDP) of Uruguay fell gradually from 0.4 % in 2004 to -4.5 % in 2018.

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What is general government structural balance (% of potential GDP)?

The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.

What is Uruguay general government structural balance (% of potential GDP)?

Date Value Change, %
2018 -4.5 8.95 %
2017 -4.1 0.02 %
2016 -4.1 0.64 %
2015 -4.1 -5.20 %
2014 -4.3 16.49 %
2013 -3.7 42.86 %
2012 -2.6 20.26 %
2011 -2.1 -8.62 %
2010 -2.3 414.04 %
2009 -0.5 14.86 %
2008 -0.4 -167.75 %
2007 0.6

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