2025.12.1611:15:47UTC+00Uruguay GDP Expands at Softer Pace in Third Quarter

In the third quarter of 2025, Uruguay's GDP saw a year-on-year increase of 1.2%, down from a 2.2% growth in the preceding quarter. This slowdown was largely due to reduced activity in several key sectors. On a brighter note, sectors such as trade, accommodation, and food and beverage services experienced a robust growth of 5.4%, while financial services enjoyed a 3.0% increase. Sectors including health, education, real estate activities, and other services also saw a combined rise of 0.8%. However, the manufacturing sector contracted by 2.1%, construction fell by 3.1%, and agriculture, fishing, and mining decreased slightly by 0.2%, all of which negatively impacted the overall growth. Despite these challenges, gross value added showed a modest rise of 0.8%, and net taxes on products increased significantly by 4.3%.