Remittance inflows to GDP in Uruguay
Uruguay: Remittance inflows to GDP was 0.2% in 2020. ◆ Volatile
Remittance inflows to GDP in Uruguay, 1979–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Uruguay is 0.2%, measured in 2020.
That represents a change of up 13.1% on the previous year and down 33.1% over ten years.
Over the whole period, remittance inflows to gdp in Uruguay peaked at 0.5% in 2003 and was at its lowest, 0.0%, in 2001.
That places Uruguay 161st out of 195 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.1% | 0.1% | 1 |
| 2000s | 0.4% | 0.0% | 0.5% | 9 |
| 2010s | 0.2% | 0.2% | 0.3% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Uruguay
More financial sector data for Uruguay
- Domestic credit to private sector by banks 30.7% (2025)
- Total reserves in months of imports 8.67 (2025)
- Net domestic credit 1.34 trillion current LCU (2025)
- Net foreign assets 1.15 trillion current LCU (2025)
- Monetary Sector credit to private sector 30.8% (2025)
- Broad money 51.5% (2025)
- Claims on central government, etc. 6.5% (2025)
- Domestic credit to private sector 30.8% (2025)
- Official exchange rate 41.19 LCU per US$, period average (2025)
- Net migration -1,338 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Uruguay?
- Remittance inflows to gdp in Uruguay was 0.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Uruguay?
- The highest recorded value was 0.5% in 2003.
- What is the lowest remittance inflows to gdp recorded in Uruguay?
- The lowest recorded value was 0.0% in 2001.
- How does Uruguay rank for remittance inflows to gdp?
- Uruguay ranks 161st out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Uruguay?
- Over the last ten years it is down 33.1%. The long-run trend across the full record is volatile.
- Where does this Uruguay data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.