Unemployment rate (annual) in Uruguay

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 8.0% 2027: 8.0% 2028: 8.0% 2029: 8.0% 2030: 8.0% 2031: 8.0%

11.2% (1999) ANUAL · % · Annual · CSV

Period	%
Jan 1999	11.2%
Jan 1998	10.1%
Jan 1997	11.6%
Jan 1996	11.9%
Jan 1995	10.3%
Jan 1994	9.2%
Jan 1993	8.3%
Jan 1992	9.0%
Jan 1991	8.9%
Jan 1990	8.5%

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

Measures the share of Uruguay's labour force that is jobless but available for and actively seeking work. Published by the National Statistics Institute (INE), it is the main gauge of the Uruguayan labour market.

How it's calculated

Derived from the INE's Continuous Household Survey (ECH) using ILO criteria, as unemployed divided by the labour force, times one hundred. Released monthly and also as annual averages.

Market implications

It reflects the momentum of Uruguay's economy and its ability to create jobs, feeding into household income and spending. A high jobless rate points to weak demand and reinforces a more dovish stance at the Central Bank of Uruguay.

Limitations

It is subject to sampling error, seasonality and revisions, and does not capture job quality or informality, which is high in Uruguay. A falling rate can reflect lower participation rather than stronger hiring.