Uruguay Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Uruguay's government debt to gdp was 66.61% in 2025, ranked 57th globally. This represents a 3.0% decrease from 2024. Data from IMF WEO, covering 1999–2025.
Overview
Uruguay's government debt to gdp stood at 66.61% in 2025, a decline of +2.08% from 2024. The IMF projects 66.61% by 2025. Uruguay ranked 57th globally.
Uruguay’s general government debt stood at 66.61 % of GDP in 2025, placing the country 57th in the global ranking and closely mirroring the levels of peers such as Slovenia (66.56 %) and Morocco (67.21 %). The debt ratio has risen sharply since the late‑1990s, when it was at a historic low of 24.12 % in 1999, before climbing to an all‑time high of 91.92 % in 2003 amid the regional financial turbulence that followed the Argentine crisis. Over the subsequent two decades Uruguay reduced the debt burden, but the recent upward swing reflects fiscal pressures from expanded social spending and pandemic‑related deficits. The 27‑year series shows a pronounced V‑shaped pattern, with the current level still well below the 2003 peak yet considerably higher than the 1999 trough. Continued primary surpluses and prudent borrowing could stabilise the ratio, while any resurgence of external shocks or large‑scale stimulus would likely reverse the modest downward trend.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 68.57% | - | - |
| 2029* IMF | 68.91% | - | - |
| 2028* IMF | 69.19% | - | - |
| 2027* IMF | 68.91% | - | - |
| 2026* IMF | 68.26% | - | - |
| 2025* IMF | 66.61% | - | - |
| 2025 | 66.61% | −2.08% | #57 |
| 2024 | 68.69% | +4.69% | #131 |
| 2023 | 64.00% | +4.07% | #119 |
| 2022 | 59.93% | −4.15% | #105 |
| 2021 | 64.08% | −4.14% | #108 |
| 2020 | 68.22% | +8.59% | #117 |
| 2019 | 59.63% | +1.74% | #125 |
| 2018 | 57.89% | +2.07% | #119 |
| 2017 | 55.82% | −0.58% | #115 |
| 2016 | 56.40% | −1.36% | #117 |
| 2015 | 57.76% | +6.66% | #128 |
| 2014 | 51.10% | +1.12% | #123 |
| 2013 | 49.98% | +0.16% | #128 |
| 2012 | 49.81% | +8.55% | #128 |
| 2011 | 41.26% | +0.41% | #109 |
Detected Pattern
Analysis
Uruguay matched the Stagflation Risk pattern in 2020. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Uruguay's government debt to gdp was 66.61% in 2025. Ranked 57th globally. This represents a 3.0% decrease from the previous year.
Uruguay's government debt to gdp peaked at 91.92% in 2003.
The lowest government debt to gdp in Uruguay was 24.13% in 1999.
Uruguay ranks 57th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Uruguay's government debt to gdp is projected to reach 66.61% by 2025 based on IMF projection.
The government debt to gdp of Uruguay in 2025 was 66.61%. This ranks 57th in the world.
Cite this page
@misc{historysaid_uruguay_government-debt-to-gdp,
title = {Uruguay Government Debt to GDP},
url = {https://historysaid.com/uruguay/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}