Ratio of government expenditure to gross domestic product (GDP) in Uruguay 2029

The ratio of government expenditure to GDP in Uruguay was forecast to continuously decrease between 2024 and 2029 by in total 1.4 percentage points. After the fifth consecutive decreasing year, the ratio is estimated to reach 30.14 percent and therefore a new minimum in 2029.
This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Find more key insights for the ratio of government expenditure to GDP in countries like Chile, Argentina, and Paraguay.