Uruguay's first participation in the Olympics was in Paris, France, in 1924. In that year, Uruguay won its first gold medal, beating Yugoslavia 7–0, United States 3–0, France 5–1, Netherlands 2–1, and in the Final defeating Switzerland 3–0.
Uruguay's second participation in the Olympics was in Amsterdam, Netherlands, in 1928. In that year, Uruguay won its second gold medal, beating Netherlands 2–0, Germany 4–1, Italy 3–2, and in the first Final tying Argentina 1–1, and defeating Argentina 2–1 in the second final.
During this time, the Uruguay Olympic football team was the Senior Uruguay national football team. The 1924 and 1928 Olympics were special tournaments that were the status equivalent of the FIFA World Cup. After the World Cup was established, in order not to compete with it, the Olympics became amateur players only (like prior to 1924) and then in 1992 became Under-23.
1992–present
Since the 1992 Olympics, the football event was changed into a tournament for under 23 teams, with a maximum of three overaged players. The era of the Uruguay national under-23 football team began in earnest.
^Uruguayan Football Association currently doesn't keep record of matches played and goals scored by under-23 team players. Statistics here are calculated with the help of articles published in federation's official website, tweets from official X account and other reliable websites.