Current account balance (credit less debit), Net (credits less debits) in Uganda
Uganda: Current account balance (credit less debit), Net (credits less debits) was -4.29 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Uganda, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Uganda is -4.29 billion, measured in 2024. That is the lowest value across all 20 years on record.
The figure is down 18.4% on the previous year and down 98.2% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Uganda peaked at 49.22 million in 2005 and was at its lowest, -4.29 billion, in 2024.
Uganda ranks 173rd of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Uganda, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 49.22 million | — |
| 2006 | -318.19 million | -746.4% |
| 2007 | -562.84 million | +76.9% |
| 2008 | -1.22 billion | +117.4% |
| 2009 | -1.05 billion | -14.4% |
| 2010 | -1.61 billion | +53.6% |
| 2011 | -2.09 billion | +29.7% |
| 2012 | -1.66 billion | -20.7% |
| 2013 | -1.75 billion | +5.8% |
| 2014 | -2.17 billion | +23.7% |
| 2015 | -1.65 billion | -23.8% |
| 2016 | -796.00 million | -51.7% |
| 2017 | -1.50 billion | +88.6% |
| 2018 | -2.08 billion | +38.8% |
| 2019 | -2.63 billion | +26.3% |
| 2020 | -3.60 billion | +36.7% |
| 2021 | -3.60 billion | +0.2% |
| 2022 | -4.06 billion | +12.7% |
| 2023 | -3.62 billion | -10.8% |
| 2024 | -4.29 billion | +18.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -620.74 million | -1.22 billion | 49.22 million | 5 |
| 2010s | -1.79 billion | -2.63 billion | -796.00 million | 10 |
| 2020s | -3.84 billion | -4.29 billion | -3.60 billion | 5 |
Countries ranked near Uganda
- 170 Venezuela, Bolivarian Republic of -3.87 billion compare
- 171 Serbia -4.10 billion compare
- 172 Dominican Republic -4.17 billion compare
- 174 Sudan -4.44 billion compare
- 175 Chile -4.85 billion compare
- 176 Kyrgyzstan -5.18 billion compare
More financial sector data for Uganda
- Net domestic credit (current LCU), per capita 977,433 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 810.27 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.35 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 2.53 billion SDR (2024)
- Reserves excluding gold 2.67 billion SDR (2024)
- Total reserves (gold at market value) 2.67 billion SDR (2024)
- Total reserves (gold at national valuation) 2.67 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 53.4 SDR per person (2024)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Uganda?
- Current account balance (credit less debit), net (credits less debits) in Uganda was -4.29 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Uganda?
- The highest recorded value was 49.22 million in 2005.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Uganda?
- The lowest recorded value was -4.29 billion in 2024.
- How does Uganda rank for current account balance (credit less debit), net (credits less debits)?
- Uganda ranks 173rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Uganda?
- Over the last ten years it is down 98.2%. The long-run trend across the full record is volatile.
- Where does this Uganda data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.