Current account balance (credit less debit), Net (credits less) in Uganda
Uganda: Current account balance (credit less debit), Net (credits less) 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) 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% |
Uganda compared with similar countries
- Uganda's -4.29 billion is below the median for low income countries, which is -1.71 billion, 2.5× the median. (20 countries reporting)
- Uganda's -4.29 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 7.1× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Uganda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | -746.4% | 49.22 million | -318.19 million |
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
More financial sector data for Uganda
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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.