Current account balance (credit less debit), Percent of GDP (Balance) in Uganda
Uganda: Current account balance (credit less debit), Percent of GDP (Balance) was -2.73 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Uganda, 2000–2027
Source: International Monetary Fund.
Analysis
Uganda recorded -2.73 for current account balance (credit less debit), percent of gdp (balance) in 2027.
The figure is up 30.8% on the previous year and up 42.6% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Uganda peaked at 0.3951 in 2005 and was at its lowest, -9.5, in 2020.
That places Uganda 21st out of 45 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Uganda, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -4.63 | — |
| 2001 | -3.72 | -19.6% |
| 2002 | -1.8 | -51.5% |
| 2003 | -0.4405 | -75.6% |
| 2004 | -0.0156 | -96.5% |
| 2005 | 0.3951 | -2635.4% |
| 2006 | -2.26 | -672.1% |
| 2007 | -3.21 | +42.2% |
| 2008 | -5.46 | +69.8% |
| 2009 | -4.35 | -20.4% |
| 2010 | -6.52 | +50.0% |
| 2011 | -7.59 | +16.4% |
| 2012 | -5.35 | -29.5% |
| 2013 | -5.42 | +1.2% |
| 2014 | -6.23 | +15.0% |
| 2015 | -5.48 | -12.1% |
| 2016 | -2.63 | -51.9% |
| 2017 | -4.75 | +80.5% |
| 2018 | -6.11 | +28.5% |
| 2019 | -6.95 | +13.8% |
| 2020 | -9.5 | +36.7% |
| 2021 | -8.42 | -11.3% |
| 2022 | -8.6 | +2.1% |
| 2023 | -7.55 | -12.2% |
| 2024 | -7.35 | -2.7% |
| 2025 | -6.23 | -15.1% |
| 2026 | -3.94 | -36.8% |
| 2027 | -2.73 | -30.8% |
Uganda compared with similar countries
- Uganda's -2.73 is above the median for Sub-Saharan Africa, which is -2.9, 94% of the median. (45 countries reporting)
- Uganda's -2.73 is above the median for low income countries, which is -3.6, 76% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 |
|---|---|---|---|
| 2005 | +2635.4% | -0.0156 | 0.3951 |
| 2006 | -672.1% | 0.3951 | -2.26 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.55 | -5.46 | 0.3951 | 10 |
| 2010s | -5.7 | -7.59 | -2.63 | 10 |
| 2020s | -6.79 | -9.5 | -2.73 | 8 |
Countries ranked near Uganda
- 18 Tanzania -2.12 compare
- 19 Lesotho -2.31 compare
- 20 Equatorial Guinea -2.39 compare
- 22 Togo -2.77 compare
- 23 Sierra Leone -2.9 compare
- 24 Cote d'Ivoire -3.1 compare
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), percent of gdp (balance) in Uganda?
- Current account balance (credit less debit), percent of gdp (balance) in Uganda was -2.73 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Uganda?
- The highest recorded value was 0.3951 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Uganda?
- The lowest recorded value was -9.5 in 2020.
- How does Uganda rank for current account balance (credit less debit), percent of gdp (balance)?
- Uganda ranks 21st out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Uganda?
- Over the last ten years it is up 42.6%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.