Deposit interest rate in Uganda
Uganda: Deposit interest rate was 9.4% in 2018. ◆ Volatile
Deposit interest rate in Uganda, 1984–2018
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2018, deposit interest rate in Uganda stood at 9.4%.
Compared with earlier readings it is down 3.2% on the previous year and down 12.0% over ten years.
Over the whole period, deposit interest rate in Uganda peaked at 35.8% in 1992 and was at its lowest, 5.6%, in 2002.
That places Uganda 20th out of 153 countries with data for 2018, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate in Uganda, year by year
| Year | % | Change |
|---|---|---|
| 1984 | 20.0% | — |
| 1985 | 20.0% | +0.0% |
| 1986 | 23.3% | +16.7% |
| 1987 | 20.0% | -14.3% |
| 1988 | 21.5% | +7.5% |
| 1989 | 32.2% | +49.6% |
| 1990 | 31.2% | -2.8% |
| 1991 | 31.2% | -0.3% |
| 1992 | 35.8% | +15.0% |
| 1993 | 16.3% | -54.6% |
| 1994 | 10.0% | -38.5% |
| 1995 | 7.6% | -23.9% |
| 1996 | 10.6% | +39.6% |
| 1997 | 11.8% | +11.5% |
| 1998 | 11.4% | -4.1% |
| 1999 | 8.7% | -23.1% |
| 2000 | 9.8% | +12.7% |
| 2001 | 8.5% | -13.9% |
| 2002 | 5.6% | -34.3% |
| 2003 | 9.8% | +77.0% |
| 2004 | 7.7% | -21.4% |
| 2005 | 8.8% | +13.6% |
| 2006 | 9.1% | +3.3% |
| 2007 | 9.3% | +1.9% |
| 2008 | 10.7% | +15.2% |
| 2009 | 9.8% | -8.6% |
| 2010 | 7.7% | -21.2% |
| 2011 | 13.3% | +73.6% |
| 2012 | 16.8% | +25.9% |
| 2013 | 12.1% | -27.9% |
| 2014 | 10.8% | -10.8% |
| 2015 | 12.8% | +18.1% |
| 2016 | 13.2% | +3.7% |
| 2017 | 9.7% | -26.7% |
| 2018 | 9.4% | -3.2% |
Uganda compared with similar countries
- Uganda's 9.4% is above the median for low income countries, which is 6.7%, 1.4× the median. (18 countries reporting)
- Uganda's 9.4% is above the median for Sub-Saharan Africa, which is 5.7%, 1.6× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.8% | 20.0% | 32.2% | 6 |
| 1990s | 17.5% | 7.6% | 35.8% | 10 |
| 2000s | 8.9% | 5.6% | 10.7% | 10 |
| 2010s | 11.8% | 7.7% | 16.8% | 9 |
Countries ranked near Uganda
- 17 Ukraine 10.0% compare
- 18 Dominican Republic 9.8% compare
- 19 Lebanon 9.7% compare
- 21 Azerbaijan 9.4% compare
- 22 Bangladesh 9.4% compare
- 23 Colombia 9.0% 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 deposit interest rate in Uganda?
- Deposit interest rate in Uganda was 9.4% in 2018, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Uganda?
- The highest recorded value was 35.8% in 1992.
- What is the lowest deposit interest rate recorded in Uganda?
- The lowest recorded value was 5.6% in 2002.
- How does Uganda rank for deposit interest rate?
- Uganda ranks 20th out of 153 countries with data for 2018.
- Is deposit interest rate rising or falling in Uganda?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is volatile.
- Where does this Uganda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.