Domestic credit provided by financial sector in Uganda
Uganda: Domestic credit provided by financial sector was 34.0% in 2024. ▲ Rising
Domestic credit provided by financial sector in Uganda, 2011–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Uganda is 34.0%, measured in 2024. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 89.8% over ten years.
Over the whole period, domestic credit provided by financial sector in Uganda peaked at 34.0% in 2024 and was at its lowest, 13.5%, in 2011.
Uganda ranks 53rd of 65 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Domestic credit provided by financial sector in Uganda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 13.5% | — |
| 2012 | 14.5% | +7.4% |
| 2013 | 15.2% | +4.8% |
| 2014 | 17.9% | +17.5% |
| 2015 | 20.2% | +12.6% |
| 2016 | 20.7% | +2.8% |
| 2017 | 21.6% | +4.4% |
| 2018 | 22.0% | +1.6% |
| 2019 | 24.3% | +10.5% |
| 2020 | 27.2% | +11.8% |
| 2021 | 28.4% | +4.7% |
| 2022 | 32.1% | +13.0% |
| 2023 | 32.5% | +1.0% |
| 2024 | 34.0% | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.9% | 13.5% | 24.3% | 9 |
| 2020s | 30.8% | 27.2% | 34.0% | 5 |
Countries ranked near Uganda
- 50 Solomon Islands 36.3% compare
- 51 Papua New Guinea 35.5% compare
- 52 Zambia 35.2% compare
- 54 Trinidad and Tobago 33.1%
- 55 Republic of Moldova 32.0% compare
- 56 Guyana 30.7% 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 domestic credit provided by financial sector in Uganda?
- Domestic credit provided by financial sector in Uganda was 34.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Uganda?
- The highest recorded value was 34.0% in 2024.
- What is the lowest domestic credit provided by financial sector recorded in Uganda?
- The lowest recorded value was 13.5% in 2011.
- How does Uganda rank for domestic credit provided by financial sector?
- Uganda ranks 53rd out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Uganda?
- Over the last ten years it is up 89.8%. The long-run trend across the full record is rising.
- Where does this Uganda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.