Private credit by deposit money banks and other financial in Uganda
Uganda: Private credit by deposit money banks and other financial was 14.7% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Uganda, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Uganda stood at 14.7%.
That represents a change of up 1.6% on the previous year and up 18.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Uganda peaked at 19.3% in 2008 and was at its lowest, 2.6%, in 1984.
That places Uganda 161st out of 187 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Uganda, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 6.5% | — |
| 1961 | 6.4% | -0.9% |
| 1962 | 7.4% | +15.8% |
| 1963 | 7.1% | -4.5% |
| 1964 | 7.7% | +8.0% |
| 1965 | 8.0% | +4.5% |
| 1966 | 8.8% | +10.3% |
| 1967 | 8.7% | -1.5% |
| 1968 | 9.0% | +3.9% |
| 1969 | 9.9% | +9.7% |
| 1970 | 9.4% | -4.7% |
| 1971 | 8.6% | -8.5% |
| 1972 | 8.8% | +2.1% |
| 1973 | 9.4% | +7.0% |
| 1974 | 10.1% | +6.8% |
| 1975 | 7.7% | -23.9% |
| 1976 | 7.1% | -7.8% |
| 1977 | 4.6% | -34.4% |
| 1978 | 4.5% | -3.3% |
| 1979 | 3.1% | -31.1% |
| 1980 | 3.9% | +27.3% |
| 1981 | 4.0% | +1.9% |
| 1982 | 3.0% | -26.1% |
| 1983 | 3.2% | +7.5% |
| 1984 | 2.6% | -17.0% |
| 1985 | 3.4% | +28.6% |
| 1986 | 2.9% | -14.7% |
| 1987 | 2.8% | -3.2% |
| 1988 | 2.8% | -1.0% |
| 1989 | 3.3% | +19.0% |
| 1990 | 3.6% | +8.4% |
| 1991 | 3.5% | -1.7% |
| 1992 | 3.8% | +8.5% |
| 1993 | 4.3% | +12.7% |
| 1994 | 4.3% | +0.5% |
| 1995 | 4.6% | +5.7% |
| 1996 | 5.3% | +15.3% |
| 1997 | 4.8% | -8.6% |
| 1998 | 5.6% | +16.3% |
| 1999 | 6.0% | +7.3% |
| 2000 | 5.7% | -5.7% |
| 2001 | 6.6% | +16.7% |
| 2002 | 7.7% | +16.3% |
| 2003 | 8.3% | +7.4% |
| 2004 | 7.6% | -8.0% |
| 2005 | 8.5% | +11.3% |
| 2006 | 10.0% | +17.7% |
| 2007 | 10.1% | +1.3% |
| 2008 | 19.3% | +91.0% |
| 2009 | 9.6% | -50.4% |
| 2010 | 10.1% | +5.6% |
| 2011 | 12.4% | +23.1% |
| 2012 | 11.2% | -10.2% |
| 2013 | 15.7% | +40.7% |
| 2014 | 11.1% | -29.2% |
| 2015 | 13.2% | +18.8% |
| 2016 | 13.1% | -0.9% |
| 2017 | 12.9% | -1.7% |
| 2018 | 13.3% | +3.0% |
| 2019 | 13.2% | -0.2% |
| 2020 | 14.5% | +9.5% |
| 2021 | 14.7% | +1.6% |
Uganda compared with similar countries
- Uganda's 14.7% is above the median for low income countries, which is 13.8%, 1.1× the median. (23 countries reporting)
- Uganda's 14.7% is below the median for Sub-Saharan Africa, which is 15.4%, 96% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 |
|---|---|---|---|
| 2008 | +91.0% | 10.1% | 19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.9% | 6.4% | 9.9% | 10 |
| 1970s | 7.3% | 3.1% | 10.1% | 10 |
| 1980s | 3.2% | 2.6% | 4.0% | 10 |
| 1990s | 4.6% | 3.5% | 6.0% | 10 |
| 2000s | 9.3% | 5.7% | 19.3% | 10 |
| 2010s | 12.6% | 10.1% | 15.7% | 10 |
| 2020s | 14.6% | 14.5% | 14.7% | 2 |
Countries ranked near Uganda
- 158 Guinea-Bissau 15.4% compare
- 159 East Timor 15.3% compare
- 160 Equatorial Guinea 15.1% compare
- 162 Cameroon 14.1% compare
- 163 Liberia 13.8% compare
- 164 Gabon 13.3% 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 private credit by deposit money banks and other financial in Uganda?
- Private credit by deposit money banks and other financial in Uganda was 14.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Uganda?
- The highest recorded value was 19.3% in 2008.
- What is the lowest private credit by deposit money banks and other financial recorded in Uganda?
- The lowest recorded value was 2.6% in 1984.
- How does Uganda rank for private credit by deposit money banks and other financial?
- Uganda ranks 161st out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Uganda?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is rising.
- Where does this Uganda data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)