Current account balance as a proportion of GDP in Uganda
Uganda: Current account balance as a proportion of GDP was -8.0% in 2024. ◆ Volatile
Latest (2024)
-8.0%
Change on year
down 7.1%
World rank
164th
of 204 countries
All-time high
0.5%
in 2005
All-time low
-9.6%
in 2020
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Uganda, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Uganda recorded -8.0% for current account balance as a proportion of gdp in 2024.
The figure is down 7.1% on the previous year and down 19.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Uganda peaked at 0.5% in 2005 and was at its lowest, -9.6%, in 2020.
Uganda ranks 164th of 204 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 as a proportion of GDP in Uganda, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -5.8% | — |
| 2001 | -5.2% | -9.7% |
| 2002 | -2.5% | -53.0% |
| 2003 | -0.6% | -76.4% |
| 2004 | -0.0% | -96.4% |
| 2005 | 0.5% | -2625.3% |
| 2006 | -3.2% | -698.6% |
| 2007 | -4.7% | +48.3% |
| 2008 | -8.5% | +79.2% |
| 2009 | -4.2% | -50.8% |
| 2010 | -6.0% | +44.7% |
| 2011 | -7.5% | +24.1% |
| 2012 | -6.1% | -19.0% |
| 2013 | -6.1% | -0.1% |
| 2014 | -6.6% | +9.6% |
| 2015 | -5.1% | -23.3% |
| 2016 | -2.7% | -46.5% |
| 2017 | -4.9% | +79.1% |
| 2018 | -6.3% | +29.6% |
| 2019 | -7.4% | +17.6% |
| 2020 | -9.6% | +28.5% |
| 2021 | -8.9% | -7.1% |
| 2022 | -8.9% | +0.3% |
| 2023 | -7.4% | -16.7% |
| 2024 | -8.0% | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.4% | -8.5% | 0.5% | 10 |
| 2010s | -5.9% | -7.5% | -2.7% | 10 |
| 2020s | -8.6% | -9.6% | -7.4% | 5 |
Countries ranked near Uganda
More economy & growth data for Uganda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.99 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate 11.68 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.1841 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 222.13 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 7.9 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 10.39 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 18.74 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 960.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.16 million current LCU per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Uganda?
- Current account balance as a proportion of gdp in Uganda was -8.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Uganda?
- The highest recorded value was 0.5% in 2005.
- What is the lowest current account balance as a proportion of gdp recorded in Uganda?
- The lowest recorded value was -9.6% in 2020.
- How does Uganda rank for current account balance as a proportion of gdp?
- Uganda ranks 164th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Uganda?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is volatile.
- Where does this Uganda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).