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
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 165th of 205 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% |
Uganda compared with similar countries
- Uganda's -8.0% is below the median for low income countries, which is -7.7%, 1.0× the median. (19 countries reporting)
- Uganda's -8.0% is below the median for Sub-Saharan Africa, which is -4.1%, 1.9× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 | +2625.3% | -0.0% | 0.5% |
| 2006 | -698.6% | 0.5% | -3.2% |
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
- Real gdp growth, annual growth rate 19.74 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -31.39 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 2.4 units per person (2025)
- SDRs holdings, SDR, annual growth rate -34.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.76 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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 165th out of 205 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.
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