Current account balance in Uganda
Uganda: Current account balance was -4.19 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Uganda, 1980–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Uganda stood at -4.19 billion BoP, current US$. That is the lowest value across all 45 years on record.
The figure is down 15.6% on the previous year and down 93.5% over ten years.
Over the whole period, current account balance in Uganda peaked at 103.54 million BoP, current US$ in 1984 and was at its lowest, -4.19 billion BoP, current US$, in 2024.
Uganda ranks 170th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Uganda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1980 | -82.67 million BoP, current US$ | — |
| 1981 | 25.40 million BoP, current US$ | -130.7% |
| 1982 | -69.90 million BoP, current US$ | -375.2% |
| 1983 | -72.24 million BoP, current US$ | +3.3% |
| 1984 | 103.54 million BoP, current US$ | -243.3% |
| 1985 | 4.60 million BoP, current US$ | -95.6% |
| 1986 | -43.27 million BoP, current US$ | -1041.0% |
| 1987 | -112.01 million BoP, current US$ | +158.9% |
| 1988 | -195.21 million BoP, current US$ | +74.3% |
| 1989 | -259.52 million BoP, current US$ | +32.9% |
| 1990 | -263.30 million BoP, current US$ | +1.5% |
| 1991 | -169.77 million BoP, current US$ | -35.5% |
| 1992 | -99.60 million BoP, current US$ | -41.3% |
| 1993 | -171.13 million BoP, current US$ | +71.8% |
| 1994 | -174.20 million BoP, current US$ | +1.8% |
| 1995 | -281.49 million BoP, current US$ | +61.6% |
| 1996 | -211.50 million BoP, current US$ | -24.9% |
| 1997 | -315.73 million BoP, current US$ | +49.3% |
| 1998 | -363.69 million BoP, current US$ | +15.2% |
| 1999 | -293.20 million BoP, current US$ | -19.4% |
| 2000 | -358.80 million BoP, current US$ | +22.4% |
| 2001 | -305.58 million BoP, current US$ | -14.8% |
| 2002 | -152.00 million BoP, current US$ | -50.3% |
| 2003 | -38.44 million BoP, current US$ | -74.7% |
| 2004 | -1.68 million BoP, current US$ | -95.6% |
| 2005 | 53.54 million BoP, current US$ | -3296.7% |
| 2006 | -318.19 million BoP, current US$ | -694.3% |
| 2007 | -562.84 million BoP, current US$ | +76.9% |
| 2008 | -1.22 billion BoP, current US$ | +117.4% |
| 2009 | -1.05 billion BoP, current US$ | -14.4% |
| 2010 | -1.61 billion BoP, current US$ | +53.6% |
| 2011 | -2.09 billion BoP, current US$ | +29.7% |
| 2012 | -1.66 billion BoP, current US$ | -20.7% |
| 2013 | -1.75 billion BoP, current US$ | +5.8% |
| 2014 | -2.17 billion BoP, current US$ | +23.7% |
| 2015 | -1.67 billion BoP, current US$ | -22.8% |
| 2016 | -833.46 million BoP, current US$ | -50.1% |
| 2017 | -1.50 billion BoP, current US$ | +80.1% |
| 2018 | -2.08 billion BoP, current US$ | +38.8% |
| 2019 | -2.63 billion BoP, current US$ | +26.3% |
| 2020 | -3.60 billion BoP, current US$ | +36.7% |
| 2021 | -3.60 billion BoP, current US$ | +0.2% |
| 2022 | -4.06 billion BoP, current US$ | +12.7% |
| 2023 | -3.62 billion BoP, current US$ | -10.8% |
| 2024 | -4.19 billion BoP, current US$ | +15.6% |
Uganda compared with similar countries
- Uganda's -4.19 billion BoP, current US$ is below the median for low income countries, which is -984.26 million BoP, current US$, 4.3× the median. (23 countries reporting)
- Uganda's -4.19 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -749.01 million BoP, current US$, 5.6× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Uganda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +3296.7% | -1.68 million BoP, current US$ | 53.54 million BoP, current US$ |
| 1986 | -1041.0% | 4.60 million BoP, current US$ | -43.27 million BoP, current US$ |
| 2006 | -694.3% | 53.54 million BoP, current US$ | -318.19 million BoP, current US$ |
| 1982 | -375.2% | 25.40 million BoP, current US$ | -69.90 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -70.13 million BoP, current US$ | -259.52 million BoP, current US$ | 103.54 million BoP, current US$ | 10 |
| 1990s | -234.36 million BoP, current US$ | -363.69 million BoP, current US$ | -99.60 million BoP, current US$ | 10 |
| 2000s | -395.59 million BoP, current US$ | -1.22 billion BoP, current US$ | 53.54 million BoP, current US$ | 10 |
| 2010s | -1.80 billion BoP, current US$ | -2.63 billion BoP, current US$ | -833.46 million BoP, current US$ | 10 |
| 2020s | -3.82 billion BoP, current US$ | -4.19 billion BoP, current US$ | -3.60 billion BoP, current US$ | 5 |
Countries ranked near Uganda
- 167 Democratic Republic of Congo -3.94 billion BoP, current US$ compare
- 168 Moldova -4.00 billion BoP, current US$ compare
- 169 Kyrgyzstan -4.11 billion BoP, current US$ compare
- 171 Chile -4.35 billion BoP, current US$ compare
- 172 Sudan -4.44 billion BoP, current US$ compare
- 173 Morocco -4.56 billion BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 399,794 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.008 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.26 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.81 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0604 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 65.12 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -11.58 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Uganda?
- Current account balance in Uganda was -4.19 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Uganda?
- The highest recorded value was 103.54 million BoP, current US$ in 1984.
- What is the lowest current account balance recorded in Uganda?
- The lowest recorded value was -4.19 billion BoP, current US$ in 2024.
- How does Uganda rank for current account balance?
- Uganda ranks 170th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Uganda?
- Over the last ten years it is down 93.5%. The long-run trend across the full record is volatile.
- Where does this Uganda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.