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$, in 2024.
Uganda ranks 168th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -70.13 million BoP, current US$ | -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
- 165 Democratic Republic of Congo -3.94 billion BoP, current US$ compare
- 166 Moldova -4.00 billion BoP, current US$ compare
- 167 Kyrgyzstan -4.11 billion BoP, current US$ compare
- 169 Chile -4.35 billion BoP, current US$ compare
- 170 Sudan -4.44 billion BoP, current US$ compare
- 171 Morocco -4.56 billion BoP, current US$ compare
More economy & growth data for Uganda
- External balance on goods and services as a percent of GDP -7.3% (2025)
- Inflation of consumer prices 3.6% (2025)
- GDP per capita 1,021 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 14.5% (2025)
- Gross domestic product (GDP) 52.44 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,021 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,676 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 7.59 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 2.06 billion current US$ (2025)
- Taxes less subsidies on products 17.10 trillion current LCU (2025)
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 168th out of 198 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.