Current Account to GDP in Uganda increased to -6.40 percent in 2019 from -8.10 percent in 2018. source: Bank of Uganda

Current Account to GDP in Uganda averaged -4.51 percent from 1980 until 2019, reaching an all time high of 2.86 percent in 1984 and a record low of -9 percent in 2011. This page provides - Uganda Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Uganda is expected to reach -5.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Current Account to GDP is projected to trend around -5.00 percent in 2021 and -4.80 percent in 2022, according to our econometric models.

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Uganda Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.40 -8.10 2.86 -9.00 1980 - 2019 percent of GDP Yearly

Uganda Trade Last Previous Highest Lowest Unit
Balance of Trade -397.55 -345.60 14.60 -483.00 USD Million [+]
Current Account -1033.00 -910.50 118.20 -1033.00 USD Million [+]
Current Account to GDP -6.40 -8.10 2.86 -9.00 percent of GDP [+]
Imports 824.11 789.70 916.60 44.20 USD Million [+]
Exports 426.56 444.08 603.94 12.39 USD Million [+]
Terms of Trade 126.92 130.29 167.10 72.50 points [+]
Tourist Arrivals 1800.00 1402.00 1800.00 69.00 Thousand [+]
Capital Flows -257.20 -890.10 6684.40 -1050.80 USD Million [+]
Terrorism Index 3.28 3.96 6.09 2.76 [+]


Uganda Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.