Current Account in Uganda

Uganda Current Account (USD bn) | Economic News & Forecasts

Uganda - Current Account (billions of U.S. Dollars)

Recently-released GDP data confirmed that economic activity accelerated in the final quarter of 2018. The economy grew 6.6% in the fourth quarter (Q3: +6.2% year-on-year), underpinned by robust agricultural production and upbeat gains in the services sector, particularly in the information and communications industry. Meanwhile, momentum appears to have carried over into Q1. The economic activity index reached an all-time high in January, signaling upbeat dynamism in the private sector. In addition, business confidence rose to its highest point since 2013 in February and, although the PMI moderated in the same month, it remained firmly in positive territory. The external sector fared less well, however, as merchandise exports contracted in January on lower shipments of coffee.

Uganda - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-1.8  -2.2  -1.7  -0.7  -1.2  

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Uganda Current Account (USD bn) Chart

Uganda Current Account
Note: Current account balance as % of GDP.
Source: Bank of Uganda

Uganda Facts

Exchange Rate3,7670.17 %May 13
Stock Market0.00.0 %May 13

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