Uganda recorded a Current Account deficit of 9.50 percent of the country's Gross Domestic Product in 2021. source: Bank of Uganda

Current Account to GDP in Uganda averaged -4.72 percent of GDP from 1980 until 2021, reaching an all time high of 2.86 percent of GDP in 1984 and a record low of -10.70 percent of GDP in 2020. 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 2023.

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Uganda Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -421.40 -435.40 USD Million Mar 2023
Current Account -1002.60 -1116.90 USD Million Dec 2022
Current Account to GDP -9.50 -10.70 percent of GDP Dec 2021
Imports 1095.90 784.90 USD Million Mar 2023
Exports 674.54 349.44 USD Million Mar 2023
Terms of Trade 103.23 106.03 points Apr 2023
Capital Flows -591.10 -356.20 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-9.50 -10.70 2.86 -10.70 1980 - 2021 percent of GDP Yearly