Current Account in Uganda
Uganda - Current Account (billions of U.S. Dollars)Economic conditions likely continued to improve in Q3, although the pace of growth will have eased from Q2’s record expansion amid a less favorable base effect. Activity growth slowed overall in Q3 compared to the previous quarter, although it remained robust. Meanwhile, available data suggests that momentum picked up at the outset of the fourth quarter: The PMI increased to a five-month high, signaling a stronger improvement in business conditions. That said, the reading revealed employment levels continued to fall in October. Meanwhile, the country has managed to keep daily Covid-19 infection rates very low recently, which, coupled with a pickup in the vaccination drive, allowed authorities to ease some more domestic restrictions on 27 October. However, the nationwide curfew and prohibition of certain entertainment activities will remain in effect until more people are vaccinated.
Uganda - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-1.7||-0.8||-1.5||-2.3||-2.3|
5 years of economic forecasts for more than 30 economic indicators.
Uganda Current Account (USD bn) Chart
Source: Bank of Uganda
|Bond Yield||15.75||1.02 %||Dec 31|
|Exchange Rate||3,670||0.17 %||Dec 31|
|Stock Market||0.3||0.0 %||Jan 07|
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