Current Account in Uganda

Uganda Current Account | Economic News & Forecasts

Uganda - Current Account

Although growth appears to have lost some traction in Q1 2019, it should have remained robust nonetheless after the services and agricultural sectors powered Q4 2018’s strong expansion. The economic activity index continued to improve in Q1, although at a markedly slower pace than in Q4. The slowdown was likely related to rising headwinds in the manufacturing sector: Average PMI weakened in Q1 compared to Q4, partly due to rising business costs amid higher inflation. On a more positive note, business confidence hovered around a five-year high throughout Q1 amid upbeat sentiment in the construction, services and agricultural sectors. External sector metrics were also upbeat: Exports surged by nearly a quarter in Q1 thanks to booming demand for gold, which more than offset lower coffee shipments.

Uganda - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.2  -7.7  -6.8  -2.8  -4.3  

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Uganda Current Account 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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