Current Account in Uganda

Uganda Current Account | Economic News & Forecasts

Uganda - Current Account

Economic growth appears to have quickened in the third quarter, after slowing to a one-year low in the second quarter. The economic activity index strengthened in Q3, compared to the prior period, while business sentiment remained broadly stable. Moreover, the PMI averaged higher in Q3 than in Q2, suggesting robust private sector dynamics in Q3. Turning to Q4, incoming data is mixed. Merchandise exports contracted in October, while business sentiment weakened on average in October–November amid easing optimism among firms, particularly in the wholesale trade and other services sectors. However, the economic activity index rose in October and the PMI averaged higher in October–November than in Q3 amid upbeat demand dynamics, which supported increases in new orders, production and staffing levels. This hints at a continued buoyant private sector activity in the final months of the year.

Uganda - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.2  -7.7  -6.7  -3.3  -5.5  

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Uganda Current Account Chart

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

Uganda Facts

Bond Yield15.751.02 %Dec 31
Exchange Rate3,6700.17 %Dec 31
Stock Market0.30.0 %Jan 07

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