Current Account in Uganda

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

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

Growth is likely to have moderated somewhat in the first quarter, on the heels of a buoyant Q4 2018. The economic activity index softened in Q1 while the PMI trended lower than in the previous quarter, owing to rising business costs amid higher inflation. On a brighter note, the external sector likely contributed to the overall quarterly expansion, as gold exports hit a record high in March, which more than offset lower coffee shipments. Turning to Q2, improved economic activity in April suggests that tailwinds may have held up. The PMI rose in both April and May on the back of increased customer demand and continued job creation. Furthermore, double-digit export growth in April should provide an additional push to the second quarter expansion.

Uganda - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-1.8  -2.2  -1.7  -0.8  -1.5  

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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

Bond Yield14.301.02 %Jul 11
Exchange Rate3,6950.17 %Jul 11
Stock Market0.30.0 %Jul 11

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