Current Account in Uganda
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
|Current Account Balance (USD bn)||-1.8||-2.2||-1.7||-0.8||-1.5|
5 years of economic forecasts for more than 30 economic indicators.
Uganda Current Account (USD bn) Chart
Source: Bank of Uganda
|Bond Yield||14.30||1.02 %||Jul 11|
|Exchange Rate||3,695||0.17 %||Jul 11|
|Stock Market||0.3||0.0 %||Jul 11|
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