External Debt in Uganda
After ending 2022 on a softer note, the Ugandan economy entered 2023 on a stronger footing. Economic activity growth accelerated to 4.9% year on year in Q1, above the prior quarter’s 4.5% increase. Looking at monthly data, the economy’s robust performance in March chiefly drove the upturn: Activity tallied an annual 5.9% expansion—the strongest since September 2022. Similarly, seasonally adjusted month-on-month growth in March was 1.9% (February: -0.2% mom)—the steepest since July 2020. Moving to Q2, economic activity is likely remaining robust. Private-sector PMI data revealed conditions strengthened significantly in April, thanks to improving demand and increasing staffing levels. Additionally, borrowing costs remained unchanged, and price pressures moderated to a nine-month low in April, boding well for private spending in Q2.
Uganda External Debt Chart
This chart displays External Debt (USD bn) for Uganda from 2012 to 2021.
Uganda External Debt Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
External Debt (USD bn) | 11.7 | 12.3 | 14.0 | 17.2 | 19.2 |