Trade Balance in Uganda

Uganda Trade Balance | Economic News & Forecasts

Uganda - Trade Balance

Annual growth decelerated to 5.6% in the first quarter of the year, down from the 6.8% expansion recorded in Q4 2018. A slowdown in the all-important industrial sector, amid a major slump in construction activity growth and yet another contraction in mining and quarrying output, was chiefly behind the deceleration. Moreover, the services sector weakened in Q1, more than offsetting a slight uptick in agricultural output growth, which was bolstered by a bumper harvest. Turning to the second quarter, growth appears to have picked up slightly. The PMI rose in Q2, on average, thanks to robust consumer demand, upbeat business sentiment and improving labor market metrics. Meanwhile, on 28 June, Fitch Ratings maintained Uganda’s B+ sovereign credit rating with a stable outlook.

Uganda - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-2.1  -2.4  -2.3  -1.6  -1.7  

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Note: Trade balance in USD bn.
Source: Bank of Uganda

Uganda Facts

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

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