Trade Balance in Uganda

Uganda Trade Balance | Economic News & Forecasts

Uganda - Trade Balance

Economic activity expanded in Q3, but it did so at the weakest rate since Q2 2020, likely due to the 42-day lockdown imposed at the outset of the period. Moving to the final quarter of the year, activity growth accelerated in annual terms in October, pointing to a robust economic footing at the outset of Q4. Moreover, the private-sector PMI averaged markedly higher in October–November compared to Q3. November’s reading showed the first increase in employment levels in six months, boding well for spending, while firms remained optimistic over future activity, which should support investment ahead. Meanwhile, the country has continued to keep daily infection rates under control, and recently announced its target to vaccinate all adults by early 2022, after which a full reopening of the economy should follow.

Uganda - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.3  -1.6  -1.7  -2.5  -2.7  

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

Uganda Facts

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

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