Current Account Balance: Uganda
Uganda's current account balance is currently -3.7 % of GDP as of 2026. # Uganda Current Account Balance Uganda's current account balance stands at -3.
Current (2026)
-3.7 % of GDP
+26.0% y/y
Peak (1984)
1.4 % of GDP
Low (2020)
-9.5 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Uganda
1980 — 2026
Current Account Balance — Uganda
Analysis# Uganda Current Account Balance
Uganda's current account balance stands at -3.7% of GDP in 2026, reflecting persistent external imbalances despite recent improvement. The country reached its all-time peak of 1.4% of GDP in 1984 but has deteriorated significantly since 1980, with a cumulative decline of 236.4%. The nadir came in 2020 at -9.5% of GDP, marking a severe deficit during the pandemic's economic disruption.
From 2020 onward, Uganda's current account has shown consistent recovery. The deficit contracted from -9.5% in 2020 to -3.7% by 2026, driven by gradual improvements in trade dynamics and export performance. Projections suggest this favorable trajectory will continue, with the deficit expected to narrow further in coming years. Sustained recovery hinges on export competitiveness and managing import demands as the economy grows.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -1.6 % of GDP | -6.67% |
| 2029 | -1.5 % of GDP | +42.31% |
| 2028 | -2.6 % of GDP | +10.34% |
| 2027 | -2.9 % of GDP | +21.62% |
| 2026 | -3.7 % of GDP | +26.00% |
| 2025 | -5 % of GDP | +33.33% |
| 2024 | -7.5 % of GDP | +1.32% |
| 2023 | -7.6 % of GDP | +11.63% |
| 2022 | -8.6 % of GDP | -2.38% |
| 2021 | -8.4 % of GDP | +11.58% |
| 2020 | -9.5 % of GDP | -37.68% |
| 2019 | -6.9 % of GDP | -13.11% |
| 2018 | -6.1 % of GDP | -27.08% |
| 2017 | -4.8 % of GDP | -84.62% |
| 2016 | -2.6 % of GDP | +52.73% |
| 2015 | -5.5 % of GDP | +11.29% |
| 2014 | -6.2 % of GDP | -14.81% |
| 2013 | -5.4 % of GDP | +0.00% |
| 2012 | -5.4 % of GDP | +28.95% |
| 2011 | -7.6 % of GDP | -16.92% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -6.5 % of GDP | -51.16% |
| 2009 | -4.3 % of GDP | +21.82% |
| 2008 | -5.5 % of GDP | -71.87% |
| 2007 | -3.2 % of GDP | -39.13% |
| 2006 | -2.3 % of GDP | -675.00% |
| 2005 | 0.4 % of GDP | — |
| 2004 | 0 % of GDP | +100.00% |
| 2003 | -0.4 % of GDP | +77.78% |
| 2002 | -1.8 % of GDP | +51.35% |
| 2001 | -3.7 % of GDP | +19.57% |
| 2000 | -4.6 % of GDP | -24.32% |
| 1999 | -3.7 % of GDP | +15.91% |
| 1998 | -4.4 % of GDP | -15.79% |
| 1997 | -3.8 % of GDP | -40.74% |
| 1996 | -2.7 % of GDP | +28.95% |
| 1995 | -3.8 % of GDP | -35.71% |
| 1994 | -2.8 % of GDP | +30.00% |
| 1993 | -4 % of GDP | -48.15% |
| 1992 | -2.7 % of GDP | +38.64% |
| 1991 | -4.4 % of GDP | -25.71% |
| 1990 | -3.5 % of GDP | -25.00% |
| 1989 | -2.8 % of GDP | -64.71% |
| 1988 | -1.7 % of GDP | -70.00% |
| 1987 | -1 % of GDP | -66.67% |
| 1986 | -0.6 % of GDP | -700.00% |
| 1985 | 0.1 % of GDP | -92.86% |
| 1984 | 1.4 % of GDP | +275.00% |
| 1983 | -0.8 % of GDP | +0.00% |
| 1982 | -0.8 % of GDP | -500.00% |
| 1981 | 0.2 % of GDP | +118.18% |
| 1980 | -1.1 % of GDP | — |
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