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Uganda Debt to GDP Ratio

Uganda's government debt-to-GDP ratio rose to 51.8% in 2024, up from 50.2% in 2023. This increase is driven by a rise in domestic debt and persistent budget deficits financed by borrowing. Elevated domestic and external interest rates also contribute to debt accumulation. Uganda's record low government debt to GDP was 31.2% in 2016 and record high was 71.5% in 2003.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 51.8%
2023 50.2%
2022 48.6%
2021 45.5%
2020 41.1%
2019 35.3%
2018 35.2%
2017 31.9%
2016 31.2%
2015 33.3%
Uganda Debt to GDP Ratio : Definition
Uganda's government debt to GDP measures total government debt as a percentage of the nation's annual economic output (GDP). It is calculated by dividing Uganda's total outstanding debt, encompassing both domestic and external liabilities, by its nominal GDP for that year.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -9.2% -8.3% Dec'24
Interest Rate 9.75% 9.75% Aug'25
Private Credit (% GDP) 14.37% 14.81% 2024