Uganda: Government debt

* indicates monthly or quarterly data series
 Uganda

Government debt as percent of GDP

 Latest value 47.20
 Year 2020
 Measure percent
 Data availability 1997 - 2020
 Average 42.99
 Min - Max 19.19 - 71.54
 Source Ministry of Finance, Planning and Economic Development of Uganda
For that indicator, we provide data for Uganda from 1997 to 2020. The average value for Uganda during that period was 42.99 percent with a minimum of 19.19 percent in 2009 and a maximum of 71.54 percent in 2003. The latest value from 2020 is 47.2 percent. For comparison, the world average in 2020 based on 179 countries is 66.10 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Uganda - Government debt - Recent values chart

Historical chart
Uganda - Government debt - historical chart - 1997-2020




The government debt in Uganda and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 9.79 2022 percent
 Government spending, in dollars 4.46 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -5.30 2022 percent
 Government debt 47.20 2020 percent
 Government expenditure 4,085.05 Q3/2023 billion
 Tax revenue 12.46 2021 percent
 Commercial tax rate 33.70 2019 percent
 Tax preparation time 195 2019 hours
 Number of taxes 31 2019 taxes
 Taxes on goods and services 42.49 2021 percent
 Taxes on international trade 8.59 2021 percent
 Income and profits taxes 29.70 2021 percent
 Foreign aid 2,515.30 2021 million U.S. dollars
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