Uganda: Commercial banks and other lending (PPG + PNG) (NFL, current US$)

Key figures

Over five years it is down 93.33% from US$311.36 million in 2019 (41.81% a year on average, compounded). Since 1970 it is up 236.62% from US$6.17 million in 1970 (2.27% a year on average, compounded).

What the numbers say

In 2024, Uganda's commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$761.61 million on 2023 (from −US$740.85 million to US$20.77 million).

Across the 30 yearly changes before that (1988 to 2023), the average change was −US$9.32 million and a typical year strayed about US$331.07 million from that (the standard deviation). This year's change was 2.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$897.44 million in 2017 and the biggest yearly fall was US$1.19 billion in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Uganda had the 36th highest value of the 87 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Uganda in the 2024 ranking

• Azerbaijan — 33rd of 87: US$46.76 million
• Guinea — 34th of 87: US$37.07 million
• Tajikistan — 35th of 87: US$29.12 million
• Madagascar — 37th of 87: US$16.12 million
• Lesotho — 38th of 87: US$11.24 million
• Ethiopia — 39th of 87: US$2.51 million

What this measures

Commercial bank and other lending includes net commercial bank lending (public and publicly guaranteed and private non- guaranteed) and other private credits. Data are in current U.S. dollars. Proposed: Commercial bank and other lending includes net commercial bank and other private creditors lending excluding bonds (public and publicly guaranteed + private nonguaranteed).

Limitations: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements.

Regional and income-group figures are computed by the World Bank as a sum.

All 49 values

Commercial banks and other lending (PPG + PNG) (NFL, current US$) in nearby economies

• Angola — −US$924.98 million (2024)
• Benin — US$461.66 million (2024)
• Burkina Faso — US$131.21 million (2024)
• Cabo Verde — −US$22.14 million (2024)
• Cameroon — US$452.97 million (2024)
• Congo, Dem. Rep. — −US$9.02 million (2024)
• Congo, Rep. — −US$404.91 million (2024)
• Côte d'Ivoire — US$233.35 million (2024)
• Eswatini

More economic policy & debt data for Uganda

• Exports of goods and services (current US$) — US$13.29 billion (2025)
• Exports of goods and services (current LCU) — 48.86 trillion (2025)
• Exports of goods and services (% of GDP) — 21.44% (2025)
• Gross capital formation (current US$) — US$14.04 billion (2025)
• Gross capital formation (current LCU) — 51.61 trillion (2025)
• Gross capital formation (% of GDP) — 22.65% (2025)
• Imports of goods and services (current US$) — US$17.83 billion (2025)
• Imports of goods and services (current LCU) — 65.54 trillion (2025)
• Imports of goods and services (% of GDP) — 28.76% (2025)
• External balance on goods and services (current US$)

Reading data like this

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Questions people ask

What is Uganda's commercial banks and other lending (PPG + PNG) (NFL, current US$)?

US$20.77 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 236.62% from US$6.17 million in 1970 (2.27% a year on average, compounded). The highest value was US$779.24 million in 2021 and the lowest −US$740.85 million in 2023.

How does Uganda rank?

36th highest of 87 economies with data for 2024.

Is the latest change in commercial banks and other lending (PPG + PNG) (NFL, current US$) unusual for Uganda?

In 2024, Uganda's commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$761.61 million on 2023 (from −US$740.85 million to US$20.77 million). Across the 30 yearly changes before that (1988 to 2023), the average change was −US$9.32 million and a typical year strayed about US$331.07 million from that (the standard deviation). This year's change was 2.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator DT.NFL.PCBO.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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