Uganda: Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)

Key figures

What the numbers say

In 2024, Uganda's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$1.46 billion on 2023 (from −US$1.35 billion to US$101.54 million).

Across the 10 yearly changes before that (2014 to 2023), the average change was −US$511 million and a typical year strayed about US$1.46 billion from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$1.46 billion in 2024 and the biggest yearly fall was US$3.86 billion in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 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 29th highest value of the 79 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

• Bosnia and Herzegovina — 26th of 79: US$199.7 million
• Fiji — 27th of 79: US$166.34 million
• Bangladesh — 28th of 79: US$139.92 million
• Kosovo — 30th of 79: US$99.68 million
• Burkina Faso — 31st of 79: US$68.23 million
• Liberia — 32nd of 79: US$50.25 million

What this measures

Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.

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

All 12 values

Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies

• Angola — US$315.18 million (2024)
• Benin — US$504.98 million (2023)
• Burkina Faso — US$68.23 million (2024)
• Cameroon — −US$53.46 million (2024)
• Côte d'Ivoire — −US$141.21 million (2024)
• Eswatini — −US$37.85 million (2024)
• Ghana — −US$1.24 billion (2024)
• Guinea-Bissau — −US$23.6 million (2020)

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 net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?

US$101.54 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is down 97.3% from US$3.76 billion in 2013 (27.98% a year on average, compounded). The highest value was US$3.76 billion in 2013 and the lowest −US$1.35 billion in 2023.

How does Uganda rank?

29th highest of 79 economies with data for 2024.

Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Uganda?

In 2024, Uganda's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$1.46 billion on 2023 (from −US$1.35 billion to US$101.54 million). Across the 10 yearly changes before that (2014 to 2023), the average change was −US$511 million and a typical year strayed about US$1.46 billion from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator DT.NFL.DPNG.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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