Private Sector Credit Statistics in Uganda (2026)
Uganda recorded domestic credit to the private sector of 14.3% of GDP in 2024, World Bank World Development Indicators data show. Down from 14.8% of GDP in 2023 to 14.3% of GDP in 2024 (−0.5 percentage points). Uganda ranks #18 of 35 economies in Sub-Saharan Africa on this measure, and #137 of 160 globally.
Key Statistics
- Latest value (2024)
- 14.3% of GDP (2024)
- Private Sector Credit in Uganda as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −0.5 pp (2024)
- Down from 14.8% of GDP in 2023 to 14.3% of GDP in 2024 (−0.5 percentage points).
- Earliest value in this dataset (2011)
- 11.7% of GDP (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 11.7% of GDP in 2011 to 14.3% of GDP in 2024.
- Peak value (2022)
- 15.1% of GDP (2022)
- Highest value in the available series; the 2024 value is 14.3% of GDP.
- Rank in Sub-Saharan Africa
- #18 of 35 (2024)
- Uganda ranks 18 of 35 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #137 of 160 (2024)
- Uganda ranks 137 of 160 countries with data globally.
- Sub-Saharan Africa average
- 20.8% of GDP (2024)
- Uganda (14.3% of GDP) is below the average of 20.8% of GDP across the 35 countries in Sub-Saharan Africa with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 12.5% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 10.7% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Uganda (2024)
- 8.9% (2024)
- 8.9% of the population in Uganda used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 50 million (2024)
- Uganda had a population of 50 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 14.3% | −0.5 pp |
| 2023 | 14.8% | −0.3 pp |
| 2022 | 15.1% | +0.3 pp |
| 2021 | 14.8% | +0.6 pp |
| 2020 | 14.2% | +0.4 pp |
| 2019 | 13.8% | +0.2 pp |
| 2018 | 13.6% | +0.2 pp |
| 2017 | 13.5% | −0.2 pp |
| 2016 | 13.6% | −0.1 pp |
| 2015 | 13.8% | +0.9 pp |
| 2014 | 12.9% | +0.7 pp |
| 2013 | 12.2% | +0.1 pp |
| 2012 | 12.2% | +0.5 pp |
| 2011 | 11.7% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Uganda?
Domestic credit to the private sector in Uganda stood at 14.3% of GDP in 2024, according to World Bank World Development Indicators data.
Where does Uganda rank globally on private sector credit?
Uganda ranks 137 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did private sector credit in Uganda peak?
The highest value in the available series was 15.1% of GDP in 2022; the latest (2024) value is 14.3% of GDP.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .