Uganda Deposit Rate
Deposit interest rate FR.INR.DPST
Uganda's deposit rate was 9.38% in 2018, ranked 110th globally. This represents a 3.2% decrease from 2017. Data from World Bank, covering 1984–2018.
Overview
Uganda's deposit rate stood at 9.38% in 2018, a decline of +0.31pp from 2017. Uganda ranked 110th globally.
Uganda’s deposit rate has fallen sharply from an all‑time peak of 35.83% in 1992 to a trough of 5.56% in 2002, reflecting a long‑run decline in the cost of borrowing for savers over the 35‑year series. By 2018 the rate had risen modestly to 9.38%, placing the country at rank 110 globally and positioning it close to peers such as Nigeria (9.70%) and Suriname (9.24%). The early 1990s surge coincided with macro‑economic reforms and high inflation, while the early 2000s low mirrored tighter monetary policy and improved financial stability. The modest rebound after 2002 suggests a gradual re‑alignment of policy rates with market conditions, yet the deposit rate remains well below its historic high. Continued fiscal consolidation and deeper financial market development could sustain the modest upward trajectory, whereas renewed inflationary pressures would likely depress rates again.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2018 | 9.38% | −0.31pp | #110 |
| 2017 | 9.70% | −3.54pp | #127 |
| 2016 | 13.24% | +0.47pp | #132 |
| 2015 | 12.77% | +1.96pp | #129 |
| 2014 | 10.81% | −1.31pp | #130 |
| 2013 | 12.12% | −4.68pp | #134 |
| 2012 | 16.80% | +3.45pp | #136 |
| 2011 | 13.34% | +5.66pp | #133 |
| 2010 | 7.69% | −2.07pp | #103 |
| 2009 | 9.75% | −0.92pp | #115 |
| 2008 | 10.67% | +1.41pp | #117 |
| 2007 | 9.26% | +0.18pp | #115 |
| 2006 | 9.09% | +0.29pp | #111 |
| 2005 | 8.79% | +1.05pp | #111 |
| 2004 | 7.74% | −2.11pp | #90 |
Detected Pattern
Analysis
Uganda matched the Orthodox Tightening Cycle pattern in 2011. Historically, 57% of countries showing this pattern (177 out of 311) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Uganda's deposit rate was 9.38% in 2018. Ranked 110th globally. This represents a 3.2% decrease from the previous year.
Uganda's deposit rate peaked at 35.83% in 1992.
The lowest deposit rate in Uganda was 5.56% in 2002.
Uganda ranks 110th globally in deposit rate as of 2018.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Uganda in 2018 was 9.38%. This ranks 110th in the world.
Cite this page
@misc{historysaid_uganda_deposit-rate,
title = {Uganda Deposit Rate},
url = {https://historysaid.com/uganda/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}