Ethiopia vs Uganda

Ethiopia vs Uganda: Government debt

Government debt: 33.5% of GDP in Ethiopia in 2024 and 53.2% of GDP in Uganda in 2025, by IMF estimates. In 2024 the value was higher in Uganda, by 18.3 percentage points, or 1.55 times that in Ethiopia.

% of GDP · IMF

Ethiopia vs Uganda: Government debtGovernment debt: 33.5% of GDP in Ethiopia in 2024 and 53.2% of GDP in Uganda in 2025, by IMF estimates. In 2024 the value was higher in Uganda, by 18.3 percentage points, or 1.55 times that in Ethiopia.
EthiopiaUgandaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Uganda has been higher since 2022, when it overtook Ethiopia.
  • The IMF projection (World Economic Outlook, October 2026) puts Ethiopia at 27.5% of GDP and Uganda at 57.2% of GDP in 2031.

Every year

% of GDP · IMF

YearEthiopiaUganda
202543.353.2
202433.551.8
202338.750.4
20224749.9
202153.850.3
202053.346.8
201954.738
201858.535
201755.333.6
201651.831.3
201550.728
201444.224.8
201344.122.1
201239.419.5
201144.618
201039.418.4
20093014.8
200856.115.7
200755.717
200679.627.8
200578.242.6
2004103.149
2003103.755.1
2002107.454.7
200197.351.4
200093.648.6
199997.847.7
199889.345.1
199780.344.2
1996132.8–
1995146.6–
1994155.2–
1993141–
199287.9–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearEthiopiaUganda
202640.755.1
20273754.9
202834.255.1
202931.856
203029.756.8
203127.557.2

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Ethiopia vs Uganda

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