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Uganda
Trade data only
GDP of $66.5 bn in 2025, real growth of 6.7% and inflation of 3.6%, by the IMF’s figures.
In January–August 2026 the U.S. bought $156.8M of goods from Uganda and sold it $80.6M, a deficit of $76.2M, and Newark, NJ handled the most of it (12.7% of the trade through listed ports).
Trade
U.S. trade with Uganda
U.S. Census Bureau goods trade between Uganda and the United States, by month, U.S. port and product.
National totals · January–August 2026
All U.S. customs districts. Imports are general imports; exports are total exports.
- Imports
- $156.8M
- +14.5% y/y
- Exports
- $80.6M
- −5.2% y/y
- Total trade
- $237.4M
- +7.0% y/y
- U.S. deficit
- $76.2M
- $24.3M larger than a year earlier
- Share of U.S. trade
- 0.01%
- 134th of 233 partners
Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticCK estimateSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January–August 2026
- Source figures as of
- October 16, 2026
- Geography
- U.S. trade with Uganda, all U.S. customs districts
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Monthly values summed over the period by CK Economics. Total trade (imports + exports), balance, share of U.S. trade, rank and year-on-year changes calculated by CK Economics
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value.
Port subtotals
U.S. ports handling trade with Uganda
The 62 ports listed cover 99.2% of national trade ($235.6M of $237.4M). Another 0.76% went by mail, low-value shipments or through ports Census doesn’t name.
| U.S. port, activate to sort | Imports, activate to sort | Exports, activate to sort | Total trade, sorted descending; activate to reverse | Balance, activate to sort | Share of listed-port trade, activate to sort | Trade y/y, activate to sort |
|---|---|---|---|---|---|---|
| Newark, NJ1003Mainly vessel | $27.2M | $2.7M | $29.9M | −$24.5M | 12.7% | +52.9% |
| Norfolk-Newport News, VA1401Mainly vessel | $23.6M | $271.6K | $23.9M | −$23.4M | 10.1% | +26.5% |
| Charleston, SC1601Mainly vessel | $20.7M | $1.4M | $22.0M | −$19.3M | 9.4% | +82.3% |
| New Orleans, LA2002Mainly air | $16.7M | $4.8M | $21.5M | −$11.9M | 9.1% | +62.5% |
| Houston, TX5301Mainly vessel | $7.0M | $13.4M | $20.4M | $6.4M | 8.7% | −46.0% |
| Chicago, IL3901Mainly air | $631.6K | $19.3M | $19.9M | $18.6M | 8.4% | +140.9% |
| Oakland, CA2811Mainly vessel | $12.9M | $3.4K | $12.9M | −$12.9M | 5.5% | +21.8% |
| New York, NY1001Mainly vessel | $9.6M | $1.9M | $11.4M | −$7.7M | 4.8% | −32.8% |
| Savannah, GA1703Mainly vessel | $4.9M | $5.4M | $10.3M | $437.0K | 4.4% | +15.7% |
| Philadelphia, PA1101Mainly vessel | $7.5M | $0 | $7.5M | −$7.5M | 3.2% | −56.7% |
| Atlanta, GA1704Mainly air | $3.9M | $3.3M | $7.3M | −$622.8K | 3.1% | +249.1% |
| Miami International Airport, FL5206Mainly air | $1.2M | $5.9M | $7.1M | $4.7M | 3.0% | +114.1% |
| Seattle, WA3001Mainly vessel | $5.2M | $56.0K | $5.3M | −$5.1M | 2.2% | −37.1% |
| JFK International Airport, NY1012Mainly air | $2.5M | $2.6M | $5.1M | $49.1K | 2.1% | +23.1% |
| Cleveland, OH4101Mainly air | $584.1K | $3.8M | $4.4M | $3.2M | 1.9% | +80.0% |
| Baltimore, MD1303Mainly vessel | $4.0M | $22.3K | $4.0M | −$3.9M | 1.7% | +46.0% |
| Bangor, ME0102Mixed | $0 | $3.8M | $3.8M | $3.8M | 1.6% | None a year earlier |
| Indianapolis, IN4110Mainly air | $2.6M | $0 | $2.6M | −$2.6M | 1.1% | None a year earlier |
| Memphis, TN2006Mainly land/other | $0 | $2.1M | $2.1M | $2.1M | 0.87% | +684.3% |
| San Francisco International Airport, CA2801Mainly air | $0 | $1.9M | $1.9M | $1.9M | 0.81% | +245.4% |
| Los Angeles International Airport, CA2720Mainly air | $310.4K | $1.3M | $1.6M | $1.0M | 0.70% | +38.9% |
| Los Angeles, CA2704Mainly vessel | $1.1M | $168.5K | $1.3M | −$947.6K | 0.55% | −54.7% |
| Dallas-Fort Worth, TX5501Mainly air | $287.0K | $965.5K | $1.3M | $678.5K | 0.53% | −19.0% |
| Champlain-Rouses Point, NY0712Mainly land/other | $839.9K | $0 | $839.9K | −$839.9K | 0.36% | +143.2% |
| Washington, DC5401Mainly air | $110.3K | $660.5K | $770.9K | $550.2K | 0.33% | −64.8% |
| Philadelphia International Airport, PA1108Mainly air | $562.5K | $28.3K | $590.8K | −$534.2K | 0.25% | −7.6% |
| Mobile, AL1901Mainly vessel | $0 | $568.0K | $568.0K | $568.0K | 0.24% | −42.8% |
| Miami, FL5201Mainly vessel | $521.8K | $0 | $521.8K | −$521.8K | 0.22% | +39.6% |
| Houston Intercontinental Airport, TX5309Mainly air | $31.5K | $442.6K | $474.1K | $411.1K | 0.20% | −58.3% |
| Logan Airport, MA0417Mainly air | $4.0K | $416.5K | $420.4K | $412.5K | 0.18% | −10.4% |
| Rockford Airport, IL3909Mainly air | $0 | $408.0K | $408.0K | $408.0K | 0.17% | None a year earlier |
| St. Louis, MO4503Mainly land/other | $357.8K | $0 | $357.8K | −$357.8K | 0.15% | −43.7% |
| Seattle-Tacoma International Airport, WA3029Mainly air | $11.0K | $310.0K | $321.0K | $298.9K | 0.14% | +105.2% |
| Buffalo-Niagara Falls, NY0901Mainly land/other | $0 | $305.0K | $305.0K | $305.0K | 0.13% | −95.7% |
| Jacksonville, FL1803Mainly vessel | $298.8K | $0 | $298.8K | −$298.8K | 0.13% | −96.4% |
| Denver, CO3307Mainly land/other | $10.5K | $268.6K | $279.2K | $258.1K | 0.12% | +5.5% |
| Tacoma, WA3002Mainly vessel | $231.3K | $36.2K | $267.6K | −$195.1K | 0.11% | −56.3% |
| Blaine, WA3004Mainly land/other | $235.6K | $0 | $235.6K | −$235.6K | 0.10% | +31.7% |
| Honolulu, HI3201Mainly vessel | $209.5K | $0 | $209.5K | −$209.5K | 0.09% | None a year earlier |
| Port Huron, MI3802Mainly land/other | $175.1K | $14.9K | $190.0K | −$160.2K | 0.08% | +4.4% |
| Charlotte, NC1512Mainly air | $0 | $184.1K | $184.1K | $184.1K | 0.08% | −34.3% |
| San Francisco, CA2809Mainly vessel | $147.3K | $0 | $147.3K | −$147.3K | 0.06% | None a year earlier |
| Ontario International Airport, CA2721Mainly air | $0 | $139.8K | $139.8K | $139.8K | 0.06% | +29.3% |
| Long Beach, CA2709Mainly vessel | $0 | $110.1K | $110.1K | $110.1K | 0.05% | −40.7% |
| Anchorage, AK3126Mainly air | $81.5K | $0 | $81.5K | −$81.5K | 0.03% | −60.2% |
| Cincinnati-Lawrenceburg, OH4102Mainly air | $0 | $72.6K | $72.6K | $72.6K | 0.03% | +145.1% |
| Wichita, KS4504Mainly air | $0 | $61.2K | $61.2K | $61.2K | 0.03% | +284.4% |
| Detroit, MI3801Mainly land/other | $58.4K | $0 | $58.4K | −$58.4K | 0.02% | None a year earlier |
| Phoenix, AZ2605Mainly air | $0 | $55.3K | $55.3K | $55.3K | 0.02% | None a year earlier |
| San Antonio, TX5507Mainly air | $0 | $54.2K | $54.2K | $54.2K | 0.02% | None a year earlier |
| Minneapolis-St. Paul, MN3501Mainly land/other | $31.6K | $20.5K | $52.1K | −$11.1K | 0.02% | −67.5% |
| San Diego, CA2501Mainly vessel | $48.8K | $0 | $48.8K | −$48.8K | 0.02% | +475.4% |
| Tampa, FL1801Mainly vessel | $0 | $41.0K | $41.0K | $41.0K | 0.02% | +1207.1% |
| Salt Lake City, UT3303Mainly air | $26.0K | $0 | $26.0K | −$26.0K | 0.01% | −5.5% |
| Grand Rapids, MI3806Mainly land/other | $0 | $23.8K | $23.8K | $23.8K | 0.01% | None a year earlier |
| Tucson, AZ2609Mainly air | $0 | $19.1K | $19.1K | $19.1K | 0.01% | +70.9% |
| Durham, NC1503Mainly air | $0 | $11.6K | $11.6K | $11.6K | <0.01% | −75.2% |
| Kansas City, MO4501Mainly land/other | $0 | $11.5K | $11.5K | $11.5K | <0.01% | None a year earlier |
| Boston, MA0401Mainly vessel | $0 | $4.5K | $4.5K | $4.5K | <0.01% | −92.1% |
| Port Everglades, FL5203Mainly vessel | $4.4K | $0 | $4.4K | −$4.4K | <0.01% | −96.9% |
| Orlando, FL1808Mainly air | $3.5K | $0 | $3.5K | −$3.5K | <0.01% | −99.7% |
| Alexandria Bay, NY0708Mainly land/other | $2.2K | $0 | $2.2K | −$2.2K | <0.01% | None a year earlier |
Port figures are subtotals: they add up to the listed-port total, not the national total above. Shares are of trade through the ports listed. Main mode is each port’s mode by trade value over the latest twelve months, not its gateway type. Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticCK estimateSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January–August 2026
- Source figures as of
- October 16, 2026
- Geography
- Listed U.S. ports of entry and exit handling trade with Uganda
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Monthly values summed over the period by CK Economics. Total trade (imports + exports), balance, shares of the listed-port total, ranks and year-on-year changes calculated by CK Economics
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value. Port figures are subtotals and don’t add up to the national total. Listed ports only: Census’s pseudo-ports (mail, low-value shipments, vessels under their own power) and unnamed ports are left out.
Largest ports for trade with Uganda, by trade
U.S. dollars · January–August 2026 · port subtotals
- Imports
- Exports
- Newark, NJImports: $27.2MExports: $2.7M
- Norfolk-Newport News, VAImports: $23.6MExports: $271.6K
- Charleston, SCImports: $20.7MExports: $1.4M
- New Orleans, LAImports: $16.7MExports: $4.8M
- Houston, TXImports: $7.0MExports: $13.4M
- Chicago, ILImports: $631.6KExports: $19.3M
- Oakland, CAImports: $12.9MExports: $3.4K
- New York, NYImports: $9.6MExports: $1.9M
- Savannah, GAImports: $4.9MExports: $5.4M
- Philadelphia, PAImports: $7.5MExports: $0
Top 10 = 76.3% of U.S. trade with Uganda through the ports listed.
Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticCK estimateSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January–August 2026
- Source figures as of
- October 16, 2026
- Geography
- Listed U.S. ports of entry and exit handling trade with Uganda
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Monthly values summed over the period by CK Economics. Total trade (imports + exports), balance, shares of the listed-port total, ranks and year-on-year changes calculated by CK Economics
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value. Port figures are subtotals and don’t add up to the national total. Listed ports only: Census’s pseudo-ports (mail, low-value shipments, vessels under their own power) and unnamed ports are left out.
View data table
| Port | Imports | Exports |
|---|---|---|
| Newark, NJ | $27.2M | $2.7M |
| Norfolk-Newport News, VA | $23.6M | $271.6K |
| Charleston, SC | $20.7M | $1.4M |
| New Orleans, LA | $16.7M | $4.8M |
| Houston, TX | $7.0M | $13.4M |
| Chicago, IL | $631.6K | $19.3M |
| Oakland, CA | $12.9M | $3.4K |
| New York, NY | $9.6M | $1.9M |
| Savannah, GA | $4.9M | $5.4M |
| Philadelphia, PA | $7.5M | $0 |
Trade with Uganda by the ports’ main mode
U.S. dollars · January–August 2026 · every listed port
- Imports
- Exports
- Mainly vesselImports: $125.1MExports: $26.0M
- Mainly airImports: $29.6MExports: $46.7M
- Mainly land/otherImports: $1.7MExports: $2.7M
- MixedImports: $0Exports: $3.8M
Ports grouped by their main mode by trade value over the latest twelve months (vessel or air at least half; land/other when vessel and air together are under half; otherwise mixed). A port’s group says how most of its trade moves, not what kind of gateway it is.
Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticCK estimateSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January–August 2026
- Source figures as of
- October 16, 2026
- Geography
- Listed U.S. ports handling trade with Uganda
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Monthly values summed over the period by CK Economics. Ports grouped by their main mode over the latest twelve months, and each group summed, by CK Economics
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value. A port’s group says how most of its trade moves, not what kind of gateway it is.
View data table
| Main mode by value | Imports | Exports |
|---|---|---|
| Mainly vessel | $125.1M | $26.0M |
| Mainly air | $29.6M | $46.7M |
| Mainly land/other | $1.7M | $2.7M |
| Mixed | $0 | $3.8M |
Monthly U.S. imports from and exports to Uganda
U.S. dollars · January 2025–August 2026 · national totals
- Imports
- Exports
Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January 2025–August 2026
- Source figures as of
- October 16, 2026
- Geography
- U.S. trade with Uganda, all U.S. customs districts
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- None: figures as published
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value.
View data table
| Month | Imports | Exports |
|---|---|---|
| Jan 2025 | $8.1M | $5.6M |
| Feb 2025 | $11.4M | $7.3M |
| Mar 2025 | $11.9M | $12.4M |
| Apr 2025 | $23.9M | $22.7M |
| May 2025 | $17.5M | $8.4M |
| Jun 2025 | $22.3M | $7.2M |
| Jul 2025 | $27.6M | $9.2M |
| Aug 2025 | $14.2M | $12.3M |
| Sep 2025 | $14.3M | $12.2M |
| Oct 2025 | $16.7M | $6.1M |
| Nov 2025 | $16.1M | $6.1M |
| Dec 2025 | $14.5M | $10.0M |
| Jan 2026 | $27.6M | $4.3M |
| Feb 2026 | $23.3M | $6.9M |
| Mar 2026 | $16.7M | $11.5M |
| Apr 2026 | $12.2M | $8.5M |
| May 2026 | $30.3M | $7.1M |
| Jun 2026 | $13.9M | $16.4M |
| Jul 2026 | $12.9M | $14.9M |
| Aug 2026 | $19.9M | $11.0M |
Monthly U.S. goods balance with Uganda
U.S. dollars, exports − imports · January 2025–August 2026 · national totals
- Deficit (below zero)
- Surplus (above zero)
Source: U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port); released 2026-10-16; retrieved 2026-10-16. Not seasonally adjusted.
Official statisticCK estimateSource figures as of October 16, 2026Sources & methods
- Sources
- U.S. Census Bureau, International Trade API (goods trade by country, national and by U.S. port)
- Period covered
- January 2025–August 2026
- Source figures as of
- October 16, 2026
- Geography
- U.S. trade with Uganda, all U.S. customs districts
- Sector
- International trade in goods
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Balance (exports − imports) calculated by CK Economics
- Revisions
- When Census publishes a new month, CK re-collects the previous 12; older months are re-collected after Census’s annual revision each June, or sooner if Census’s totals for them change. Revised figures replace earlier ones.
- Data status
- Each month passes CK’s release checks (complete, totals reconcile with Census’s, no sharp jumps) before it is published.
- Limitations
- Goods only, not services. General imports at customs value, total exports at f.a.s. value.
View data table
| Month | Balance |
|---|---|
| Jan 2025 | −$2.5M |
| Feb 2025 | −$4.1M |
| Mar 2025 | $477.6K |
| Apr 2025 | −$1.2M |
| May 2025 | −$9.1M |
| Jun 2025 | −$15.1M |
| Jul 2025 | −$18.4M |
| Aug 2025 | −$1.9M |
| Sep 2025 | −$2.2M |
| Oct 2025 | −$10.6M |
| Nov 2025 | −$10.1M |
| Dec 2025 | −$4.5M |
| Jan 2026 | −$23.3M |
| Feb 2026 | −$16.4M |
| Mar 2026 | −$5.2M |
| Apr 2026 | −$3.7M |
| May 2026 | −$23.2M |
| Jun 2026 | $2.5M |
| Jul 2026 | $2.1M |
| Aug 2026 | −$8.8M |
Products · live from Census
What moves
Loading product detail from Census…
Overview
Uganda in figures
The latest figure each source reports, from the IMF’s World Economic Outlook. Annual figures come from one international source on one definition for every country, so they compare across this site’s country pages.
Output
IMF World Economic Outlook, annual
Prices and jobs
IMF, annual
Outlook
Where the IMF sees it going
The IMF’s World Economic Outlook projections next to the last two years it reports.
IMF forecast
World Economic Outlook, October 2026. Shaded columns from 2026 on are the IMF’s projections, not CK Economics’.
| Indicator | 2024 | 2025 | 2026IMF forecast → | 2027 (IMF forecast) | 2028 (IMF forecast) | 2029 (IMF forecast) | 2030 (IMF forecast) | Trend |
|---|---|---|---|---|---|---|---|---|
| Real GDP growth, % | 6.0 | 6.7 | 6.2 | 9.9 | 7.1 | 6.3 | 6.0 | |
| Inflation, annual average, % | 3.3 | 3.6 | 4.2 | 5.3 | 4.6 | 5.0 | 5.0 | |
| Government balance, % of GDP | −3.9 | −6.6 | −5.8 | −5.6 | −5.5 | −6.3 | −5.5 | |
| Government gross debt, % of GDP | 51.8 | 53.2 | 55.1 | 54.9 | 55.1 | 56.0 | 56.8 | |
| Current account balance, % of GDP | −8.0 | −5.1 | −7.3 | −2.4 | −1.6 | −0.3 | −0.3 |
International Monetary Fund, World Economic Outlook, via the IMF DataMapper. Years before 2026 are the IMF’s reported series, which for some countries include staff estimates.
Data explorer
Every series, to explore and download
Pick a series to chart it over any range, as levels or changes, set it against other countries on the same definition, and download it with its source.
Uganda: GDP per capita, purchasing power parity
Gross domestic product per person at current prices, converted at purchasing power parity rates so that a dollar buys the same amount of goods and services in every country.
Official statisticIMF forecastSource figures as of October 8, 2026 · International Monetary Fund’s own, as published, To 2031Sources & methods
- Sources
- International Monetary Fund
- Period covered
- 1980 – 2025
- Source figures as of
- October 8, 2026
- Geography
- Uganda
- Sector
- Whole economy (not a single sector)
- Seasonal adjustment
- Not applicable
- Transformations
- None: figures as published
- Forecast method
- International Monetary Fund’s own, as published
- Assumptions
- International Monetary Fund’s own
- Horizon
- To 2031
- Interval
- Not recorded
- Backtest
- See the publisher
- Revisions
- Replaced with the source’s latest figures whenever it revises them.
- Data status
- Current
Download and source
- Every value (CSV) · JSON
- Full series page: methodology, revisions and citation →
- International Monetary Fund, World Economic Outlook (WEO October 2026). Source series PPPPC. Licence: IMF terms of use (https://www.imf.org/en/About/copyright-and-terms). At the source ↗
Definitions
Read the figures alike
Every figure keeps its source’s definition; where two sound alike but are measured differently, the difference is here.
- GDP in dollars
- The IMF converts GDP at current prices at each year’s market exchange rate, so the dollar figure moves with the currency. GDP per person at purchasing power parity converts at the cost of the same basket of goods in every country instead, which suits comparisons of living standards.
- Trade
- The Trade section is U.S. Census Bureau goods trade between this country and the United States only, month by month. The current account (IMF) is the balance of goods and services trade with every partner plus income flows.
- Latest values and forecasts
- Each latest figure is the most recent period the source does not label a projection; for some countries the IMF’s latest years are its staff estimates. Values the IMF projects are labelled “IMF forecast” wherever they appear. They are the IMF’s, not CK Economics’.