Economy of Uganda

Economy of Uganda
	Kampala, the financial centre of Uganda
Currency	Ugandan shilling (USh)
Fiscal year	1 July – 30 June
Trade organisations	AU, EAC, COMESA, WTO
Country group	Least Developed; Low-income economy;
Statistics
GDP	$36.484 billion (nominal, 2020 est.); $113.476 billion (PPP, 2020 est.);
GDP rank	90th (nominal, 2017)
GDP growth	3.9% (2017) 5.9% (2018); 6.1% (2019e) 6.5% (2020f);
GDP per capita	$916.156 (nominal, 2020 est.); $2,752 (PPP, 2020 est.);
GDP by sector	Agriculture: 71.9%; Industry: 4.4%; Services: 23.7%; (2017 est.);
Inflation (CPI)	3.2% (2019)
Base borrowing rate	19.1% (31 December 2017 est.)
Population below poverty line	21.4% (2017 est.); 41.7% on less than $1.90/day (2016);
Gini coefficient	42.8 medium (2016)
Human Development Index	0.528 low (2018) (159th); 0.387 IHDI (2018);
Labour force	16,833,878 (2019); 48.0% employment rate (2017);
Labour force by occupation	agriculture: 71%; industry: 7%; services: 22%; (2013 est.);
Main industries	sugar processing, brewing, tobacco, cotton textiles, cement, steel production
Ease-of-doing-business rank	116th (medium, 2020)
External
Exports	$3.339 billion (2017 est.)
Export goods	coffee, fish and fish products, tea, cotton, flowers, horticultural products, gold
Main export partners	Kenya 17.7%; UAE 16.7%; DR Congo 6.6%; Rwanda 6.1%; Tanzania 4.8%; (2017);
Imports	$5.036 billion (2017 est.)
Import goods	capital equipment, vehicles, petroleum, medical supplies, cereals
Main import partners	China 17.4%; India 13.4%; UAE 12.2%; Kenya 7.9%; Japan 6.4%; Saudi Arabia 6.3%; Indonesia 4.4%; South Africa 4.1%; (2017);
FDI stock	$10.909 billion (2016)
Current account	−$1.212 billion (2017 est.)
Gross external debt	$7.163 billion (31 December 2017 est.)
Public finances
Public debt	$11.2 billion ($3.8 billion, domestic) (2018)
Budget balance	–4.1% (of GDP) (2017 est.)
Revenues	$3.98 billion (2017)
Expenses	$7.66 billion (2017)
Economic aid	$3.68 billion (2017)
Credit rating	Standard & Poor's: B
Foreign reserves	$3.654 billion (31 December 2017 est.)
	Main data source: CIA World Fact Book ; All values, unless otherwise stated, are in US dollars.

The economy of Uganda has great potential for fast economic growth and development. Uganda has significant natural resources, including large amounts fertile land, regular rainfall, and mineral deposits.^[18]

References

↑ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
↑ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
↑ ^3.0 ^3.1 ^3.2 ^3.3 ^3.4 "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 27 February 2020.
↑ "Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges" (PDF). openknowledge.worldbank.org. World Bank. p. 147. Retrieved 22 January 2020.
↑ Biryabarema, Elias (3 October 2017). "Uganda central bank lowers key lending rate to 9.5 percent". Reuters.com. Retrieved 8 June 2018.
↑ ^6.00 ^6.01 ^6.02 ^6.03 ^6.04 ^6.05 ^6.06 ^6.07 ^6.08 ^6.09 ^6.10 ^6.11 ^6.12 "AFRICA :: UGANDA". CIA.gov. Central Intelligence Agency. Retrieved 29 January 2020.
↑ "Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.
↑ "GINI index (World Bank estimate) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.
↑ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
↑ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
↑ "Labor force, total - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.
↑ "Employment to population ratio, 15+, total (%) (national estimate) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.
↑ The EastAfrican (28 October 2019). "Rwanda Drops In Ranking But Remains Top In Region In Ease Of Doing Business". Daily Monitor. Kampala. Retrieved 28 October 2019.
↑ UNCTAD (November 2017). "Uganda: Foreign Investment: Foreign Direct Investment". Export Entreprises SA Quoting UNCTAD. Archived from the original on 12 June 2018. Retrieved 8 June 2018.
↑ Nakaweesi, Dorothy (27 June 2018). "Uganda Shilling: A currency in free-fall". Daily Monitor. Kampala. Retrieved 27 June 2018.
↑ ^16.0 ^16.1 ^16.2 KPMG (June 2017). "Uganda Budget Brief 2017: Economic Commentary" (PDF). Nairobi: KPMG Kenya. Retrieved 8 June 2018.
↑ "S&P lowers Uganda sovereign credit rating to B from B+". Reuters. 17 January 2014. Retrieved 9 December 2014.
↑ Bank, World (2017-12-01). "Uganda Economic Update, 10th Edition, December 2017". {{cite journal}}: Cite journal requires |journal= (help)

Notes

↑ FY based numbers

[1] "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.

[2] "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.

[IMFWEOUG-3] 3.0 ^3.1 ^3.2 ^3.3 ^3.4 "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 27 February 2020.

[World_Bank-4] "Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges" (PDF). openknowledge.worldbank.org. World Bank. p. 147. Retrieved 22 January 2020.

[6] Biryabarema, Elias (3 October 2017). "Uganda central bank lowers key lending rate to 9.5 percent". Reuters.com. Retrieved 8 June 2018.

[CIAWFUG-7] 6.00 ^6.01 ^6.02 ^6.03 ^6.04 ^6.05 ^6.06 ^6.07 ^6.08 ^6.09 ^6.10 ^6.11 ^6.12 "AFRICA :: UGANDA". CIA.gov. Central Intelligence Agency. Retrieved 29 January 2020.

[8] "Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.

[9] "GINI index (World Bank estimate) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.

[10] "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.

[11] "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.

[12] "Labor force, total - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.

[13] "Employment to population ratio, 15+, total (%) (national estimate) - Uganda". data.worldbank.org. World Bank. Retrieved 29 January 2020.

[14] The EastAfrican (28 October 2019). "Rwanda Drops In Ranking But Remains Top In Region In Ease Of Doing Business". Daily Monitor. Kampala. Retrieved 28 October 2019.

[3R-15] UNCTAD (November 2017). "Uganda: Foreign Investment: Foreign Direct Investment". Export Entreprises SA Quoting UNCTAD. Archived from the original on 12 June 2018. Retrieved 8 June 2018.

[4R-16] Nakaweesi, Dorothy (27 June 2018). "Uganda Shilling: A currency in free-fall". Daily Monitor. Kampala. Retrieved 27 June 2018.

[5R-17] 16.0 ^16.1 ^16.2 KPMG (June 2017). "Uganda Budget Brief 2017: Economic Commentary" (PDF). Nairobi: KPMG Kenya. Retrieved 8 June 2018.

[18] "S&P lowers Uganda sovereign credit rating to B from B+". Reuters. 17 January 2014. Retrieved 9 December 2014.

[19] Bank, World (2017-12-01). "Uganda Economic Update, 10th Edition, December 2017". {{cite journal}}: Cite journal requires |journal= (help)

[5] FY based numbers

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