Uganda's Economy is Growing Stable Liberalised

 Economy, Demographics & Governance

Uganda's Economy

Uganda is one of the fastest growing countries in the world. The liberalisation of the economy in 1986 contributed substantially to Uganda’s accelerated economic growth and it has experienced average annual growth of over 6% in the past 30 years.

The economy is projected to grow by 6.2% in 2019/20, driven mainly by increased investment in value added activities in the agriculture sector, the services sector and ongoing government investment in public infrastructure. The economy is generally stable, with inflation averaging 6.3% from 1998 until 2019.

Key Information Year Description Source
Economy & Demographics
Population
2018
38.3 Million
IMF
Population Forecast
2023
45 Million
IMF
GDP
2018
US$ 97 billion in PPP
IMF
GDP Forecast
2023
US$ 144 billion in IMF PPP
IMF
GDP growth rate per annum forecast
2019-23
6%+
IMF
GDP per Capita
2018
US$ 2490 in PPP
IMF
Inflation
Feb 2019
3.70%
TradingEconomies
Exports
2017
US$ 2.9 billion
ITC
Exports (Growth)
2017
17%
ITC
Imports
2017
US$ 4.8 billion
ITC
Imports (Growth)
2017
16%
ITC
Government debt to GDP
2017
38.60%
TradingEconomies
Corporate tax rate
2018
30%
PWC
Sales tax rate (VAT)
2018
18%
PWC
Social Security rate (payable by companies)
2018
10%
PWC
USD Exchange rate
Feb 2019
3700 UGX per dollar
XE.com
Governance
Governance System
2019
Multiparty
Administrative system
2019
Decentralised at district local government
Capital City
2019
Kampala
Control of the Economy
2019
Fully liberalized
Area
2019
241,038km2 (93,065sq mi)
Calling Code
2019
256
Driving Lane
2019
Left
Gentilic
2019
Ugandan
Internet TLD
2019
.ug
ISO 3166
2019
Code UG
M
Population
$US B
GDP in PPP
%+
GDP growth rate p.a
%
Exports (Growth)

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