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)
Uganda is open for business
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