Get to know about Uganda's Economy.

The economy of Uganda has great potential and appeared poised for rapid economic growth and development. Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
Economy ofUganda
KampalaSkyline2.jpg
Kampala, the financial centre of Uganda
CurrencyUganda Shillings(UGX, USh)
Fiscal year
1 July – 30 June
Trade organisations
AU, EAC, COMESA, WTO
Country group
  • Least Developed
  • Low-income Economy
Statistics
GDP
  • Increase $33.930 billion (nominal, 2020 est.)
  • Increase $113.476 billion (PPP, 2020 est.)
GDP rank90th (norminal 2017)
GDP growth
  • 3.9% (2017) 5.9% (2018)
  • 6.1% (2019e) 6.5% (2020f)
GDP per capita
  • Increase $823 (nominal, 2020 est.)
  • Increase $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 cofficient 
42.8 medium(2016)
Human development index
  •  0.528 low(2018) (159th)
  • 0.387 IHDI(2018)
Labour force
  • Increase 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
Increase 116th (medium, 2020)[13]
External
ExportsIncrease $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 Congo6.6%
  •  Rwanda 6.1%
  •  Italy 4.8%
  • (2017)
ImportsIncrease $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 Arabia6.3%
  •  Indonesia4.4%
  •  South Africa4.1%
  • (2017)
FDI stock
$10.909 billion (2016)
Current account
Decrease −$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: Decrease B
Foreign reserves
Increase $3.654 billion (31 December 2017 est.)

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