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Uganda

Headline economic indicators for Uganda, with the most recent official readings.

Prices

Prices — Uganda
Indicator Value Change
Inflation rate · 3.6% +0.26 (+7.7%)
Consumer price index · 224.7 +7.77 (+3.6%)
GDP deflator inflation · 5.2% +0.24 (+4.9%)

GDP

GDP — Uganda
Indicator Value Change
GDP growth rate · 6.3% +0.28 (+4.6%)
GDP per capita · 1,206.3 +128.39 (+11.9%)
GDP per capita, long-run history · 2,122 +38.20 (+1.8%)
GDP · 61,985,829,288.15 +8,073,922,209 (+15.0%)
GDP, PPP · 179,214,990,762 +15,264,475,593 (+9.3%)
GDP per capita, PPP · 3,488 +209.68 (+6.4%)
GDP per capita growth · 3.5% +0.32 (+10.2%)
GNI per capita · 1,120 +110.00 (+10.9%)
Agriculture to GDP · 26.1% +1.51 (+6.1%)
Industry to GDP · 24.3% -0.59 (-2.4%)
Manufacturing to GDP · 14.5% -0.64 (-4.2%)
Services to GDP · 42.1% -1.05 (-2.4%)
Household consumption to GDP · 65.2% -0.86 (-1.3%)
Gross capital formation to GDP · 22.6% +0.25 (+1.1%)
Gross savings to GDP · 25.6% +0.91 (+3.7%)

Labour

Labour — Uganda
Indicator Value Change
Unemployment rate · 2.7% +0.01 (+0.2%)
Labour force participation rate · 80.0% +0.06 (+0.1%)
Female labour force participation rate · 75.6% +0.04 (+0.1%)
Youth unemployment rate · 4.2% -0.03 (-0.7%)
Employment to population ratio · 77.8% +0.05 (+0.1%)
Employment in agriculture · 64.9% -0.56 (-0.9%)
Employment in industry · 7.3% +0.07 (+1.0%)
Employment in services · 27.9% +0.49 (+1.8%)

Money

Money — Uganda
Indicator Value Change
Real interest rate · 14.7% -1.14 (-7.2%)
Broad money to GDP · 22.3% +1.52 (+7.3%)
Private sector credit to GDP · 14.3% -0.51 (-3.5%)
Lending rate · 19.8% -1.43 (-6.7%)
Bank deposit rate · 9.4% -0.31 (-3.2%)
Bank nonperforming loans · 3.9% -0.64 (-14.1%)
Official exchange rate · 3,602.99 -154.27 (-4.1%)

Trade

Trade — Uganda
Indicator Value Change
Current account to GDP · -5.2% +3.29 (+38.9%)
Exports to GDP · 21.4% +4.68 (+27.9%)
Imports to GDP · 28.8% +2.86 (+11.1%)
Trade to GDP · 50.2% +7.55 (+17.7%)
Exports of goods and services · 13,289,512,670.76 +4,255,174,642 (+47.1%)
Imports of goods and services · 17,826,764,688.33 +3,866,170,794 (+27.7%)
Trade balance, goods and services (annual) · -4,819,029,134.04 +74,443,978 (+1.5%)
Current account balance (annual) · -3,201,193,922.9 +1,354,115,093 (+29.7%)
Foreign direct investment to GDP · 5.4% -0.36 (-6.3%)
Remittances received to GDP · 4.5% +1.86 (+70.2%)
Total reserves, including gold · 3,482,906,765.59 -456,202,491 (-11.6%)
Reserves in months of imports · 2.3 -0.86 (-26.8%)
External debt to GNI · 39.2% -3.45 (-8.1%)

Government

Government — Uganda
Indicator Value Change
Government debt to GDP · 54.4% +1.28 (+2.4%)
Government revenue to GDP · 14.0% -0.33 (-2.3%)
Government expense to GDP · 16.6% -0.36 (-2.1%)
Tax revenue to GDP · 12.6% -0.34 (-2.6%)
Government budget balance to GDP · -4.3% +0.62 (+12.5%)
Government consumption to GDP · 11.7% +1.65 (+16.4%)
Education spending to GDP · 2.6% -0.07 (-2.8%)
Health spending to GDP · 4.2% -0.21 (-4.8%)

Demography

Demography — Uganda
Indicator Value Change
Population · 51,384,894 +1,369,802 (+2.7%)
Population, long-run history · 48,065 +1,420 (+3.0%)
Population growth · 2.7% -0.05 (-1.9%)
Life expectancy · 68.5 +0.23 (+0.3%)
Fertility rate · 4.17 -0.12 (-2.8%)
Birth rate · 34.4 -0.77 (-2.2%)
Death rate · 4.8 -0.07 (-1.5%)
Urban population share · 31.9% +0.66 (+2.1%)
Population aged 65 and over · 2.2% +0.04 (+1.8%)
Under-five mortality rate · 48.7 -0.70 (-1.4%)
Population density · 249.4 +6.77 (+2.8%)
Net migration · -119,059 -1,135 (-1.0%)
Gini index · 38.2 -4.50 (-10.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Uganda

Economies nearby

Comparable readings from neighbouring economies.