Economy - overview:
Uganda has substantial natural resources, including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Uganda has never conducted a national minerals survey. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues. Since 1986, the government - with the support of foreign countries and international agencies - has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. Since 1990 economic reforms ushered in an era of solid economic growth based on continued investment in infrastructure, improved incentives for production and exports, lower inflation, better domestic security, and the return of exiled Indian-Ugandan entrepreneurs. The global economic downturn hurt Uganda's exports; however, Uganda's GDP growth has largely recovered due to past reforms and sound management of the downturn. Oil revenues and taxes will become a larger source of government funding as oil comes on line in the next few years. Instability in South Sudan is a risk for the Ugandan economy because Uganda's main export partner is Sudan, and Uganda is a key destination for Sudanese refugees. Unreliable power, high energy costs, inadequate transportation infrastructure, and corruption inhibit economic development and investor confidence.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Distribution of family income - Gini index: Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$54.37 billion (2013 est.)
country comparison to the world: 96
$51.47 billion (2012 est.)
$50.08 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$22.6 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
5.6% (2013 est.)
country comparison to the world: 45
2.8% (2012 est.)
6.2% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$1,500 (2013 est.)
country comparison to the world: 204
$1,400 (2012 est.)
$1,500 (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
17.4% of GDP (2013 est.)
country comparison to the world: 93
14.7% of GDP (2012 est.)
13.1% of GDP (2011 est.)
[see also: Gross national saving country ranks ]
household consumption:
82.3%
government consumption:
7.6%
investment in fixed capital:
25.5%
investment in inventories:
0.2%
exports of goods and services:
22.8%
imports of goods and services:
-38.3%
(2013 est.)
agriculture:
23.1%
industry:
26.9%
services:
50% (2013 est.)
coffee, tea, cotton, tobacco, cassava (manioc, tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry
sugar, brewing, tobacco, cotton textiles; cement, steel production
3.8% (2013 est.)
country comparison to the world: 78
[see also: Industrial production growth rate country ranks ]
17.4 million (2013 est.)
country comparison to the world: 35
[see also: Labor force country ranks ]
agriculture:
82%
industry:
5%
services:
13% (1999 est.)
NA%
[see also: Unemployment rate country ranks ]
24.5% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
2.4%
highest 10%:
36.1% (2009 est.)
44.3 (2009)
country comparison to the world: 46
45.7 (2002)
[see also: Distribution of family income - Gini index country ranks ]
revenues:
$3.2 billion
expenditures:
$3.803 billion (2013 est.)
14.2% of GDP (2013 est.)
country comparison to the world: 198
[see also: Taxes and other revenues country ranks ]
-2.7% of GDP (2013 est.)
country comparison to the world: 113
[see also: Budget surplus (+) or deficit (-) country ranks ]
30.7% of GDP (2013 est.)
country comparison to the world: 119
26.3% of GDP (2012 est.)
[see also: Public debt country ranks ]
1 July - 30 June
6.2% (2013 est.)
country comparison to the world: 178
14% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
14% (31 December 2010 est.)
country comparison to the world: 29
9.65% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]
23.7% (31 December 2013 est.)
country comparison to the world: 10
26.31% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]
$2.455 billion (31 December 2013 est.)
country comparison to the world: 121
$2.015 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]
$4.049 billion (31 December 2013 est.)
country comparison to the world: 137
$3.293 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$3.67 billion (31 December 2013 est.)
country comparison to the world: 120
$3.042 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
$7.294 billion (31 December 2012 est.)
country comparison to the world: 70
$7.727 billion (31 December 2011)
$1.788 billion (31 December 2011 est.)
[see also: Market value of publicly traded shares country ranks ]
-$1.908 billion (2013 est.)
country comparison to the world: 139
-$2.232 billion (2012 est.)
[see also: Current account balance country ranks ]
$3.156 billion (2013 est.)
country comparison to the world: 127
$2.811 billion (2012 est.)
[see also: Exports country ranks ]
coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold
Kenya 12.3%, Rwanda 10.3%, UAE 10.2%, Democratic Republic of the Congo 9.4%, Netherlands 6.1%, Germany 5.6%, Italy 4.4% (2012)
$4.858 billion (2013 est.)
country comparison to the world: 129
$5.187 billion (2012 est.)
[see also: Imports country ranks ]
capital equipment, vehicles, petroleum, medical supplies; cereals
Kenya 15.6%, UAE 15.4%, China 12.8%, India 11.7%, South Africa 4.1%, Japan 4% (2012)
$3.579 billion (31 December 2013 est.)
country comparison to the world: 102
$3.167 billion (31 December 2012 est.)
note:
excludes gold
[see also: Reserves of foreign exchange and gold country ranks ]
$5.223 billion (31 December 2013 est.)
country comparison to the world: 119
$4.461 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Ugandan shillings (UGX) per US dollar -
2,604.6 (2013 est.)
2,505.6 (2012 est.)
2,177.6 (2010 est.)
2,030 (2009)
1,658.1 (2008)