Economy of Uganda
Population: 42.72 M (2018)
GDP per Capita: 643 USD (2018)
27,460 M.

GDP USD

(2018)

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5,360 M.

EXPORTS USD

(2018)

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7,880 M.

IMPORTS USD

(2018)

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42.00 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.15 % (2018)
GDP of 2010 USD USD 30.30 B. (2018)
GDP Current USD USD 27.46 B. (2018)
GDP per Capita Current USD USD 643 (2018)
GDP per capita, PPP USD 1,808 (2018)
GDP per Capita, 2010 USD USD 710 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 12.09 % (2018)
Government Spending USD 3.32 B. (2018)
Government Debt % GDP 42.00 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 110.31 (2018)
Trade Openness 48.20 % (2018)
Exports of Goods and Services % GDP 19.51 % (2018)
Exports Goods & Services USD 5.36 B. (2018)
Exports Annual Growth 19.02 % (2018)
Imports as % GDP 28.69 % (2018)
Total Imports USD 7.88 B. (2018)
Foreign Direct Investment % GDP 4.87 % (2018)
Foreign Direct Investment USD 1.34 B. (2018)
Current Account Balance % GDP USD -9.34 % (2018)
Current Account Balance USD -2.56 B. (2018)
Trade Balance % GDP -9.18 % (2018)
Trade Balance USD -3.03 B. (2018)
Foreign Exchange Reserves incl Gold USD 3.36 B. (2018)
Remittances % GDP 4.48 % (2018)
Remittances USD 1,230 M. (2018)
Balance of Payments USD 456 M. (2018)

Labor Market

Indicator Value
Labor Force 16.83 M. (2019)
Unemployment Rate 1.79 % (2019)
Unemployment Rate Females 2.30 % (2019)
Unemployment Rate Males 1.40 % (2019)
Youth Unemployment (ages 15-24) 2.73 % (2019)
Labor Force Participation Rate 71.08 % (2019)
Labor Force (Percent Female) 49.32 % (2019)
Female Labor Force Participation Rate 67.27 % (2019)
Male Labor Force Participation Rate 75.01 % (2019)
Dependent People 95.59 % (2018)

Agriculture Sector

Indicator Value
Forest Area 9.70 % (2016)
Forest Area km² 19,418 km² (2016)
Agricultural Land 71.89 % (2016)
Agricultural Land km² 144,150 km² (2016)
Employment 70.38 % (2019)
Value added % GDP 24.21 % (2018)
Agriculture Value added USD 6.65 B. (2018)
Crop Production Index 81.60 (2016)
Precipitation 1,180 mm (2014)
Arable Land 34 % (2016)
Cereal Yield 2,050 kg/hectare (2017)
Food production index 98 (2016)
Rural Population 76 % (2018)
Fertilizer use of Arable Land 2 kg/hectare (2016)
Livestock Production Index 132 (2016)
Economy of Uganda

According to the World Bank and its latest published data, the economy of the Uganda presents a growth rate of 6.15 % (2018) to the previous year.

With a population that reaches 42.72 M (2018) and a gross domestic product of USD 27.46 B. (2018), it translates a Gross Domestic Product per Capita of USD 643 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Uganda also has a workforce of 16.83 M. (2019) with an unemployment rate of 1.79 % (2019), where women represent 2.30 % (2019) and men 1.40 % (2019), the unemployment rate for young people between 15-24 years old stood at 2.73 % (2019). The total number of dependent people stands at 95.59 % (2018).

The central government spent 12.09 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.32 B. (2018). Its consolidated public debt reached 42.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Uganda exported USD 5.36 B. (2018), which represents 19.51 % (2018) of its gross domestic product, in that same sense its imports reached USD 7.88 B. (2018) with a direct foreign investment of USD 1.34 B. (2018).

Uganda has a forest area of 19,418 km² (2016), which represents 9.70 % (2016) of its total area, an average rainfall of 1,180 mm (2014) per year and a population of 76 % (2018) living in rural areas. With a total area of 144,150 km² (2016) available for agriculture and 70.38 % (2019) of its employments, the agricultural sector contributes to the economy of the Uganda about USD 6.65 B. (2018) (24.21 % (2018) of its GDP).