GDP in Uganda

Uganda GDP | Economic News & Forecasts

Uganda - GDP

GDP expanded at a record rate in year-on-year terms in the second quarter (Q2: +13.7% yoy; Q1: +3.0% yoy) amid a broad-based improvement in activity, with the industrial and services sectors both growing at swifter rates. Data for Q3 points towards a sustained, yet slower recovery as the favorable base effect dissipates. Economic activity slowed through July and August, although it continued to expand at a robust rate. Meanwhile, although the private sector PMI tumbled in July amid a 42-day lockdown, it rebounded into expansionary territory in August and September as containment measures were relaxed and activity resumed. Moreover, selected restrictions were further eased on 23 September, with limits on social gatherings and certain businesses being softened. That said, the nationwide curfew remains in place, as logistical problems and vaccine hesitancy continue to drag on the rollout.

Uganda - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)6.0  0.6  7.2  6.0  5.6  

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Uganda GDP Chart

Uganda GDP
Note: GDP, annual variation in %.
Source: Uganda Bureau of Statistics

Uganda Facts

Value Change Date
Bond Yield15.751.02 %Dec 31
Exchange Rate3,6700.17 %Dec 31
Stock Market0.30.0 %Jan 07

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