Imports in Uganda

Uganda Imports (%) | Economic News & Forecasts

Uganda - Imports (percent change)

Preliminary data showed that the economy contracted sharply in the second quarter of the year, after growth slowed in the first quarter. Domestic and foreign lockdowns to curb the spread of Covid-19 precipitated a broad-based deterioration in the economy, as reflected by PMI readings in the quarter. The services sector was particularly hard hit by restrictive measures at home, as well as job shedding and the associated loss of income. Moreover, frail trade flows undermined the agricultural sector, which has also been hit by the locust infestation. Boding ill for the economy in the third quarter, in late June President Museveni announced certain lockdown measures will remain, which is expected to continue weighing on private consumption as well as business activity. More positively, the June PMI reading provides cause for cautious optimism that the worst is behind the economy; that said, conditions remained subdeud.

Uganda - Imports (%) Data

2015   2016   2017   2018   2019  
Imports (annual variation in %)-2.8  -8.8  14.3  18.1  11.7  

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Note: Imports in USD bn.
Source: Bank of Uganda

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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