● Each country is a unique chapter in the BOOK OF HUMANITY, written in the sweat and blood of people whose PAGES will now remain forever ● 每个国家都是《人类之书》中独特的一章，由人们的汗水与鲜血写就，而他们的篇章如今将永世留存 ● Каждая страна — уникальная глава КНИГИ ЧЕЛОВЕЧЕСТВА, написанная потом и кровью людей, чьи СТРАНИЦЫ теперь будут оставаться навсегда ●
Uganda - Economy
How is the economy of Uganda? Based on the information we have, Uganda has a low-income, primarily agrarian East African economy; COVID-19 hurt economic growth and poverty reduction; lower oil prices threaten prior sector investments; endemic corruption; natural resource rich; high female labor force participation but undervalued. Key agricultural products in this country include: plantains, sugarcane, milk, maize, cassava, sweet potatoes, vegetables, beans, potatoes, tea (2023).
More about the economy of Uganda
| Labor force | 22.829 million (2024 est.) |
|---|---|
| Industrial production growth rate | 4.9% (2024 est.) |
| Industries | sugar processing, brewing, tobacco, cotton textiles; cement, steel production |
| Population below poverty line | 20.3% (2019 est.) |
| Taxes and other revenues | 13% (of GDP) (2023 est.) |
| Fiscal year | N/A |
| Exchange rates | |
| Currency | Ugandan shillings (UGX) per US dollar - |
| Exchange rates 2024 | 3,757.263 (2024 est.) |
| Exchange rates 2023 | 3,726.14 (2023 est.) |
| Exchange rates 2022 | 3,689.817 (2022 est.) |
| Exchange rates 2021 | 3,587.052 (2021 est.) |
| Exchange rates 2020 | 3,718.249 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $10.469 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2018 | $3.359 billion (2018 est.) |
| Reserves of foreign exchange and gold 2017 | $3.721 billion (2017 est.) |
| Reserves of foreign exchange and gold 2016 | $3.098 billion (2016 est.) |
| Current account balance | |
| Current account balance 2023 | -$3.766 billion (2023 est.) |
| Current account balance 2022 | -$4.064 billion (2022 est.) |
| Current account balance 2021 | -$3.605 billion (2021 est.) |
| Public debt | |
| Public debt 2023 | 53.1% of GDP (2023 est.) |
| Budget | |
| Revenues | $7.616 billion (2023 est.) |
| Expenditures | $10.043 billion (2023 est.) |
| Budget surplus (+) or deficit (-) | N/A |
| Remittances | |
| Remittances 2023 | 2.9% of GDP (2023 est.) |
| Remittances 2022 | 2.7% of GDP (2022 est.) |
| Remittances 2021 | 2.9% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.4% (2019 est.) |
| Highest 10% | 34.5% (2019 est.) |
| Average household expenditures | |
| On food | 38.6% of household expenditures (2023 est.) |
| On alcohol and tobacco | 1.5% of household expenditures (2023 est.) |
| Imports | |
| Imports 2023 | $13.853 billion (2023 est.) |
| Imports 2022 | $11.079 billion (2022 est.) |
| Imports 2021 | $10.62 billion (2021 est.) |
| Imports (partners) | China 19%, UAE 12%, Tanzania 11%, India 10%, Kenya 7% (2023) |
| Comodities Imports force | refined petroleum, gold, plastics, packaged medicine, palm oil (2023) |
| Exports | |
| Exports 2023 | $9.084 billion (2023 est.) |
| Exports 2022 | $6.116 billion (2022 est.) |
| Exports 2021 | $6.231 billion (2021 est.) |
| Exports (partners) | India 21%, UAE 16%, Hong Kong 10%, South Sudan 8%, Kenya 6% (2023) |
| Comodities Exports force | gold, coffee, fish, refined petroleum, tobacco (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $144.137 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $135.803 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $128.923 billion (2022 est.) |
| GDP (official exchange rate) | $53.652 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $2,900 (2024 est.) |
| Real GDP per capita 2023 | $2,800 (2023 est.) |
| Real GDP per capita 2022 | $2,700 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 24.7% (2024 est.) |
| Industry | 24.9% (2024 est.) |
| Services | 43.1% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 66.3% (2024 est.) |
| Government consumption | 10% (2024 est.) |
| Investment in fixed capital | 21.5% (2024 est.) |
| Investment in inventories | 0.8% (2024 est.) |
| Exports of goods and services | 16.9% (2024 est.) |
| Imports of goods and services | -24.6% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 3% (2024 est.) |
| Unemployment rate 2023 | 2.8% (2023 est.) |
| Unemployment rate 2022 | 2.9% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 4.5% (2024 est.) |
| Male | 3.5% (2024 est.) |
| Female | 5.5% (2024 est.) |
All Important Facts about Uganda
Want to know more about Uganda? Check all different factbooks for Uganda below.
