Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3712.56 3720 3731 3742 3753 3775
Stock Market (points) 1320.37 1307 1279 1252 1225 1172

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 2.7 3 3.3 3.6 3.6
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Inflation Rate (%) 4.10 4.6 3.8 3.3 3.5 4
Interest Rate (%) 7.00 6 6 5 5 6
Balance of Trade (USD Million) -188.80 -470 -360 -350 -370 -415
Current Account (USD Million) -380.90 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -4.70 -7.5 -7.5 -9 -9 -9
Business Confidence (points) 43.06 52 54.3 55.6 57 57.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 2.7 3 3.3 3.6 3.6
GDP (USD Billion) 34.39 30 30 32.5 32.5 32.5
Gross Fixed Capital Formation (UGX Billion) 31617.40 32044 32566 32661 32756 33738
GDP per capita (USD) 956.90 880 880 945 945 945
GDP per capita PPP (USD) 1807.37 1859 1859 1859 1859 1895
GDP Constant Prices (UGX Billion) 29343.38 35209 33181 30948 31038 34376
GDP From Agriculture (UGX Billion) 6619.97 6974 6769 6789 6809 7013
GDP From Construction (UGX Billion) 1992.30 2776 2234 2241 2247 2315
GDP From Manufacturing (UGX Billion) 4478.49 398 5455 5471 5487 5651
GDP From Mining (UGX Billion) 516.08 4808 486 487 488 503
GDP From Public Administration (UGX Billion) 852.64 740 838 841 843 868
GDP From Services (UGX Billion) 12646.74 13462 14480 14522 14564 15001

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Population (Million) 43.80 44.6 45.84 45.8 45.8 47.4

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.10 4.6 3.8 3.3 3.5 4
Consumer Price Index CPI (points) 184.60 187 187 187 191 195
Food Inflation (%) 2.60 2.7 3 2.7 2.6 2.5
Inflation Rate Mom (%) 1.00 0.8 0.4 0.3 0.6 0.5
Producer Prices (points) 188.60 180 183 191 191 187
Producer Prices Change (%) 4.30 1.3 1.3 1.3 1.3 2.1
Core Consumer Prices (points) 178.09 180 181 182 184 187
Core Inflation Rate (%) 3.20 3 3 2.8 3.1 3.2

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 6 6 5 5 6
Foreign Exchange Reserves (USD Million) 3163.56 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 9.84 8.84 8.84 8.84 7.84 8.84

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -188.80 -470 -360 -350 -370 -415
Current Account (USD Million) -380.90 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Imports (USD Million) 479.70 520 600 650 700 700
Exports (USD Million) 290.93 265 290 300 330 330
Tourist Arrivals (Thousand) 1800.00 1000 1000 1250 1250 1250

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -4.70 -7.5 -7.5 -9 -9 -9
Military Expenditure (USD Million) 406.00 475 475 475 475 500
Government Spending (UGX billion) 9660.10 9791 9950 9979 10008 10308

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 15.00 15 15 15 15 15
Social Security Rate For Companies (%) 10.00 10 10 10 10 10
Social Security Rate For Employees (%) 5.00 5 5 5 5 5

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 43.06 52 54.3 55.6 57 57.5
Leading Economic Index (%) 0.51 1.6 1.6 1.6 1.6 1.8
Composite Pmi (points) 46.50 53 55 54 56 55

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (UGX Billion) 81538.20 82639 83984 84229 84474 87008
Consumer Credit (SHS Million) 2718636.08 2612131 2767594 2861314 2816507 2867227


This page has economic forecasts for Uganda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uganda economy.