Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3675.00 3685 3696 3706 3716 3737
Stock Market (points) 1818.39 1798 1778 1758 1738 1699
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.70 1.7 2 0.8 1.6 1.8
GDP Annual Growth Rate (%) 2.70 4.7 5 5.3 5.6 6
Unemployment Rate (%) 2.10 2.1 2.2 2.2 2.2 2.3
Inflation Rate (%) 3.60 3.4 3.7 3.8 4 5
Interest Rate (%) 9.00 9 9 8.5 8.5 8.75
Balance of Trade (USD Million) -295.20 -360 -520 -325 -360 -415
Current Account (USD Million) -776.20 -900 -750 -1100 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5.3 -5.3 -5
Government Debt to GDP (%) 40.00 43 43 43 43 45
Government Budget (% of GDP) -4.70 -4.5 -4.5 -4.5 -4.5 -4.3
Business Confidence (points) 56.30 56.7 56.6 57.1 57.4 57.4
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.70 1.7 2 0.8 1.6 1.8
GDP Annual Growth Rate (%) 2.70 4.7 5 5.3 5.6 6
GDP (USD Billion) 27.48 30 30 30 30 32
Gross Fixed Capital Formation (UGX Billion) 31617.40 32360 32408 32455 33388 35391
GDP per capita (USD) 709.70 750 750 750 750 765
GDP per capita PPP (USD) 1807.37 1789 1727 1727 1745 1745
GDP Constant Prices (UGX Billion) 33583.00 29836 31150 34473 35464 37591
GDP From Agriculture (UGX Billion) 3413.85 3448 3499 3504 3605 3821
GDP From Construction (UGX Billion) 1042.92 1081 1069 1071 1101 1167
GDP From Manufacturing (UGX Billion) 1199.01 1185 1229 1231 1266 1342
GDP From Mining (UGX Billion) 249.63 267 256 256 264 279
GDP From Public Administration (UGX Billion) 568.97 562 583 584 601 637
GDP From Services (UGX Billion) 8820.90 8960 9041 9055 9315 9874
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.10 2.1 2.2 2.2 2.2 2.3
Population (Million) 42.72 44.6 44.6 44.6 45.84 47.4
Wages High Skilled (UGX/Month) 1216600.00 1817300 1817300 1817300 1859522 1957168
Wages Low Skilled (UGX/Month) 412400.00 440000 440000 440000 445000 452000
Living Wage Family (UGX/Month) 1368500.00 1368500 1368500 1368500 1508900 1608900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.60 3.4 3.7 3.8 4 5
Consumer Price Index CPI (points) 180.20 181 184 185 187 196
Food Inflation (%) 2.50 1.3 1.4 1.6 1.6 2
Producer Prices (points) 179.00 176 180 180 181 185
Producer Prices Change (%) 0.10 -1.6 1.4 1.3 1.3 2.1
Core Consumer Prices (points) 175.50 177 179 180 180 187
Core Inflation Rate (%) 3.00 2.6 3.2 3.4 3.4 4
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.00 9 9 8.5 8.5 8.75
Foreign Exchange Reserves (USD Million) 3153.37 3240 3260 3300 3300 3251
Deposit Interest Rate (%) 10.26 10.26 10.26 10.26 9.76 9.76
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -295.20 -360 -520 -325 -360 -415
Current Account (USD Million) -776.20 -900 -750 -1100 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5.3 -5.3 -5
Imports (USD Million) 622.51 960 870 640 890 950
Exports (USD Million) 327.30 750 350 315 335 400
Tourist Arrivals (Thousand) 1800.00 2150 2150 2150 2150 2300
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 40.00 43 43 43 43 45
Government Budget (% of GDP) -4.70 -4.5 -4.5 -4.5 -4.5 -4.3
Government Spending (UGX billion) 9660.10 9887 9902 9916 10201 10813
Military Expenditure (USD Million) 406.00 475 475 475 475 500
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 56.30 56.7 56.6 57.1 57.4 57.4
Leading Economic Index (%) 0.53 1.2 1.3 1.6 1.6 1.8
Composite Pmi (points) 57.70 56.2 54.8 55 56 56
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (UGX Billion) 81538.20 83454 83577 83699 86104 91271
Consumer Credit (SHS Million) 2678889.42 2520612 2580989 2645636 2828907 2998642


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.