Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3665.16 3689 3699 3710 3721 3743
Stock Market (points) 1292.98 1274 1247 1221 1195 1143

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -4.30 4 2.8 2.3 2 1.7
GDP Annual Growth Rate (%) -2.20 3 4.5 5 5.4 6
Unemployment Rate (%) 1.80 2.5 2.5 2.5 2.5 2.5
Inflation Rate (%) 3.60 3.7 3.5 3 3 4
Interest Rate (%) 7.00 5 5 5 5 6.5
Balance of Trade (USD Million) -427.80 -360 -350 -370 -415 -415
Current Account (USD Million) -910.50 -1200 -1200 -1200 -1300 -1300
Current Account to GDP (%) -6.40 -5 -5 -5 -5 -4.8
Government Debt to GDP (%) 38.20 50.9 50.9 50.9 50.9 54
Government Budget (% of GDP) -5.00 -7 -7 -7 -7 -5
Business Confidence (points) 50.00 53 54 56 54 58
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 40 30 30 40 40

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -4.30 4 2.8 2.3 2 1.7
GDP Annual Growth Rate (%) -2.20 3 4.5 5 5.4 6
GDP (USD Billion) 34.39 32.5 32.5 32.5 32.5 34
Gross Fixed Capital Formation (UGX Billion) 31617.40 32566 33040 33198 33325 35324
GDP per capita (USD) 956.90 935 935 935 935 970
GDP per capita PPP (USD) 2181.20 2050 2050 2050 2050 2160
GDP Constant Prices (UGX Billion) 34531.71 30589 30051 36258 36396 38580
GDP From Agriculture (UGX Billion) 9715.32 5903 7174 10201 10240 10854
GDP From Construction (UGX Billion) 1683.94 2045 2047 2057 2064 2188
GDP From Manufacturing (UGX Billion) 5190.55 4948 4358 5450 5471 5799
GDP From Mining (UGX Billion) 992.58 632 414 1042 1046 1109
GDP From Public Administration (UGX Billion) 892.03 895 945 937 940 997
GDP From Services (UGX Billion) 13732.93 13963 13177 14420 14475 15343

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 1.80 2.5 2.5 2.5 2.5 2.5
Population (Million) 43.80 45.8 45.8 45.8 47.4 48.96

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 3.60 3.7 3.5 3 3 4
Consumer Price Index CPI (points) 186.60 187 191 192 192 200
Food Inflation (%) -1.00 1.5 1.3 1.4 1.4 2.4
Inflation Rate Mom (%) 0.30 0.3 0.6 0.6 0.5 0.7
Producer Prices (points) 182.40 183 190 197 187 187
Producer Prices Change (%) 2.70 4.5 4 3.5 3.5 3.5
Core Consumer Prices (points) 185.78 191 185 185 201 201
Core Inflation Rate (%) 5.90 5 4.7 4.5 4 3.6

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 7.00 5 5 5 5 6.5
Foreign Exchange Reserves (USD Million) 3696.99 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 10.27 10.09 9.09 9.09 9.09 9.09

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -427.80 -360 -350 -370 -415 -415
Current Account (USD Million) -910.50 -1200 -1200 -1200 -1300 -1300
Current Account to GDP (%) -6.40 -5 -5 -5 -5 -4.8
Imports (USD Million) 810.90 650 700 680 700 750
Exports (USD Million) 383.05 300 330 328 330 360
Tourist Arrivals (Thousand) 1800.00 1250 1250 1250 1250 1400

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 38.20 50.9 50.9 50.9 50.9 54
Government Budget (% of GDP) -5.00 -7 -7 -7 -7 -5
Military Expenditure (USD Million) 406.00 475 475 475 500 500
Government Spending (UGX billion) 9660.10 9950 10095 10143 10182 10793

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 40 30 30 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 2022
Business Confidence (points) 50.00 53 54 56 54 58
Leading Economic Index (%) 1.02 1.6 1.6 1.6 1.8 1.8
Composite PMI (points) 51.20 54.6 56 57 55 57

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (UGX Billion) 81538.20 83984 85207 85615 85941 91098
Consumer Credit (SHS Million) 2866798.13 2853176 2781400 2924100 2969111 3147258


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.