The economy of Uganda shrank 2.2% from a year earlier in the third quarter of 2020, following an upwardly revised 6.3% contraction in the previous period, amid the further easing of COVID-19 restrictions. The industrial sector grew 4.3%, reversing a 8.8% plunge in Q2, driven by mining & quarrying (55.1% vs -30.1%); manufacturing (3% vs -11.5%); electricity (3.5% vs -6.8%) and water supply (4.3% vs 3.9%). Meanwhile, the services sector fell 6.2%, after slumping 5.5% in Q2, dragged down by professional, scientific & technical activities (-63.2% vs -39.7%); arts, entertainment & recreation (-50.7% vs -40.6%); accommodation & food services (-24.2% vs -45.5%) and education (-20.4% vs -8.3%).The agricultural sector also went down slightly (-0.2% vs 2.5%), due to lower output of food crops (-0.1% vs 4.7%) and forestry (-7.7% vs -3.3%). source: Uganda Bureau of Statistics
GDP Annual Growth Rate in Uganda averaged 5.01 percent from 2009 until 2020, reaching an all time high of 11.70 percent in the second quarter of 2009 and a record low of -8.10 percent in the third quarter of 2014. This page provides the latest reported value for - Uganda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
GDP Annual Growth Rate in Uganda is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Uganda to stand at 5.40 in 12 months time. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 6.00 percent in 2022, according to our econometric models.