Markets Actual Q2 Q3 Q4 Q1 2023
Currency 3705.00 3657 3668 3680 3692 3716
Stock Market (points) 1205.50 1156 1096 1039 986 886

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.90 1.5 2.1 1.6 1.6 1.3
GDP Annual Growth Rate (%) 5.20 4.5 5 5.5 6 6
Unemployment Rate (%) 2.44 2.3 2.3 2.3 2.3 2
Inflation Rate (%) 4.90 6 5.3 5.2 4.8 4
Interest Rate (%) 6.50 7 7 7 7 7
Balance of Trade (USD Million) -405.40 -420 -380 -390 -320 -380
Current Account (USD Million) -845.30 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -6.60 -8.4 -8.4 -8.4 -8.4 -8.4
Business Confidence (points) 56.44 52.7 53 54 52.8 55
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.90 1.5 2.1 1.6 1.6 1.3
GDP Annual Growth Rate (%) 5.20 4.5 5 5.5 6 6
GDP (USD Billion) 37.37 32.5 32.5 34 34 34
Gross Fixed Capital Formation (UGX Billion) 33491.00 34998 35166 35333 35500 37453
GDP per capita (USD) 894.35 910 910 910 910 930
GDP per capita PPP (USD) 2177.60 2050 2050 2160 2160 2160
GDP Constant Prices (UGX Billion) 34124.15 34083 37779 36001 36172 38161
GDP From Agriculture (UGX Billion) 7357.49 7356 11054 7762 7799 8228
GDP From Construction (UGX Billion) 2190.60 2345 2370 2311 2322 2450
GDP From Manufacturing (UGX Billion) 4713.12 5009 4739 4972 4996 5271
GDP From Mining (UGX Billion) 1130.25 412 348 1192 1198 1264
GDP From Public Administration (UGX Billion) 1113.40 961 1168 1175 1180 1245
GDP From Services (UGX Billion) 15293.15 15173 15926 16134 16211 17102

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 2.44 2.3 2.3 2.3 2.3 2
Population (Million) 45.74 47.4 47.4 48.96 48.96 48.96

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 4.90 6 5.3 5.2 4.8 4
Consumer Price Index CPI (points) 118.00 120 120 121 122 125
Food Inflation (%) 4.40 4.7 4.5 3.7 3.5 3
Inflation Rate Mom (%) 1.00 0.6 0.4 0.2 0.3 0.3
Producer Prices (points) 230.20 231 234 236 250 253
Producer Prices Change (%) 12.80 16 13 10 8.5 7
Core Consumer Prices (points) 116.52 119 120 122 122 126
Core Inflation Rate (%) 3.60 4 4.4 4.7 4.5 4

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 6.50 7 7 7 7 7
Foreign Exchange Reserves (USD Million) 4463.61 4300 4300 4250 4400 4400
Deposit Interest Rate (%) 8.56 9.06 9.06 9.06 9.06 9.06

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Million) -405.40 -420 -380 -390 -320 -380
Current Account (USD Million) -845.30 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Imports (USD Million) 774.80 750 730 750 680 730
Exports (USD Million) 369.39 330 350 360 360 350
Tourist Arrivals (Thousand) 473.00 1250 1250 1400 1400 1400

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -6.60 -8.4 -8.4 -8.4 -8.4 -8.4
Military Expenditure (USD Million) 948.00 500 500 500 500 500
Government Spending (UGX billion) 14745.00 15409 15482 15556 15630 16489

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 56.44 52.7 53 54 52.8 55
Leading Economic Index (%) -0.10 -1 0.3 -0.2 0.7 1.3
Composite PMI (points) 53.90 55.2 56 54 55 56

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Spending (UGX Billion) 120447.00 125867 126469 127072 127674 134696
Consumer Credit (UGX Million) 3677071.16 3287080 3354321 3689049 3897695 3910392


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Uganda Forecast - was last updated on Friday, May 27, 2022.