Uganda's economy advanced by 6.2 percent year-on-year in the first quarter of 2021, following a downwardly revised 0.7 percent rise in the previous three-month period. It was the strongest expansion since the last quarter of 2019, boosted by the industrial sector (11.6 percent vs 2.1 percent in Q4), primarily construction (14.2 percent) and services (6.6 percent vs 1.1 percent), of which information & communication (37.1 percent) and public administration (36.8 percent). Conversely, agricultural activity contracted further (-2.8 percent vs -1.7 percent), on account of cash crops (-7.2 percent) and food crops (-13.3 percent) amid a severe drought. On a seasonally adjusted quarterly basis, the GDP fell 0.2 percent after a downwardly revised 2.9 percent rise in the previous period. source: Uganda Bureau of Statistics
GDP Annual Growth Rate in Uganda averaged 5 percent from 2009 until 2021, 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 September of 2021.
GDP Annual Growth Rate in Uganda is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 6.20 percent in 2023, according to our econometric models.