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Uganda Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Uganda Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 13,

Economy - overview:
Uganda has substantial natural resources, including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Uganda has never conducted a national minerals survey. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues. Since 1986, the government - with the support of foreign countries and international agencies - has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. Since 1990 economic reforms ushered in an era of solid economic growth based on continued investment in infrastructure, improved incentives for production and exports, lower inflation, better domestic security, and the return of exiled Indian-Ugandan entrepreneurs. Uganda has received about $2 billion in multilateral and bilateral debt relief. In 2007 Uganda received $10 million for a Millennium Challenge Account Threshold Program. The global economic downturn has hurt Uganda's exports; however, Uganda's GDP growth is still relatively strong due to past reforms and sound management of the downturn. Oil revenues and taxes will become a larger source of government funding as oil comes on line in the next few years. Rising food and fuel prices in 2011 led to protests. Instability in southern Sudan is a risk for the Ugandan economy in 2012 because Uganda's main export partner is Sudan, and Uganda is a key destination for Sudanese refugees.

GDP (purchasing power parity):
$45.9 billion (2011 est.)
country comparison to the world: 95

$43.15 billion (2010 est.)
$41 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$16 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.4% (2011 est.)
country comparison to the world: 37

5.2% (2010 est.)
7.2% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,300 (2011 est.)
country comparison to the world: 204

$1,300 (2010 est.)
$1,300 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 21.8%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 26.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 52.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
16.02 million (2011 est.)
country comparison to the world: 38
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 82%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 13% (1999 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
35% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 36.1% (2009)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
44.3 (2009)
country comparison to the world: 44

45.7 (2002)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
23.9% of GDP (2011 est.)
country comparison to the world: 71
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $2.393 billion
[see also: Budget revenues country ranks ]
expenditures: $3.364 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
15% of GDP (2011 est.)
country comparison to the world: 187
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.1% of GDP (2011 est.)
country comparison to the world: 169
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
25% of GDP (2011 est.)
country comparison to the world: 104

21.8% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
13.7% (2011 est.)
country comparison to the world: 203

4% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
14% (31 December 2010 est.)
country comparison to the world: 35

9.65% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
20.5% (31 December 2011 est.)
country comparison to the world: 19

20.17% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.124 billion (31 December 2011 est.)
country comparison to the world: 123

$2.041 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$4.356 billion (31 December 2011 est.)
country comparison to the world: 130

$4.199 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.449 billion (31 December 2011 est.)
country comparison to the world: 130

$2.496 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA (31 December 2010)
country comparison to the world: 117

$116.3 million (#REF!)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry

Industries:
sugar, brewing, tobacco, cotton textiles; cement, steel production

Industrial production growth rate:
6% (2011 est.)
country comparison to the world: 54
[see also: Industrial production growth rate country ranks ]

Electricity - production:
2.176 billion kWh (2008 est.)
country comparison to the world: 133
[see also: Electricity - production country ranks ]

Electricity - consumption:
1.958 billion kWh (2008 est.)
country comparison to the world: 136
[see also: Electricity - consumption country ranks ]

Electricity - exports:
82.04 million kWh (2009)
[see also: Electricity - exports country ranks ]

Electricity - imports:
82.04 million kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 138
[see also: Oil - production country ranks ]

Oil - consumption:
14,000 bbl/day (2010 est.)
country comparison to the world: 143
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 137
[see also: Oil - exports country ranks ]

Oil - imports:
13,770 bbl/day (2009 est.)
country comparison to the world: 134
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 135
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 136
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 196
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 138
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
14.16 billion cu m (1 January 2011 est.)
country comparison to the world: 79
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.456 billion (2011 est.)
country comparison to the world: 149

-$1.74 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$2.582 billion (2011 est.)
country comparison to the world: 132

$2.164 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold

Exports - partners:
Sudan 15.3%, Kenya 10.2%, Rwanda 8.5%, Democratic Republic of the Congo 7.8%, UAE 7.7%, Netherlands 6.4%, Germany 5.4%, Belgium 4.1% (2010)

Imports:
$4.771 billion (2011 est.)
country comparison to the world: 126

$4.264 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
capital equipment, vehicles, petroleum, medical supplies; cereals

Imports - partners:
Kenya 17.1%, UAE 14.1%, China 8.5%, India 8.2%, South Africa 6.2%, Japan 5.9%, Germany 4.3% (2010)

Reserves of foreign exchange and gold:
$3.108 billion (31 December 2011 est.)
country comparison to the world: 104

$2.96 billion (31 December 2010 est.)
note: excludes gold
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$3.535 billion (31 December 2011 est.)
country comparison to the world: 129

$2.938 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Ugandan shillings (UGX) per US dollar -

2,567.1 (2011 est.)
2,178 (2010 est.)
2,030 (2009)
1,658.1 (2008)
1,685.8 (2007)


NOTE: 1) The information regarding Uganda on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Uganda Economy 2012 information contained here. All suggestions for corrections of any errors about Uganda Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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