On a quarterly basis, the GDP grew 1.3% compared to 0.3% in the previous quarter. GDP Growth Rate YoY The economy of Uganda advanced by 5.6% from a year earlier in Q4 2019, accelerating from an upwardly revised 4.5 percent growth in the previous period.

Exports, tourism, remittances, foreign direct investment and portfolio flows shrunk during the second half of FY20 due to international trade disruptions and restrictions of movement of people. Agriculture, forestry & fishing account for 27 percent and the industrial sector represents around 22 percent of the GDP, mostly due to manufacturing (9 percent) and construction (8 percent). The services sector is the most important sector of Uganda's economy and accounts for around 51 percent of total GDP. On a quarterly basis, the GDP rose by 0.3%, after increasing 1.1% in the third quarter.

Uganda’s Green Growth Development Strategy.

Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The economy of Uganda has great potential and appeared poised for rapid economic growth and development. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. GDP Annual Growth Rate in Uganda averaged 5.37 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 … Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits. It was the fastest expansion since the first quarter of 2019, boosted by services (6.6% vs 3.6% in Q3), especially trade & repairs (11.8% vs 0.9%); public administration (11.1% vs 8.7%); professional, scientific & technical services (26.3% vs 3%); transportation & storage (6.7% vs 5.9%) and accommodation & food service (6.6% vs 4.1%). The Trading Economics Application Programming Interface (API) provides direct access to our data. Aggregates are based on constant 2010 U.S. dollars. Also, industrial activity lost some steam (6.4% vs 7.1%), hampered by mining (-17.6% vs -20.3%). On the other hand, growth slowed in the agricultural sector (1.3% vs 2%), amid declines in cash crops (-11.5% vs -4%) and fishing (-5.8% vs 12%). GDP Growth Rate YoY GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Also, output advanced at a slower pace in manufacturing (9.6% vs 11.8%); electricity supply (5.4% vs 6.4%) and water supply (4.2% vs 4.7%). The sector remains vibrant with an average annual growth rate of 20% since 2014. GDP Growth Rate YoY GDP Growth Rate YoY Reference TEForecast Please check your download folder. Uganda gdp growth rate for 2018 was 6.16%, a 2.26% increase from 2017.

10Y.

Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Meanwhile, construction activity slowed markedly (0.6% vs 5.4%). In the long-term, the Uganda GDP is projected to trend around 32.50 USD Billion in 2021 and 34.00 USD Billion in 2022, according to our econometric models. Also, the industrial sector gained steam (5.3% vs 4.5%), namely mining & quarrying (18.7% vs 7.4%); manufacturing (5.6% vs 1.9%); electricity supply (10.7% vs 9%) and water supply (6.3% vs 6.2%). Uganda’s Gross Domestic Product (gdp) ... Public and private investments are expected to drive up much of the growth, according to the 13th Edition of the Uganda Economic Update. It was the slowest expansion since Q4 2016, as services rose much less (1.3% vs 3.4% in Q2), amid contractions in trade & repairs (-6.6% vs -3.9%); transportation & storage (-4.9% vs 0.5%); accommodation & food services (-2.1% vs 4.9%); information & communication (-4% vs -4.4%); finance & insurance (-3% vs 8%) and real estate (-1.7% vs 5.5%). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. However, trade & repairs (5.7% vs 4.3%) and food & accommodation (14.8% vs 13%) posted stronger gains. The services sector grew 2.5%, much slower than 9.2% in Q4, mainly due to weaker performance in professional, scientific & technical activities (-30.8% vs 42.2%); trade & repairs (-3.7% vs 0.7%); transportation & storage (-2.4% vs 0.4%); accommodation & food service (2.2% vs 15.3%) and arts & recreation (0.7% vs 26.5%). The economy of Uganda advanced by 1.8% from a year ago in Q1 of 2020, decelerating sharply from an upwardly revised 6.7% growth in the prior period.

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