Markets Actual Q4 Q1 Q2 Q3 2022
Currency 3550.00 3578 3588 3599 3609 3630
Stock Market (points) 1466.94 1450 1412 1375 1339 1270

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.20 2 1.3 1.5 2.1 1.6
GDP Annual Growth Rate (%) 13.70 5 3 4.3 4 3.8
Unemployment Rate (%) 2.44 2.5 2.3 2.3 2.3 2.3
Inflation Rate (%) 2.20 2.3 2.1 1.8 2.2 2.2
Interest Rate (%) 6.50 6.5 6 6 5.5 5.5
Balance of Trade (USD Million) -367.30 -370 -370 -370 -370 -390
Current Account (USD Million) -1279.90 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -8 -7 -7 -7 -7
Government Debt to GDP (% of GDP) 49.80 50.9 51.3 51.3 51.3 51.3
Government Budget (% of GDP) -6.60 -9 -8.4 -8.4 -8.4 -8.4
Business Confidence (points) 49.36 52.5 52 52.7 53 53
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.20 2 1.3 1.5 2.1 1.6
GDP Annual Growth Rate (%) 13.70 5 3 4.3 4 3.8
GDP (USD Billion) 37.37 32.5 32.5 32.5 32.5 34
Gross Fixed Capital Formation (UGX Billion) 33491.00 35166 34496 34931 34831 36502
GDP per capita (USD) 958.19 935 935 935 935 970
GDP per capita PPP (USD) 2177.60 2050 2050 2050 2050 2160
GDP Constant Prices (UGX Billion) 32669.73 33989 31823 34075 33977 35281
GDP From Agriculture (UGX Billion) 6974.10 7809 6019 7274 7253 8106
GDP From Construction (UGX Billion) 2247.04 2168 2184 2344 2337 2250
GDP From Manufacturing (UGX Billion) 4800.67 5272 5035 5007 4993 5473
GDP From Mining (UGX Billion) 394.09 477 402 411 410 495
GDP From Public Administration (UGX Billion) 1030.42 1028 1085 1075 1072 1067
GDP From Services (UGX Billion) 14688.57 14686 14808 15320 15276 15244

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 2.44 2.5 2.3 2.3 2.3 2.3
Population (Million) 45.74 47.4 47.4 47.4 47.4 48.96

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.20 2.3 2.1 1.8 2.2 2.2
Consumer Price Index CPI (points) 113.70 114 115 115 116 116
Food Inflation (%) 2.90 1.8 2 2 1.4 1.4
Inflation Rate Mom (%) 0.60 0.6 -0.1 0.3 0.5 0.5
Producer Prices (points) 203.90 208 225 216 220 226
Producer Prices Change (%) 12.60 12 10 8.5 8 8.5
Core Consumer Prices (points) 114.85 117 117 118 119 122
Core Inflation Rate (%) 2.20 4 3.6 3.4 3.8 3.8

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 6.50 6.5 6 6 5.5 5.5
Foreign Exchange Reserves (USD Million) 4018.09 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 8.65 8.65 8.15 8.15 7.65 7.65

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -367.30 -370 -370 -370 -370 -390
Current Account (USD Million) -1279.90 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -8 -7 -7 -7 -7
Imports (USD Million) 660.00 700 700 700 700 750
Exports (USD Million) 292.67 330 330 330 330 360
Tourist Arrivals (Thousand) 473.00 1250 1250 1250 1250 1400

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 49.80 50.9 51.3 51.3 51.3 51.3
Government Budget (% of GDP) -6.60 -9 -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 15482 15187 15379 15335 16071

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 49.36 52.5 52 52.7 53 53
Leading Economic Index (%) 0.00 1.4 1.2 0.7 0.7 2
Composite PMI (points) 52.50 53 53.8 54 55 55

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (UGX Billion) 120447.00 126469 124060 125626 125265 131275
Consumer Credit (SHS Million) 3169086.31 3068517 3107183 3280789 3295850 3185121


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 Thursday, October 28, 2021.