Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3665.00 3676 3686 3697 3708 3730
Stock Market (points) 1200.36 1279 1252 1225 1199 1147

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 1.8 3.2 4 4.5 5.4
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Inflation Rate (%) 4.70 4.6 3.8 3.3 3.5 4
Interest Rate (%) 7.00 6 6 5 5 6
Balance of Trade (USD Million) -304.40 -470 -360 -350 -370 -415
Current Account (USD Million) -706.10 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -5.00 -7.5 -7.5 -6 -6 -6
Business Confidence (points) 46.03 52 54.3 55.6 57 57.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 1.8 3.2 4 4.5 5.4
GDP (USD Billion) 34.39 30 30 32.5 32.5 32.5
Gross Fixed Capital Formation (UGX Billion) 31617.40 31902 32629 32882 33040 34391
GDP per capita (USD) 956.90 860 860 935 935 935
GDP per capita PPP (USD) 2181.20 1860 1860 2050 2050 2050
GDP Constant Prices (UGX Billion) 29343.38 35053 33246 31157 30664 35041
GDP From Agriculture (UGX Billion) 6619.97 6943 6783 6256 6918 7149
GDP From Construction (UGX Billion) 1992.30 2764 2239 2102 2082 2360
GDP From Manufacturing (UGX Billion) 4478.49 396 5466 4872 4680 5761
GDP From Mining (UGX Billion) 516.08 4786 487 559 539 513
GDP From Public Administration (UGX Billion) 852.64 736 840 885 891 885
GDP From Services (UGX Billion) 12646.74 13402 14508 14048 13216 15291

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Population (Million) 43.80 44.6 45.84 45.8 45.8 47.4

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.70 4.6 3.8 3.3 3.5 4
Consumer Price Index CPI (points) 184.90 187 187 187 191 195
Food Inflation (%) 1.90 2.7 3 2.7 2.6 2.5
Inflation Rate Mom (%) 1.20 0.8 0.4 0.3 0.6 0.5
Producer Prices (points) 188.60 180 183 191 191 187
Producer Prices Change (%) 4.30 1.3 1.3 1.3 1.3 2.1
Core Consumer Prices (points) 181.82 181 181 182 187 187
Core Inflation Rate (%) 5.80 3.6 3 2.8 3.1 3.2

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 6 6 5 5 6
Foreign Exchange Reserves (USD Million) 3919.81 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 9.43 8.84 8.84 8.84 7.84 8.84

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -304.40 -470 -360 -350 -370 -415
Current Account (USD Million) -706.10 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Imports (USD Million) 641.50 520 600 650 700 700
Exports (USD Million) 337.19 265 290 300 330 330
Tourist Arrivals (Thousand) 1800.00 1000 1000 1250 1250 1250

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -5.00 -7.5 -7.5 -6 -6 -6
Military Expenditure (USD Million) 406.00 475 475 475 475 500
Government Spending (UGX billion) 9660.10 9747 9969 10047 10095 10508

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 46.03 52 54.3 55.6 57 57.5
Leading Economic Index (%) 5.65 1.6 1.6 1.6 1.6 1.8
Composite Pmi (points) 50.30 53 55 54 56 55

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (UGX Billion) 81538.20 82272 84147 84800 85207 88691
Consumer Credit (SHS Million) 2661626.41 2600533 2772968 2880704 2781400 2922708


This page has economic forecasts for Uganda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uganda economy.