Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3615.00 3636 3646 3657 3667 3689
Stock Market (points) 1381.26 1352 1323 1295 1267 1212

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -4.30 2.8 2.3 2 2 1.7
GDP Annual Growth Rate (%) 1.60 4.5 4 5 5.3 5.3
Unemployment Rate (%) 1.80 2.5 2.5 2.5 2.3 2.3
Inflation Rate (%) 4.10 3.5 3 3 3.6 4
Interest Rate (%) 7.00 5 5 5 5 6.5
Balance of Trade (USD Million) -323.40 -360 -350 -415 -415 -415
Current Account (USD Million) -910.50 -1200 -1200 -1300 -1300 -1300
Current Account to GDP (%) -6.40 -5 -5 -5 -5 -4.8
Government Debt to GDP (%) 38.20 50.9 50.9 50.9 50.9 54
Government Budget (% of GDP) -5.20 -7 -7 -7 -7 -5
Business Confidence (points) 52.04 51 53 54 51.6 56
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 30 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -4.30 2.8 2.3 2 2 1.7
GDP Annual Growth Rate (%) 1.60 4.5 4 5 5.3 5.3
GDP (USD Billion) 34.39 32.5 32.5 32.5 32.5 34
Gross Fixed Capital Formation (UGX Billion) 31031.10 32566 33040 28630 33198 34958
GDP per capita (USD) 956.90 935 935 935 935 970
GDP per capita PPP (USD) 2181.20 2050 2050 2050 2050 2160
GDP Constant Prices (UGX Billion) 33204.55 30589 30051 19380 36258 38180
GDP From Agriculture (UGX Billion) 7218.88 5903 7174 5041 10201 10742
GDP From Construction (UGX Billion) 2172.74 2045 2047 1240 1768 1862
GDP From Manufacturing (UGX Billion) 5430.60 4948 4358 1419 5450 5739
GDP From Mining (UGX Billion) 786.92 632 414 331 1042 1097
GDP From Public Administration (UGX Billion) 1123.83 895 945 673 937 986
GDP From Services (UGX Billion) 14051.16 13963 13177 10570 14420 15184

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 1.80 2.5 2.5 2.5 2.3 2.3
Population (Million) 45.74 45.8 45.8 47.4 47.4 48.96

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 4.10 3.5 3 3 3.6 4
Consumer Price Index CPI (points) 188.10 187 191 204 192 200
Food Inflation (%) 1.10 0.8 1.4 1.8 2 2.4
Inflation Rate Mom (%) 0.30 0.6 0.6 0.5 0.5 0.7
Producer Prices (points) 190.10 183 190 187 187 187
Producer Prices Change (%) 4.30 4 3.5 3.5 3.5 3.5
Core Consumer Prices (points) 185.91 191 185 201 201 201
Core Inflation Rate (%) 5.30 4.7 4.5 4 4 3.6

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 7.00 5 5 5 5 6.5
Foreign Exchange Reserves (USD Million) 3567.27 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 9.89 7.89 7.89 7.89 7.89 7.89

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -323.40 -360 -350 -415 -415 -415
Current Account (USD Million) -910.50 -1200 -1200 -1300 -1300 -1300
Current Account to GDP (%) -6.40 -5 -5 -5 -5 -4.8
Imports (USD Million) 709.09 700 680 700 700 750
Exports (USD Million) 410.40 330 328 330 330 360
Tourist Arrivals (Thousand) 1800.00 1250 1250 1250 1250 1400

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 38.20 50.9 50.9 50.9 50.9 54
Government Budget (% of GDP) -5.20 -7 -7 -7 -7 -5
Military Expenditure (USD Million) 622.00 475 475 500 500 500
Government Spending (UGX billion) 12113.80 9950 10095 4865 10143 10681

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 30 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 52.04 51 53 54 51.6 56
Leading Economic Index (%) 1.02 1.6 1.6 1.8 1.8 1.8
Composite PMI (points) 53.20 51.3 52 54 52.8 55

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (UGX Billion) 86524.70 83984 85207 50348 85615 90153
Consumer Credit (SHS Million) 2934742.86 2853176 2781400 2932750 3058283 3220372


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.