The Gross Domestic Product (GDP) in Uganda contracted 4.30 percent in the second quarter of 2020 over the previous quarter. source: Uganda Bureau of Statistics

GDP Growth Rate in Uganda averaged 1.38 percent from 2008 until 2020, reaching an all time high of 8.10 percent in the third quarter of 2014 and a record low of -5.90 percent in the first quarter of 2020. This page provides the latest reported value for - Uganda GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda GDP Growth Rate - values, historical data and charts - was last updated on November of 2020.

GDP Growth Rate in Uganda is expected to be -3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Uganda to stand at 2.30 in 12 months time. In the long-term, the Uganda GDP Growth Rate is projected to trend around 2.00 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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Uganda GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -5.90 8.10 -5.90 2008 - 2020 percent Quarterly
2016/2017=100, SA

Uganda GDP Last Previous Highest Lowest Unit
GDP Growth Rate -4.30 -5.90 8.10 -5.90 percent [+]
GDP Annual Growth Rate -6.00 1.00 11.70 -8.10 percent [+]
GDP 34.39 32.77 34.39 0.42 USD Billion [+]
Gross Fixed Capital Formation 31617.40 28381.10 31617.40 1160.00 UGX Billion [+]
GDP per capita 956.90 931.00 956.90 359.50 USD [+]
GDP per capita PPP 2181.20 2122.10 2181.20 907.00 USD [+]
GDP Constant Prices 28721.74 29900.97 35220.59 8348.49 UGX Billion [+]
GDP From Agriculture 6811.69 5649.74 9815.33 1994.51 UGX Billion [+]
GDP From Construction 1958.60 1985.80 1985.80 445.80 UGX Billion [+]
GDP From Manufacturing 4173.45 4786.67 5238.72 787.93 UGX Billion [+]
GDP From Mining 376.97 607.95 701.34 98.26 UGX Billion [+]
GDP From Public Administration 901.22 870.45 901.22 237.14 UGX Billion [+]
GDP From Services 12609.58 13556.22 14655.30 4081.96 UGX Billion [+]


Uganda GDP Growth Rate
The services sector is the most important sector of Uganda's economy and accounts for around 51 percent of total GDP. The biggest segments within services are trade & repairs (13 percent); education (8 percent); real estate (5 percent); and finance and insurance (4 percent). 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).