The economy of Uganda advanced by 5.2% year-on-year in the fourth quarter of 2021, accelerating from a 3.8% rise in the previous three-month period. It was the fourth consecutive quarter of growth, after a pandemic-induced recession, driven by the services sector (8.9%), primarily accommodation & food services (27.4%) and professional, scientific & technical services (36.9%). Industry (6.8%) also expanded solidly. Meanwhile, the agricultural sector shrank 1%, led by a 7.8% decline in food crops growing activities. source: Uganda Bureau of Statistics
GDP Annual Growth Rate in Uganda averaged 4.97 percent from 2009 until 2021, reaching an all time high of 12.90 percent in the second quarter of 2021 and a record low of -8.10 percent in the third quarter of 2014. This page provides the latest reported value for - Uganda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Uganda is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 6.00 percent in 2023 and 5.70 percent in 2024, according to our econometric models.