Uganda's economy advanced by 13.7% year-on-year in the second quarter of 2021, following a downwardly revised 3% rise in the previous three-month period. It was the strongest expansion on record, amid a favourable low base effect from the previous year and amid a nascent economic recovery. Growth was mainly supported by the industrial sector, which jumped 17.7%, much faster than 2.8% in the prior period, amid strong performance in economic activities such as mining (48.8%), manufacturing (18%) and construction (16.3%). In addition, services activity gained stream (14.6% vs 5.5% in Q1), boosted by hotels & restaurants (82.8% vs 2.7% in Q1) as a result of opening up of activities in the tourism sector; information & communication (39.1% vs 16.5%); professional, scientific and technical (33.6% vs 60.1%) and financial & insurance (21.7% vs 10.1%). At the same time, the agricultural activity rebounded slightly (0.7% vs -0.2%). source: Uganda Bureau of Statistics

GDP Annual Growth Rate in Uganda averaged 5.16 percent from 2009 until 2021, reaching an all time high of 13.70 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 October of 2021.

GDP Annual Growth Rate in Uganda is expected to be 5.00 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 3.80 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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Uganda GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-01-06 11:30 AM Q3 -2.2% -6.3% 1.3%
2021-03-31 10:00 AM Q4 1.6% -0.1% -1.4%
2021-07-01 10:00 AM Q1 6.2% 0.7% 2.1%
2021-10-13 10:00 AM Q2 13.7% 3% 6.5%
2021-12-17 10:00 AM Q3 13.7% 7%


News Stream
Uganda GDP Expands at Record Pace in Q2
Uganda's economy advanced by 13.7% year-on-year in the second quarter of 2021, following a downwardly revised 3% rise in the previous three-month period. It was the strongest expansion on record, amid a favourable low base effect from the previous year and amid a nascent economic recovery. Growth was mainly supported by the industrial sector, which jumped 17.7%, much faster than 2.8% in the prior period, amid strong performance in economic activities such as mining (48.8%), manufacturing (18%) and construction (16.3%). In addition, services activity gained stream (14.6% vs 5.5% in Q1), boosted by hotels & restaurants (82.8% vs 2.7% in Q1) as a result of opening up of activities in the tourism sector; information & communication (39.1% vs 16.5%); professional, scientific and technical (33.6% vs 60.1%) and financial & insurance (21.7% vs 10.1%). At the same time, the agricultural activity rebounded slightly (0.7% vs -0.2%).
2021-10-13
Uganda GDP Expands the Most in Over a Year
Uganda's economy advanced by 6.2 percent year-on-year in the first quarter of 2021, following a downwardly revised 0.7 percent rise in the previous three-month period. It was the strongest expansion since the last quarter of 2019, boosted by the industrial sector (11.6 percent vs 2.1 percent in Q4), primarily construction (14.2 percent) and services (6.6 percent vs 1.1 percent), of which information & communication (37.1 percent) and public administration (36.8 percent). Conversely, agricultural activity contracted further (-2.8 percent vs -1.7 percent), on account of cash crops (-7.2 percent) and food crops (-13.3 percent) amid a severe drought. On a seasonally adjusted quarterly basis, the GDP fell 0.2 percent after a downwardly revised 2.9 percent rise in the previous period.
2021-07-01
Uganda GDP Bounces Back in Q4
The economy of Uganda advanced 1.6% from a year earlier in the fourth quarter of 2020, following a downwardly revised 0.1% percent contraction in the previous period. The main positive contribution came from the industrial sector which grew 5.9%, above a 4.3% rise in the previous period, mainly boosted by construction (10.1% vs -10.2% in Q3); manufacturing (3.6% vs 3.4%)) and mining (12.9% vs 53.2%). The agricultural activity also gained momentum (3.1% vs 1.7%), supported by cash crops (14.6% vs -1.8%); livestock (7.7% vs 7.5%) and food crops (2% vs 4.2%). Meanwhile, the services sector continued to shrink although at a softer pace (-2.6% vs -4.6%), in particular food & accommodation services (-16.9% vs -24%); professional, scientific& technical (-55.9% vs -63.3%) and arts, entertainment & recreation (-19.5% vs -51%).
2021-03-31
Uganda Economy Contracts Less in Q3
The economy of Uganda shrank 2.2% from a year earlier in the third quarter of 2020, following an upwardly revised 6.3% contraction in the previous period, amid the further easing of COVID-19 restrictions. The industrial sector grew 4.3%, reversing a 8.8% plunge in Q2, driven by mining & quarrying (55.1% vs -30.1%); manufacturing (3% vs -11.5%); electricity (3.5% vs -6.8%) and water supply (4.3% vs 3.9%). Meanwhile, the services sector fell 6.2%, after slumping 5.5% in Q2, dragged down by professional, scientific & technical activities (-63.2% vs -39.7%); arts, entertainment & recreation (-50.7% vs -40.6%); accommodation & food services (-24.2% vs -45.5%) and education (-20.4% vs -8.3%).The agricultural sector also went down slightly (-0.2% vs 2.5%), due to lower output of food crops (-0.1% vs 4.7%) and forestry (-7.7% vs -3.3%).
2021-01-06

Uganda Last Unit Reference Previous Highest Lowest
GDP Growth Rate -0.20 percent Mar/21 2.90 8.20 -5.60
GDP Annual Growth Rate 13.70 percent Jun/21 3.00 13.70 -8.10
GDP From Services 14688.57 UGX Billion Jun/21 14377.14 14727.40 4081.96
GDP From Public Administration 1030.42 UGX Billion Jun/21 1052.94 1052.94 237.14
GDP From Mining 394.09 UGX Billion Jun/21 390.09 624.82 98.26
GDP From Manufacturing 4800.67 UGX Billion Jun/21 4888.32 5273.70 787.93
GDP From Construction 2247.04 UGX Billion Jun/21 2120.40 2247.04 445.80
GDP From Agriculture 6974.10 UGX Billion Jun/21 5843.66 10201.87 1994.51
GDP Constant Prices 32669.73 UGX Billion Jun/21 30896.55 35076.38 8348.49


Uganda GDP Annual 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).