Markets Actual Q3 Q4 Q1 Q2 2023
Currency 3741.00 3807 3838 3869 3869 3933
Stock Market (points) 1164.58 1041 990 942 942 852

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -0.90 2.1 1.6 1.6 1.6 1.3
GDP Annual Growth Rate (%) 5.90 4.5 5 6 5.7 6
Unemployment Rate (%) 2.90 3.1 3.1 2.9 2.9 2.9
Inflation Rate (%) 6.80 7.5 7 6 5.6 5
Interest Rate (%) 7.50 7.5 7.5 7.5 7.5 7
Balance of Trade (USD Million) -353.60 -420 -380 -390 -320 -380
Current Account (USD Million) -845.30 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -7.30 -8.4 -8.4 -8.4 -8.4 -8.4
Business Confidence (points) 55.80 53 54 52.8 52.8 55
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -0.90 2.1 1.6 1.6 1.6 1.3
GDP Annual Growth Rate (%) 5.90 4.5 5 6 5.7 6
GDP (USD Billion) 37.37 32.5 34 34 34 34
Gross Fixed Capital Formation (UGX Billion) 33491.00 34663 34998 35166 35500 37275
GDP per capita (USD) 894.35 910 910 910 910 930
GDP per capita PPP (USD) 2177.60 2050 2160 2160 2160 2160
GDP Constant Prices (UGX Billion) 32778.00 37650 36701 34745 34646 38903
GDP From Agriculture (UGX Billion) 6416.00 11086 7809 6801 6782 8277
GDP From Construction (UGX Billion) 2190.60 2323 2358 2300 2322 2438
GDP From Manufacturing (UGX Billion) 4713.12 4961 4716 4949 4996 5246
GDP From Mining (UGX Billion) 1130.25 408 346 1187 1198 1258
GDP From Public Administration (UGX Billion) 1113.40 952 1163 1169 1180 1239
GDP From Services (UGX Billion) 15293.15 15028 15850 16058 16211 17021

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.90 3.1 3.1 2.9 2.9 2.9
Population (Million) 45.74 47.4 48.96 48.96 48.96 48.96

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 6.80 7.5 7 6 5.6 5
Consumer Price Index CPI (points) 119.70 121 122 123 123 129
Food Inflation (%) 11.00 10 8.7 4.8 3.9 3.5
Inflation Rate Mom (%) 1.50 0.6 0.4 0.3 0.4 0.4
Producer Prices (points) 238.20 231 234 236 250 253
Producer Prices Change (%) 12.80 13 10 8.5 7 7
Core Consumer Prices (points) 119.55 121 121 123 124 129
Core Inflation Rate (%) 5.10 5.7 6.1 5.6 5 5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 7.50 7.5 7.5 7.5 7.5 7
Foreign Exchange Reserves (USD Million) 4539.98 4300 4250 4400 4370 4400
Deposit Interest Rate (%) 8.30 8.3 8.3 8.3 8.3 7.8

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -353.60 -420 -380 -390 -320 -380
Current Account (USD Million) -845.30 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Imports (USD Million) 698.00 730 750 680 720 730
Exports (USD Million) 344.36 350 360 360 345 350
Tourist Arrivals (Thousand) 473.00 1250 1400 1400 1400 1400

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -7.30 -8.4 -8.4 -8.4 -8.4 -8.4
Military Expenditure (USD Million) 948.00 500 500 500 500 500
Government Spending (UGX billion) 14745.00 15261 15409 15482 15630 16411

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) 55.80 53 54 52.8 52.8 55
Leading Economic Index (%) -0.10 0.3 -0.2 0.7 1.3 1.3
Composite PMI (points) 51.50 53.7 54 55 53.5 56

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (UGX Billion) 120447.00 124663 125867 126469 127674 134058
Consumer Credit (UGX Million) 3713168.53 3255625 3338348 3671565 3897695 3891859


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Uganda Forecast - was last updated on Saturday, July 2, 2022.