Uganda's economy advanced by 3.8% year-on-year in the third quarter of 2021, following a revised record 12.9% rise in the previous three-month period. It was the third consecutive quarter of expansion, but at a much softer pace, amid fading low base effects from the pandemic shock last year. The services sector was the main driver of growth (7.9% vs 13.1% in Q2), in particular education (68.1% vs 8.7%); professional, scientific & technical (63.8% vs 33.6%); information & communication (34.9% vs 39.1%); public administration (15.9% vs 3.5%) and hotels & restaurants (8.9% vs 82.9%). Output also increased for agriculture (3.6% vs 0.6%) and industry (0.3% vs 17.6%), primarily construction (39.6% vs 16.2%) and electricity supply (12.5% vs 25.7%. On a seasonally adjusted quarterly basis, the GDP decreased 0.9%, following a 4% growth in the second quarter. 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 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 January of 2022.

GDP Annual Growth Rate in Uganda is expected to be 4.00 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 5.50 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Uganda GDP Annual Growth Rate


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).
Actual Previous Highest Lowest Dates Unit Frequency
3.80 12.90 12.90 -8.10 2009 - 2021 percent Quarterly
2016/2017=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 10:00 AM Q2 13.7% 3% 6.5%
2022-01-04 10:00 AM Q3 3.8% 12.9% 7%
2022-03-31 10:00 AM Q4 3.8%


Related Last Previous Unit Reference
GDP Growth Rate -0.90 4.00 percent Sep/21
GDP Annual Growth Rate 3.80 12.90 percent Sep/21
GDP From Services 15167.35 14519.97 UGX Billion Sep/21
GDP From Public Administration 1112.55 919.38 UGX Billion Sep/21
GDP From Mining 331.39 394.15 UGX Billion Sep/21
GDP From Manufacturing 4513.26 4793.69 UGX Billion Sep/21
GDP From Construction 2256.74 2244.29 UGX Billion Sep/21
GDP From Agriculture 10527.86 7038.95 UGX Billion Sep/21
GDP Constant Prices 36054.21 32555.51 UGX Billion Sep/21


News Stream
Uganda GDP Growth Slows in Q3
Uganda's economy advanced by 3.8% year-on-year in the third quarter of 2021, following a revised record 12.9% rise in the previous three-month period. It was the third consecutive quarter of expansion, but at a much softer pace, amid fading low base effects from the pandemic shock last year. The services sector was the main driver of growth (7.9% vs 13.1% in Q2), in particular education (68.1% vs 8.7%); professional, scientific & technical (63.8% vs 33.6%); information & communication (34.9% vs 39.1%); public administration (15.9% vs 3.5%) and hotels & restaurants (8.9% vs 82.9%). Output also increased for agriculture (3.6% vs 0.6%) and industry (0.3% vs 17.6%), primarily construction (39.6% vs 16.2%) and electricity supply (12.5% vs 25.7%. On a seasonally adjusted quarterly basis, the GDP decreased 0.9%, following a 4% growth in the second quarter.
2022-01-04
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