The economy of Uganda advanced by 5.9% year-on-year in the first quarter of 2022, following an upwardly revised 7.6% rise in the previous three-month period. It was the fifth consecutive quarter of economic expansion, after a pandemic-induced recession, driven by the agricultural sector (9.3% vs -0.4% in Q4), with robust growth recorded in all sub-activities. Industry (8.9% vs 11.9%) also expanded solidly, mainly on account of mining (141.9% vs 148.5%). Meanwhile, it was observed a pronounced slowdown in services activity (2.4% vs 10.8%), as strong growth in information & communication (42.3% vs 40.6%), professional, scientific & technical (30.3% vs 47.2%) and transport & storage (12.9% vs 4.8%) was partly offset by a sharp decline in accommodation & food services (-48.3% vs 27.9%). source: Uganda Bureau of Statistics

GDP Annual Growth Rate in Uganda averaged 4.99 percent from 2009 until 2022, 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 July of 2022.

GDP Annual Growth Rate in Uganda is expected to be 4.50 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.

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Uganda GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-01 10:00 AM Q4 5.2% 3.8% 4%
2022-07-01 10:00 AM Q1 5.9% 7.6% 4%
2022-10-13 10:00 AM Q2 5.9% 3.5%


Related Last Previous Unit Reference
GDP Growth Rate -0.90 4.00 percent Sep 2021
GDP Annual Growth Rate 5.90 7.60 percent Mar 2022
GDP From Services 14723.92 15293.15 UGX Billion Mar 2022
GDP From Public Administration 1080.05 1113.40 UGX Billion Mar 2022
GDP From Mining 953.20 1130.25 UGX Billion Mar 2022
GDP From Manufacturing 5055.39 4713.12 UGX Billion Mar 2022
GDP From Construction 2077.37 2190.60 UGX Billion Mar 2022
GDP From Agriculture 6416.00 7437.00 UGX Billion Mar 2022
GDP Constant Prices 32778.00 34953.00 UGX Billion Mar 2022

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
5.90 7.60 13.30 -8.10 2009 - 2022 percent Quarterly
2016/2017=100, NSA

News Stream
Uganda GDP Growth Remains Strong
The economy of Uganda advanced by 5.9% year-on-year in the first quarter of 2022, following an upwardly revised 7.6% rise in the previous three-month period. It was the fifth consecutive quarter of economic expansion, after a pandemic-induced recession, driven by the agricultural sector (9.3% vs -0.4% in Q4), with robust growth recorded in all sub-activities. Industry (8.9% vs 11.9%) also expanded solidly, mainly on account of mining (141.9% vs 148.5%). Meanwhile, it was observed a pronounced slowdown in services activity (2.4% vs 10.8%), as strong growth in information & communication (42.3% vs 40.6%), professional, scientific & technical (30.3% vs 47.2%) and transport & storage (12.9% vs 4.8%) was partly offset by a sharp decline in accommodation & food services (-48.3% vs 27.9%).
2022-07-01
Uganda GDP Expands Faster in Q4
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, helped by a 6.2% growth in construction. Meanwhile, the agricultural sector shrank 1%, led by a 7.8% decline in food crops growing activities.
2022-04-01
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