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.