UGANDA

SELECTED INDICATORS* Avg. '10-19 2015 2016 2017 2018 2019 2020 2021 2022 2023 E 2024 F

INCOME AND ECONOMIC GROWTH

GDP growth (annual %) 5.4 5.2 4.8 3.8 6.3 6.4 3.0 3.4 4.7 5.2 6.0
GDP per capita growth (annual %, real) 2.2 2.0 1.3 0.2 2.8 2.9 -0.4 0.2 1.6 2.3 3.1
GDP per capita (US$, nominal) 785.2 748.0 747.6 765.7 772.1 801.5 704.3 754.2 822.2 864.3 919.5
Private Consumption growth (annual %) 4.6 10.9 1.3 1.2 6.0 5.9 2.0 4.2 3.4 4.4 5.4
Gross Investment ( % of nominal GDP) 24.8 23.2 24.8 24.6 24.5 25.2 26.5 26.8 30.6 29.6 30.6
Gross Investment - Public ( % of nominal GDP) 7.4 8.4 8.6 9.2 6.3 6.8 7.7 9.1 7.8 5.2 5.4

MONEY AND PRICES

Inflation, consumer prices (annual %, EOP or MRV)¹ 6.4 6.4 5.7 3.0 2.3 2.4 2.4 2.9 10.2 2.6 3.5
Inflation, consumer prices (annual %, period average) 6.2 2.9 6.6 5.7 3.4 2.6 2.3 2.5 3.7 8.8 3.1
Base Money (% of GDP) 5.8 6.3 6.1 6.2 5.8 6.0 6.9 7.5 7.2 6.9 6.8
Domestic Credit to the Private Sector ( % of GDP)2 13.0 13.8 13.6 13.5 13.6 13.8 14.2 14.8 .. .. ..
10 year interest rate (annual average)¹ 15.7 17.7 17.3 15.7 15.6 15.6 .. .. .. .. ..
Nominal Exchange Rate (local currency per USD) 2999.9 3240.7 3443.0 3528.3 3658.7 3736.8 3714.6 3661.1 3609.8 3725.3 3855.7
Real Exchange Rate Index (2015=100) 101.6 100.0 96.0 96.4 93.1 92.8 83.3 84.1 88.7 89.7 89.4

FISCAL
Revenue (% of GDP) 12.3 13.3 13.0 12.8 12.7 13.5 13.1 14.7 14.2 14.4 15.8
Expenditure (% of GDP) 16.1 17.4 17.3 16.2 16.8 18.4 20.3 24.2 21.6 19.9 19.7
Interest Payments (% of GDP) 1.5 1.5 2.1 2.1 1.9 2.1 2.3 2.7 2.8 3.2 3.3
Non-Interest Expenditure (% of GDP) 14.6 15.9 15.1 14.0 14.9 16.3 18.0 21.5 18.8 16.7 16.4
Overall Fiscal Balance (% of GDP) -3.8 -4.1 -4.2 -3.4 -4.1 -4.9 -7.1 -9.5 -7.4 -5.5 -3.9
Primary Fiscal Balance (% of GDP) -2.3 -2.6 -2.1 -1.2 -2.2 -2.8 -4.8 -6.8 -4.6 -2.3 -0.6
General Government Debt (% of GDP) 28.1 30.1 32.5 33.5 36.2 36.6 40.4 49.6 50.7 49.1 48.5
External Public Debt (% of GDP) 16.8 15.9 18.3 22.4 23.9 24.6 26.5 32.4 31.0 30.7 31.3
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EXTERNAL ACCOUNTS
Export growth, G&S (nominal US$, annual %) 7.6 -3.6 2.3 5.2 10.2 20.7 -20.7 4.1 -15.0 7.4 8.0
Import growth, G&S (nominal US$, annual %) 7.0 -5.7 -10.8 10.2 20.9 12.2 -3.6 12.1 -6.1 2.1 6.9
Merchandise exports (% of GDP) 9.9 9.5 9.3 10.7 11.0 11.5 12.2 11.0 10.5 13.0 14.7
Merchandise imports (% of GDP) 17.7 17.7 16.2 15.5 17.5 19.8 20.4 19.1 18.7 21.1 22.6
Services, net (% of GDP) -1.5 -1.1 1.0 -2.0 -3.2 -0.4 -4.7 -6.3 -5.1 -3.9 -3.7
Current account balance (current US$ millions) -1719.0 -1657.0 -1022.9 -1019.0 -1690.2 -2438.9 -2085.0 -3535.7 -3058.0 -3426.9 -3731.9
Current account balance (% of GDP) -5.9 -5.9 -3.5 -3.3 -5.3 -7.1 -6.7 -10.2 -7.9 -8.2 -8.1
Foreign Direct Investment, net inflows (% of GDP) 3.0 3.2 1.9 2.3 2.8 3.5 2.6 2.1 3.1 5.9 8.7
Multilateral debt (% of total external debt)2 .. .. .. .. .. .. .. .. .. .. ..

See next page for more indicators

UGANDA
SELECTED INDICATORS* Avg. '10-19 2015 2016 2017 2018 2019 2020 2021 2022 2023 E 2024 F

POPULATION, EMPLOYMENT AND POVERTY

Population, total (millions) 37.2 37.5 38.7 40.1 41.5 42.9 44.4 45.9 47.2 48.6 49.9
Population Growth (annual %) 3.2 3.1 3.4 3.6 3.5 3.5 3.4 3.3 3.0 2.8 2.8
Unemployment Rate² 3.2 2.7 3.2 3.6 3.6 3.6 4.5 4.3 4.3 .. ..
³
International poverty rate ($2.15 in 2017 PPP) 40.8 .. 42.9 .. .. 42.1 42.4 42.2 42.1 41.8 41.3
Lower middle-income poverty rate ($3.65 in 2017 PPP)³ 70.6 .. 71.3 .. .. 71.8 71.6 71.7 71.8 72.0 72.4
³
Upper middle-income poverty rate ($6.85 in 2017 PPP) 90.2 .. 90.0 .. .. 91.1 90.6 90.9 91.0 91.5 92.3

OTHER
GDP (current LCU, millions) 88849048.4 90839962.0 99733722.0 108413687.8 117276729.9 128636057.8 116169193.7 126608532.2 140235355.8 156433774.4 176990048.8
GDP (current US$, millions) 29227.8 28031.4 28967.5 30726.9 32054.0 34423.9 31273.7 34582.5 38848.5 41992.1 45903.5
GDP per capita LCU (real) 2627920.9 2659771.5 2695523.8 2701758.4 2776079.3 2855718.5 2845468.6 2850096.7 2896363.2 2962618.4 3054963.0
Human Development Index Ranking⁴ 160.5 161 162 161 161 161 160 160 159 .. ..
CPIA (overall rating)2 3.7 3.7 3.6 3.6 3.7 3.7 3.6 3.6 3.6 .. ..
Economic Management2 4.2 4.2 4.0 4.2 4.2 4.3 4.0 3.8 3.8 .. ..
Structural Policies2 3.9 4.0 4.0 3.8 3.8 3.7 3.7 3.7 3.7 .. ..
Policies for Social Inclusion and Equity2 3.6 3.7 3.5 3.5 3.5 3.5 3.5 3.5 3.5 .. ..
Public Sector Management and Institutions2 3.1 3.1 3.0 3.0 3.2 3.2 3.2 3.2 3.3 .. ..

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Notes: ".." indicates not available. E = estimate, F = forecast. Data from MFMOD unless otherwise noted. Poverty data are expressed in 2017 PPP, versus 2011 PPP in previous editions - resulting in major changes. See pip.worldbank.org
1/ World Bank GEM database; MRV = Most recent value.
2/ World Development Indicators Database and World Bank Staff Estimates.
3/ Calculations based on 2016-UNHS and 2019-UNHS.Projection using point-to-point elasticity (2016-2019) with pass-through = 0.7 based on private consumption per capita in constant LCU. Actual data: 2019. Nowcast: 2020-2023. Forecasts are from 2024 to 2026.
4/ The HDI ranking in 2001 is in relation to 175 countries and in 2010 in relation to 169 countries. Methodological enhancements in HDI calculations have resulted in notable improvements in the countries' rankings.

Sources: MFMOD Database, World Bank WDI and GEM databases, IMF.