Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3692.60 3700 3711 3721 3732 3754
Stock Market (points) 1291.84 1261 1234 1208 1182 1131

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 0.3 0.7 1.6 2.2 2.7
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Inflation Rate (%) 4.10 4.6 3.8 3.3 3.5 4
Interest Rate (%) 7.00 6 6 5 5 6
Balance of Trade (USD Million) -188.80 -470 -360 -350 -370 -415
Current Account (USD Million) -706.10 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -5.00 -7.5 -7.5 -6 -6 -6
Business Confidence (points) 43.06 52 54.3 55.6 57 57.5
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 2021
GDP Growth Rate (%) 2.50 -4.5 -3.8 2 1.5 1
GDP Annual Growth Rate (%) 1.80 0.3 0.7 1.6 2.2 2.7
GDP (USD Billion) 34.39 30 30 32.5 32.5 32.5
Gross Fixed Capital Formation (UGX Billion) 31617.40 31665 31839 32123 32313 32698
GDP per capita (USD) 956.90 860 860 935 935 935
GDP per capita PPP (USD) 2181.20 1860 1860 2050 2050 2050
GDP Constant Prices (UGX Billion) 29343.38 34792 32441 30438 29989 33316
GDP From Agriculture (UGX Billion) 6619.97 6891 6618 6111 6766 6797
GDP From Construction (UGX Billion) 1992.30 2743 2185 2054 2036 2244
GDP From Manufacturing (UGX Billion) 4478.49 393 5333 4760 4577 5477
GDP From Mining (UGX Billion) 516.08 4751 475 546 527 488
GDP From Public Administration (UGX Billion) 852.64 731 819 865 871 842
GDP From Services (UGX Billion) 12646.74 13303 14156 13724 12925 14539

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 1.80 2.4 2.4 2.7 2.7 2.7
Population (Million) 43.80 44.6 45.84 45.8 45.8 47.4

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.10 4.6 3.8 3.3 3.5 4
Consumer Price Index CPI (points) 184.60 187 187 187 191 195
Food Inflation (%) 1.90 2.7 3 2.7 2.6 2.5
Inflation Rate Mom (%) 1.20 0.8 0.4 0.3 0.6 0.5
Producer Prices (points) 188.60 180 183 191 191 187
Producer Prices Change (%) 4.30 1.3 1.3 1.3 1.3 2.1
Core Consumer Prices (points) 181.82 181 181 182 187 187
Core Inflation Rate (%) 4.90 3.6 3 2.8 3.1 3.2

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 6 6 5 5 6
Foreign Exchange Reserves (USD Million) 3121.01 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 10.17 8.84 8.84 8.84 7.84 8.84

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -188.80 -470 -360 -350 -370 -415
Current Account (USD Million) -706.10 -1100 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5 -5 -5
Imports (USD Million) 479.70 520 600 650 700 700
Exports (USD Million) 290.93 265 290 300 330 330
Tourist Arrivals (Thousand) 1800.00 1000 1000 1250 1250 1250

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 40.00 50 50 48 48 48
Government Budget (% of GDP) -5.00 -7.5 -7.5 -6 -6 -6
Military Expenditure (USD Million) 406.00 475 475 475 475 500
Government Spending (UGX billion) 9660.10 9675 9728 9815 9873 9990

Taxes Actual Q3 Q4 Q1 Q2 2021
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 2021
Business Confidence (points) 43.06 52 54.3 55.6 57 57.5
Leading Economic Index (%) 0.51 1.6 1.6 1.6 1.6 1.8
Composite Pmi (points) 46.50 53 55 54 56 55

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (UGX Billion) 81538.20 81661 82109 82843 83332 84326
Consumer Credit (SHS Million) 2677084.45 2581203 2705793 2814226 2778446 2778850


This page has economic forecasts for Uganda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uganda economy.