Markets Actual Q1 Q2 Q3 Q4 2021
Currency 3675.00 3683 3693 3704 3715 3737
Stock Market (points) 1754.22 1802 1782 1762 1743 1704

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.70 1.7 2 0.8 1.6 1.8
GDP Annual Growth Rate (%) 2.70 3 2.8 4 5.6 6
Unemployment Rate (%) 1.80 1.8 1.8 1.8 1.8 1.8
Inflation Rate (%) 3.40 4 3.7 3.8 4 5
Interest Rate (%) 9.00 9 9 8.5 8.5 8.75
Balance of Trade (USD Million) -334.98 -650 -630 -470 -410 -830
Current Account (USD Million) -776.20 -900 -750 -1100 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5.3 -5.3 -5
Government Debt to GDP (%) 40.00 43 43 43 43 45
Government Budget (% of GDP) -4.70 -4.5 -4.5 -4.5 -4.5 -4.3
Business Confidence (points) 56.00 55 56.6 57.1 57.4 57.8
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.70 1.7 2 0.8 1.6 1.8
GDP Annual Growth Rate (%) 2.70 3 2.8 4 5.6 6
GDP (USD Billion) 27.48 30 30 30 30 32
Gross Fixed Capital Formation (UGX Billion) 31617.40 32092 32060 32250 33388 35391
GDP per capita (USD) 709.70 750 750 750 750 765
GDP per capita PPP (USD) 1807.37 1789 1727 1727 1745 1745
GDP Constant Prices (UGX Billion) 33583.00 29588 30815 34255 35464 37591
GDP From Agriculture (UGX Billion) 6880.74 3419 3462 7018 7266 7702
GDP From Construction (UGX Billion) 2738.96 1072 1058 2794 2892 3066
GDP From Manufacturing (UGX Billion) 392.67 1175 1216 401 415 440
GDP From Mining (UGX Billion) 4743.47 265 253 4838 5009 5310
GDP From Public Administration (UGX Billion) 729.65 558 577 744 771 817
GDP From Services (UGX Billion) 13282.78 8886 8944 13548 14027 14868

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 1.80 1.8 1.8 1.8 1.8 1.8
Population (Million) 42.72 44.6 44.6 44.6 45.84 47.4
Wages High Skilled (UGX/Month) 1216600.00 1817300 1817300 1817300 1859522 1957168
Wages Low Skilled (UGX/Month) 412400.00 440000 440000 440000 445000 452000
Living Wage Family (UGX/Month) 1368500.00 1368500 1368500 1368500 1508900 1608900

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 3.40 4 3.7 3.8 4 5
Consumer Price Index CPI (points) 180.20 183 184 185 187 197
Food Inflation (%) 3.10 3.6 3.8 2.7 3 2.5
Inflation Rate Mom (%) 0.10 0.7 1 0.8 0.4 0.5
Producer Prices (points) 181.00 176 180 180 181 185
Producer Prices Change (%) 0.10 -1.6 1.4 1.3 1.3 2.1
Core Consumer Prices (points) 175.50 177 179 180 180 187
Core Inflation Rate (%) 3.00 2.6 3.2 3.4 3.4 4

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 9.00 9 9 8.5 8.5 8.75
Foreign Exchange Reserves (USD Million) 3240.95 3240 3260 3300 3300 3251
Deposit Interest Rate (%) 10.26 10.26 10.26 9.76 9.76 10.01

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -334.98 -650 -630 -470 -410 -830
Current Account (USD Million) -776.20 -900 -750 -1100 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5.3 -5.3 -5.3 -5
Imports (USD Million) 661.73 1100 900 750 700 1200
Exports (USD Million) 326.75 450 270 280 290 370
Tourist Arrivals (Thousand) 1800.00 2150 2150 2150 2150 2300

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 40.00 43 43 43 43 45
Government Budget (% of GDP) -4.70 -4.5 -4.5 -4.5 -4.5 -4.3
Government Spending (UGX billion) 9660.10 9805 9795 9853 10201 10813
Military Expenditure (USD Million) 406.00 475 475 475 475 500

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 56.00 55 56.6 57.1 57.4 57.8
Leading Economic Index (%) 0.51 1.2 1.3 1.6 1.6 1.8
Composite Pmi (points) 58.80 56.2 54.8 55 56 56

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (UGX Billion) 81538.20 82761 82680 83169 86104 91271
Consumer Credit (SHS Million) 2686984.20 2499679 2553291 2628883 2837455 3007703


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.