Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3697.00 3704 3714 3725 3736 3758
Stock Market (points) 1311.73 1286 1259 1232 1206 1153

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -4.30 -3.8 2 1.5 2.3 2
GDP Annual Growth Rate (%) -6.00 -0.3 3 4.5 5 5.4
Unemployment Rate (%) 1.80 2.4 2.5 2.5 2.5 2.5
Inflation Rate (%) 4.50 4 3.7 3.5 3 3
Interest Rate (%) 7.00 6 5 5 5 5
Balance of Trade (USD Million) -316.00 -360 -350 -370 -352 -415
Current Account (USD Million) -673.20 -1200 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5 -5 -5 -5
Government Debt to GDP (%) 40.00 50 48 48 48 48
Government Budget (% of GDP) -5.00 -8.3 -7 -7 -7 -7
Business Confidence (points) 51.68 48.7 52 54 56 54
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 40 30 30 30 40

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -4.30 -3.8 2 1.5 2.3 2
GDP Annual Growth Rate (%) -6.00 -0.3 3 4.5 5 5.4
GDP (USD Billion) 34.39 30 32.5 32.5 32.5 32.5
Gross Fixed Capital Formation (UGX Billion) 31617.40 31523 32566 33040 33198 33225
GDP per capita (USD) 956.90 860 935 935 935 935
GDP per capita PPP (USD) 2181.20 1860 2050 2050 2050 2050
GDP Constant Prices (UGX Billion) 28721.74 32618 30798 30014 30158 34379
GDP From Agriculture (UGX Billion) 6811.69 7060 5819 7118 7152 7441
GDP From Construction (UGX Billion) 1958.60 1975 2045 2047 2057 2081
GDP From Manufacturing (UGX Billion) 4173.45 5223 4930 4361 4382 5505
GDP From Mining (UGX Billion) 376.97 693 626 394 396 730
GDP From Public Administration (UGX Billion) 901.22 878 897 942 946 925
GDP From Services (UGX Billion) 12609.58 14359 13963 13177 13240 15134

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 1.80 2.4 2.5 2.5 2.5 2.5
Population (Million) 43.80 45.84 45.8 45.8 45.8 47.4

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.50 4 3.7 3.5 3 3
Consumer Price Index CPI (points) 187.00 187 187 191 192 193
Food Inflation (%) -0.10 1.8 1.5 1.3 1.4 1.4
Inflation Rate Mom (%) 0.20 0.4 0.3 0.6 0.6 0.5
Producer Prices (points) 182.40 183 190 197 196 187
Producer Prices Change (%) 2.00 5 4.5 4 3.5 3.5
Core Consumer Prices (points) 185.25 191 185 185 190 201
Core Inflation Rate (%) 6.30 5.5 5 4.7 4.5 4

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 7.00 6 5 5 5 5
Foreign Exchange Reserves (USD Million) 3991.15 3300 3300 3300 3300 3251
Deposit Interest Rate (%) 9.16 10.09 9.09 9.09 9.09 9.09

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -316.00 -360 -350 -370 -352 -415
Current Account (USD Million) -673.20 -1200 -1200 -1200 -1200 -1300
Current Account to GDP (%) -5.80 -5.3 -5 -5 -5 -5
Imports (USD Million) 733.90 600 650 700 680 700
Exports (USD Million) 417.93 290 300 330 328 330
Tourist Arrivals (Thousand) 1800.00 1000 1250 1250 1250 1250

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 40.00 50 48 48 48 48
Government Budget (% of GDP) -5.00 -8.3 -7 -7 -7 -7
Military Expenditure (USD Million) 406.00 475 475 475 475 500
Government Spending (UGX billion) 9660.10 9631 9950 10095 10143 10151

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 40 30 30 30 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 51.68 48.7 52 54 56 54
Leading Economic Index (%) 1.02 1.6 1.6 1.6 1.6 1.8
Composite PMI (points) 55.80 53 54.6 56 57 55

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (UGX Billion) 81538.20 81294 83984 85207 85615 85683
Consumer Credit (SHS Million) 2784857.16 2678923 2853005 2781400 2861397 2823585


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.