The Gross Domestic Product (GDP) in Uganda contracted 0.70 percent in the third quarter of 2019 over the previous quarter. Uganda GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Uganda averaged 1.39 percent from 2008 until 2019, reaching an all time high of 9.30 percent in the second quarter of 2015 and a record low of -5.70 percent in the fourth quarter of 2014. This page provides the latest reported value for - Uganda GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Growth Rate in Uganda is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Uganda to stand at 1.60 in 12 months time. In the long-term, the Uganda GDP Growth Rate is projected to trend around 1.80 percent in 2021, according to our econometric models.

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Uganda GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 2.30 9.30 -5.70 2008 - 2019 percent Quarterly
2016/2017=100, NSA

Uganda GDP Growth Rate
The services sector is the most important sector of Uganda's economy and accounts for around 51 percent of total GDP. The biggest segments within services are trade & repairs (13 percent); education (8 percent); real estate (5 percent); and finance and insurance (4 percent). Agriculture, forestry & fishing account for 27 percent and the industrial sector represents around 22 percent of the GDP, mostly due to manufacturing (9 percent) and construction (8 percent).