The economy of Uganda advanced by 5.6% from a year earlier in Q4 2019, accelerating from an upwardly revised 4.5 percent growth in the previous period. It was the fastest expansion since the first quarter of 2019, boosted by services (6.6% vs 3.6% in Q3), especially trade & repairs (11.8% vs 0.9%); public administration (11.1% vs 8.7%); professional, scientific & technical services (26.3% vs 3%); transportation & storage (6.7% vs 5.9%) and accommodation & food service (6.6% vs 4.1%). On the other hand, growth slowed in the agricultural sector (1.3% vs 2%), amid declines in cash crops (-11.5% vs -4%) and fishing (-5.8% vs 12%). Also, industrial activity lost some steam (6.4% vs 7.1%), hampered by mining (-17.6% vs -20.3%). Also, output advanced at a slower pace in manufacturing (9.6% vs 11.8%); electricity supply (5.4% vs 6.4%) and water supply (4.2% vs 4.7%). On a quarterly basis, the GDP rose by 0.3%, after increasing 1.1% in the third quarter.
GDP Annual Growth Rate in Uganda averaged 5.39 percent from 2009 until 2019, reaching an all time high of 11.70 percent in the second quarter of 2009 and a record low of -8.10 percent in the third quarter of 2014. This page provides the latest reported value for - Uganda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
GDP Annual 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 Annual Growth Rate in Uganda to stand at 4.70 in 12 months time. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 6.00 percent in 2021 and 6.30 percent in 2022, according to our econometric models.