The economy of Uganda plunged 6% from a year ago in Q2 of 2020, following a downwardly revised 1% growth in the previous period. It was the sharpest economic contraction since the third quarter of 2014, as the full impact of Covid-19 pandemic was felt. The services sector shrank 6.5%, reversing a 1.7% growth in Q1, led by accommodation & food services (-45.5% vs -3.2%); arts, entertainment & recreation (-84.9% vs 0.6%); professional, scientific & technical activities (-39.7% vs -29.5%) and finance & insurance (-14.6% vs 14%). Also, the industrial sector contracted 9%, after rising 0.3% in Q1, amid declines in mining & quarrying (-34.2% vs -13.3%); manufacturing (-11.4% vs -1%); electricity (-6.8% vs 9.6%) and construction (-1% vs 5.7%). In contrast, agricultural activity rebounded (1.4% vs -5.1%), in particular due to food crops (1.3% vs -17.9%) and livestock production (8% vs 7.9%).

GDP Annual Growth Rate in Uganda averaged 5.16 percent from 2009 until 2020, 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 October of 2020.

GDP Annual Growth Rate in Uganda is expected to be -0.30 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 5.00 in 12 months time. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 5.40 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Uganda GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 1.00 11.70 -8.10 2009 - 2020 percent Quarterly
2016/2017=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 11:40 AM Q3 2.7% 6.9% 5.3%
2020-04-02 02:00 PM Q4 5.6% 4.5% 2.5%
2020-07-01 02:00 PM Q1 1.8% 6.7% 2%
2020-10-13 10:00 AM Q2 -6% 1% -3%
2020-12-18 10:00 AM Q3 -6% 2%


News Stream
Uganda Q2 GDP Shrinks the Most since 2014
The economy of Uganda plunged 6% from a year ago in Q2 of 2020, following a downwardly revised 1% growth in the previous period. It was the sharpest economic contraction since the third quarter of 2014, as the full impact of Covid-19 pandemic was felt. The services sector shrank 6.5%, reversing a 1.7% growth in Q1, led by accommodation & food services (-45.5% vs -3.2%); arts, entertainment & recreation (-84.9% vs 0.6%); professional, scientific & technical activities (-39.7% vs -29.5%) and finance & insurance (-14.6% vs 14%). Also, the industrial sector contracted 9%, after rising 0.3% in Q1, amid declines in mining & quarrying (-34.2% vs -13.3%); manufacturing (-11.4% vs -1%); electricity (-6.8% vs 9.6%) and construction (-1% vs 5.7%). In contrast, agricultural activity rebounded (1.4% vs -5.1%), in particular due to food crops (1.3% vs -17.9%) and livestock production (8% vs 7.9%).
2020-10-13
Uganda Q1 GDP Annual Growth Rate at Over 3-Year Low
The economy of Uganda advanced by 1.8% from a year ago in Q1 of 2020, decelerating sharply from an upwardly revised 6.7% growth in the prior period. It was the slowest pace of expansion since Q4 of 2016, as the Covid-19 pandemic dented major economic activities. The services sector grew 2.5%, much slower than 9.2% in Q4, mainly due to weaker performance in professional, scientific & technical activities (-30.8% vs 42.2%); trade & repairs (-3.7% vs 0.7%); transportation & storage (-2.4% vs 0.4%); accommodation & food service (2.2% vs 15.3%) and arts & recreation (0.7% vs 26.5%). Also, agricultural activity expanded by 1.3%, far below 7.6% in Q4, hampered by food crops (-1.6% vs 10.2%) and fishing (-12.4% vs 2.8%). In addition, the industrial sector contracted by 1.5%, after rising 7.2% in Q4, amid declines in mining & quarrying (-22.9% vs 39.6%) and manufacturing (-3.1% vs 5.1%). On a quarterly basis, the GDP rose 2.5% compared to an upwardly 0.8% advance in Q4.
2020-07-01
Uganda Q4 GDP Growth Strongest in 3 Quarters
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.
2020-04-02
Uganda GDP Growth Rate Weakest since 2016
The economy of Uganda advanced 2.7% from a year earlier in Q3 2019, below an upwardly revised 6.9% growth in the previous period. It was the slowest expansion since Q4 2016, as services rose much less (1.3% vs 3.4% in Q2), amid contractions in trade & repairs (-6.6% vs -3.9%); transportation & storage (-4.9% vs 0.5%); accommodation & food services (-2.1% vs 4.9%); information & communication (-4% vs -4.4%); finance & insurance (-3% vs 8%) and real estate (-1.7% vs 5.5%). At the same time, agriculture showed no growth (vs 2.6% in Q2), as declines in cash crops (-6.6% vs 15.2%); food crops (-2.7% vs -4.1%) and forestry (-5.1% vs -2.7%) offset increases in fishing (47.5% vs 43.2%) and livestock output (7.3% vs 7.7%) .In contrast, the industrial sector continued to grow solidly (9.5% vs 8.7%), boosted by manufacturing (8.9% vs 5.2%); construction (6.7% vs 8.5%) and mining (39% vs 62%). On a quarterly basis, the GDP shrank 0.7% compared to a 2.3% advance in the previous quarter.
2019-12-19

Uganda GDP Annual 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).