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. 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.

GDP Annual Growth Rate in Uganda is expected to be 4.70 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 5.60 in 12 months time. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 6.20 percent in 2020, according to our econometric models.

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Uganda GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 6.90 11.70 -8.10 2009 - 2019 percent Quarterly
2016/2017=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-04-04 09:55 AM Q4 6.6% 6.2% 6.6%
2019-07-03 02:05 PM Q1 5.6% 6.8% 6.2%
2019-10-01 03:20 PM Q2 5.4% 5.6% 4.0%
2019-12-19 11:40 AM Q3 2.7% 6.9% 5.3%
2020-03-03 10:00 AM Q4 2.7% 5.5%


News Stream
2019-10-01
Uganda GDP Annual Growth Rate at 1-Year Low
The economy of Uganda advanced 5.4% from a year earlier in Q2 2019, down slightly from 5.6% in the previous period. It was the slowest expansion since Q2 2018, led by services (6.2% vs 6.4% in Q1), of which transportation & storage (2.4% vs 4.3%); information & communication (5.8% vs 6.8%); finance & insurance (8.9% vs 10.8%) and public administration (5.4% vs 8.5%). However, trade & repairs (5.7% vs 4.3%) and food & accommodation (14.8% vs 13%) posted stronger gains. On the other hand, the agricultural sector rose faster (4.5% vs 3.5%), boosted by cash crops (9.2% vs 4.9%) and food crops (4.4% vs 4.5%), owing to favourable weather conditions. Also, the industrial sector gained steam (5.3% vs 4.5%), namely mining & quarrying (18.7% vs 7.4%); manufacturing (5.6% vs 1.9%); electricity supply (10.7% vs 9%) and water supply (6.3% vs 6.2%). Meanwhile, construction activity slowed markedly (0.6% vs 5.4%). On a quarterly basis, the GDP grew 1.3% compared to 0.3% in the previous quarter.

2019-07-03
Uganda Annual GDP Growth at Near 1-Year Low of 5.6%
The economy of Uganda advanced 5.6% from a year earlier in the first quarter of 2019, decelerating from an upwardly revised 6.8% in the previous period. It was the slowest expansion since Q2 2018, led by services (6.5% vs 8.8% in Q4), namely trade & repairs (5.1% vs 7.5%); transportation & storage (4% vs 10.1%); information & communication (1.7% vs 8.6%); administrative & support service (8% vs 16.7%); public administration (7.2% vs 9.1%) and arts, entertainment & recreation (5.7% vs 13%). Also, industrial output rose at a slower pace (2.9% vs 3.5%), mainly due to construction (0.9% vs 4.2%) and mining & quarrying (-3.8% vs -8.1%). In contrast, the agricultural sector strengthened (4.8% vs 4.7%), boosted by cash crops (12% vs 6.4%) and food crops (5.2% vs 3.6%), amid favourable weather conditions. On a quarterly basis, the GDP grew 0.3%, the least since Q1 2016 when it contracted 0.7%, and below 1.2% in the last quarter of 2018.

2019-04-04
Uganda GDP Annual Growth at Near 1-Year High of 6.6%
The economy of Uganda advanced 6.6% year-on-year in the fourth quarter of 2018, after a downwardly revised 6.2% growth in the previous period. It is the fastest expansion since Q1 2018, mainly driven by services (8.4% vs 8.0% in Q3), namely administrative & support service (16.5% vs 12.5%); finance & insurance (14.6% vs 6.1%); arts, entertainment & recreation (12.9% vs 14.6%) and heath & social work (11.4% vs 11.6%). Also, output quickened in the agricultural sector (4.5% vs 3.1%), boosted by fishing (13.3% vs 10.5%); forestry (7.8% vs 2.2%); cash crops (6.4% vs 4.2%) and food crops (3.6% vs 3.2%). Conversely, the industrial sector lost steam (3.5% vs 6.5%), as output slowed in construction (4.2% vs 9.3%) and it plunged in mining (-8.5% vs 7.5%). On a quarterly basis, the economy grew 1.2 percent, after expanding 2.2 percent in the third quarter.


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).

Uganda GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.70 2.30 9.30 -5.70 percent [+]
GDP Annual Growth Rate 2.70 6.90 11.70 -8.10 percent [+]
GDP 27.48 26.00 27.48 0.42 USD Billion [+]
Gross Fixed Capital Formation 31617.40 28381.10 31617.40 1160.00 UGX Billion [+]
GDP per capita 709.70 694.30 709.70 274.30 USD [+]
GDP per capita PPP 1807.37 1768.21 1807.37 773.20 USD [+]
GDP Constant Prices 33583.00 30390.00 33583.00 8348.49 UGX Billion [+]
GDP From Agriculture 3413.85 3368.94 3977.93 1994.51 UGX Billion [+]
GDP From Construction 1042.92 1056.49 1061.75 445.80 UGX Billion [+]
GDP From Manufacturing 1199.01 1157.95 1199.01 787.93 UGX Billion [+]
GDP From Mining 249.63 260.87 271.19 98.26 UGX Billion [+]
GDP From Public Administration 568.97 549.30 568.97 237.14 UGX Billion [+]
GDP From Services 8820.90 8754.44 8820.90 4081.96 UGX Billion [+]