Markets Actual Q3 Q4 Q1 Q2 2023
Currency 3820.00 3857 3894 3932 3971 4048
Stock Market (points) 1245.92 1193 1131 1073 1019 917

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 13.70 4 3 1.8 2.4 2
GDP Annual Growth Rate (%) 5.90 4.5 3 6 5.7 5.8
Unemployment Rate (%) 2.90 3.1 3.1 2.9 2.9 2.9
Inflation Rate (%) 9.00 9.5 8 7.3 6 5
Interest Rate (%) 9.00 9 9 9 9.5 10
Balance of Trade (USD Million) -439.40 -380 -390 -320 -375 -380
Current Account (USD Million) -973.40 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -7.30 -8.4 -8.4 -8.4 -8.4 -8.4
Business Confidence (points) 52.80 53 54 52.8 52.8 55
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 13.70 4 3 1.8 2.4 2
GDP Annual Growth Rate (%) 5.90 4.5 3 6 5.7 5.8
GDP (USD Billion) 40.43 32.5 34 34 34 34
Gross Fixed Capital Formation (UGX Billion) 34538.00 34998 35574 36610 36507 37637
GDP per Capita (USD) 894.39 910 910 910 910 930
GDP per Capita PPP (USD) 2182.57 2050 2160 2160 2160 2160
GDP Constant Prices (UGX Billion) 32778.00 37650 36002 34745 34646 38090
GDP from Agriculture (UGX Billion) 6416.00 11086 7660 6801 6782 8104
GDP from Construction (UGX Billion) 2077.37 2358 2256 2202 2196 2387
GDP from Manufacturing (UGX Billion) 5055.39 4716 4855 5359 5344 5136
GDP from Mining (UGX Billion) 953.20 346 1164 1010 1008 1232
GDP from Public Administration (UGX Billion) 1080.05 1163 1147 1145 1142 1213
GDP from Services (UGX Billion) 14723.92 15850 15752 15607 15563 16666

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.90 3.1 3.1 2.9 2.9 2.9
Population (Million) 47.12 47.4 48.96 48.96 48.96 48.96

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 9.00 9.5 8 7.3 6 5
Consumer Price Index CPI (points) 123.20 124 124 125 128 130
Food Inflation (%) 15.70 12 10 8 6.8 4.2
Inflation Rate MoM (%) 1.00 0.8 1 0.7 0.5 0.4
Producer Prices (points) 244.30 258 253 267 278 279
Producer Prices Change (%) 22.80 25 18 16 14 10
Core Consumer Prices (points) 122.87 122 123 123 127 128
Core Inflation Rate (%) 7.20 6 5.7 5.3 5 4.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 9.00 9 9 9 9.5 10
Foreign Exchange Reserves (USD Million) 3883.68 4300 4250 4400 4370 4400
Deposit Interest Rate (%) 9.08 9.09 9.09 9.09 9.59 10.09

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -439.40 -380 -390 -320 -375 -380
Current Account (USD Million) -973.40 -1300 -1300 -1300 -1300 -1300
Current Account to GDP (% of GDP) -9.80 -7 -7 -7 -7 -5.8
Imports (USD Million) 818.50 730 750 680 720 730
Exports (USD Million) 379.16 350 360 360 345 350
Tourist Arrivals (Thousand) 473.00 1250 1400 1400 1400 1400

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 49.80 51.3 51.3 51.3 51.3 52
Government Budget (% of GDP) -7.30 -8.4 -8.4 -8.4 -8.4 -8.4
Military Expenditure (USD Million) 948.00 500 500 500 500 500
Government Spending (UGX billion) 14745.00 15409 15187 15630 15585 16068

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) 52.80 53 54 52.8 52.8 55
Leading Economic Index (%) -0.66 0.3 -0.2 0.7 1.3 1.3
Composite PMI (points) 50.50 53.7 54 55 53.5 56

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (UGX Billion) 130871.00 125867 134797 138723 138331 142615
Consumer Credit (UGX Million) 3763955.74 3338348 3601630 3897695 3907085 3810525


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Uganda Forecast - was last updated on Tuesday, September 27, 2022.