Uganda's economy advanced by 6.2 percent year-on-year in the first quarter of 2021, following a downwardly revised 0.7 percent rise in the previous three-month period. It was the strongest expansion since the last quarter of 2019, boosted by the industrial sector (11.6 percent vs 2.1 percent in Q4), primarily construction (14.2 percent) and services (6.6 percent vs 1.1 percent), of which information & communication (37.1 percent) and public administration (36.8 percent). Conversely, agricultural activity contracted further (-2.8 percent vs -1.7 percent), on account of cash crops (-7.2 percent) and food crops (-13.3 percent) amid a severe drought. On a seasonally adjusted quarterly basis, the GDP fell 0.2 percent after a downwardly revised 2.9 percent rise in the previous period. source: Uganda Bureau of Statistics

GDP Annual Growth Rate in Uganda averaged 5 percent from 2009 until 2021, 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 July of 2021.

GDP Annual Growth Rate in Uganda is expected to be 1.00 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 4.50 in 12 months time. In the long-term, the Uganda GDP Annual Growth Rate is projected to trend around 4.70 percent in 2022 and 6.30 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Uganda GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.20 0.70 11.70 -8.10 2009 - 2021 percent Quarterly
2016/2017=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-13 10:00 AM Q2 -6% 1% -3%
2021-01-06 11:30 AM Q3 -2.2% -6.3% 1.3%
2021-03-31 10:00 AM Q4 1.6% -0.1% -1.4%
2021-07-01 10:00 AM Q1 6.2% 0.7% 2.1%
2021-10-13 10:00 AM Q2 6.2%
2021-12-17 10:00 AM Q3


News Stream
Uganda GDP Expands the Most in Over a Year
Uganda's economy advanced by 6.2 percent year-on-year in the first quarter of 2021, following a downwardly revised 0.7 percent rise in the previous three-month period. It was the strongest expansion since the last quarter of 2019, boosted by the industrial sector (11.6 percent vs 2.1 percent in Q4), primarily construction (14.2 percent) and services (6.6 percent vs 1.1 percent), of which information & communication (37.1 percent) and public administration (36.8 percent). Conversely, agricultural activity contracted further (-2.8 percent vs -1.7 percent), on account of cash crops (-7.2 percent) and food crops (-13.3 percent) amid a severe drought. On a seasonally adjusted quarterly basis, the GDP fell 0.2 percent after a downwardly revised 2.9 percent rise in the previous period.
2021-07-01
Uganda GDP Bounces Back in Q4
The economy of Uganda advanced 1.6% from a year earlier in the fourth quarter of 2020, following a downwardly revised 0.1% percent contraction in the previous period. The main positive contribution came from the industrial sector which grew 5.9%, above a 4.3% rise in the previous period, mainly boosted by construction (10.1% vs -10.2% in Q3); manufacturing (3.6% vs 3.4%)) and mining (12.9% vs 53.2%). The agricultural activity also gained momentum (3.1% vs 1.7%), supported by cash crops (14.6% vs -1.8%); livestock (7.7% vs 7.5%) and food crops (2% vs 4.2%). Meanwhile, the services sector continued to shrink although at a softer pace (-2.6% vs -4.6%), in particular food & accommodation services (-16.9% vs -24%); professional, scientific& technical (-55.9% vs -63.3%) and arts, entertainment & recreation (-19.5% vs -51%).
2021-03-31
Uganda Economy Contracts Less in Q3
The economy of Uganda shrank 2.2% from a year earlier in the third quarter of 2020, following an upwardly revised 6.3% contraction in the previous period, amid the further easing of COVID-19 restrictions. The industrial sector grew 4.3%, reversing a 8.8% plunge in Q2, driven by mining & quarrying (55.1% vs -30.1%); manufacturing (3% vs -11.5%); electricity (3.5% vs -6.8%) and water supply (4.3% vs 3.9%). Meanwhile, the services sector fell 6.2%, after slumping 5.5% in Q2, dragged down by professional, scientific & technical activities (-63.2% vs -39.7%); arts, entertainment & recreation (-50.7% vs -40.6%); accommodation & food services (-24.2% vs -45.5%) and education (-20.4% vs -8.3%).The agricultural sector also went down slightly (-0.2% vs 2.5%), due to lower output of food crops (-0.1% vs 4.7%) and forestry (-7.7% vs -3.3%).
2021-01-06
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 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).