The economy of Uganda has great potential and appeared poised for rapid economic growth and development. 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%). The Uganda Green Growth Development Strategy recognizes the strong dependence of the economy on natural resources. Uganda’s Gross Domestic Product (gdp) ... Public and private investments are expected to drive up much of the growth, according to the 13th Edition of the Uganda Economic Update. 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. 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%).
World … GDP growth (annual %) - Uganda.
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. 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. GDP in Uganda is expected to reach 30.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. Uganda GDP (Gross Domestic Product) was INT$64.67billion for 2019 in PPP terms. 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. The services sector is the most important sector of Uganda's economy and accounts for around 51 percent of total GDP. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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%). Also, industrial activity lost some steam (6.4% vs 7.1%), hampered by mining (-17.6% vs -20.3%). 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). In the long-term, the Uganda GDP is projected to trend around 32.50 USD Billion in 2021 and 34.00 USD Billion in 2022, according to our econometric models. Uganda is vulnerable to climate change.
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%). Uganda gdp growth rate for 2018 was 6.16%, a 2.26% increase from 2017. 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%). The sector remains vibrant with an average annual growth rate of 20% since 2014. The biggest segments within services are trade & repairs (13 percent); education (8 percent); real estate (5 percent); and finance and insurance (4 percent).
GDP Growth Rate YoY
On a quarterly basis, the GDP grew 1.3% compared to 0.3% in the previous quarter. 2016/2017=100, NSA
80% of Ugandans rely directly on land, agriculture, and fishing for their livelihoods, while 70% of the labour force depends on rain-fed agriculture. On a quarterly basis, the GDP rose 2.5% compared to an upwardly 0.8% advance in Q4. GDP Annual Growth Rate in Uganda averaged 5.37 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 … On a quarterly basis, the GDP shrank 0.7% compared to a 2.3% advance in the previous quarter. Meanwhile, construction activity slowed markedly (0.6% vs 5.4%). Please check your download folder.
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GDP Growth Rate YoY
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%).
10Y. Aggregates are based on constant 2010 U.S. dollars. 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%). Please check your download folder.
TEForecast
GDP Growth Rate YoY
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