Countries
Uganda
Key Economic Indicators
$163.71 billion
$3,273
6.06%
3.32%
2.75%
$53.652 billion (2024 est.)
53 % of GDP
$-4,292,061,818
Economic Overview
low-income, primarily agrarian East African economy; COVID-19 hurt economic growth and poverty reduction; lower oil prices threaten prior sector investments; endemic corruption; natural resource rich; high female labor force participation but undervalued
All Economic Data
Agricultural products
plantains, sugarcane, milk, maize, cassava, sweet potatoes, vegetables, beans, potatoes, tea (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.5% of household expenditures (2023 est.)
On food:
38.6% of household expenditures (2023 est.)
Budget
Expenditures:
$10.043 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$7.616 billion (2023 est.)
Currency
code:
UGX
name:
Ugandan shilling (UGX) [Sh]
Current account balance
$-4,292,061,818
Current account balance 2021:
-$3.605 billion (2021 est.)
Current account balance 2022:
-$4.064 billion (2022 est.)
Current account balance 2023:
-$3.766 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$20.53 billion
Debt - external 2023:
$10.469 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Ugandan shillings (UGX) per US dollar -
Exchange rates 2020:
3,718.249 (2020 est.)
Exchange rates 2021:
3,587.052 (2021 est.)
Exchange rates 2022:
3,689.817 (2022 est.)
Exchange rates 2023:
3,726.14 (2023 est.)
Exchange rates 2024:
3,757.263 (2024 est.)
Exports
$9.03 billion
Exports 2021:
$6.231 billion (2021 est.)
Exports 2022:
$6.116 billion (2022 est.)
Exports 2023:
$9.084 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, coffee, fish, refined petroleum, tobacco (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
India 21%, UAE 16%, Hong Kong 10%, South Sudan 8%, Kenya 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$3.26 billion
GDP - composition, by end use
Exports of goods and services:
16.9% (2024 est.)
Government consumption:
10% (2024 est.)
Household consumption:
66.3% (2024 est.)
Imports of goods and services:
-24.6% (2024 est.)
Investment in fixed capital:
21.5% (2024 est.)
Investment in inventories:
0.8% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
24.7% (2024 est.)
Industry:
24.9% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
43.1% (2024 est.)
GDP (official exchange rate)
$53.652 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,078
Gini Index coefficient - distribution of family income
42.8 (2016)
Gini Index coefficient - distribution of family income 2019:
42.7 (2019 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$52.62 billion
GNI per capita
$1,020
Gross domestic investment
22 % of GDP
Household income or consumption by percentage share
Highest 10%:
34.5% (2019 est.)
Lowest 10%:
2.4% (2019 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$13.96 billion
Imports 2021:
$10.62 billion (2021 est.)
Imports 2022:
$11.079 billion (2022 est.)
Imports 2023:
$13.853 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, gold, plastics, packaged medicine, palm oil (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 19%, UAE 12%, Tanzania 11%, India 10%, Kenya 7% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
4.9% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
sugar processing, brewing, tobacco, cotton textiles; cement, steel production
Inflation rate (consumer prices)
3.32%
Inflation rate (consumer prices) 2022:
7.2% (2022 est.)
Inflation rate (consumer prices) 2023:
5.4% (2023 est.)
Inflation rate (consumer prices) 2024:
3.3% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
22.829 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
23.39 million persons
Labor force - by occupation
agriculture:
64.85%
industry:
7.3%
services:
27.85%
Population below poverty line
20.3% (2019 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
53 % of GDP
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2023:
53.1% of GDP (2023 est.)
Real GDP (purchasing power parity)
$163.71 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$128.923 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$135.803 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$144.137 billion (2024 est.)
Real GDP growth rate
6.06%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.6% (2022 est.)
Real GDP growth rate 2023:
5.3% (2023 est.)
Real GDP growth rate 2024:
6.1% (2024 est.)
Real GDP per capita
$3,273
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$2,700 (2022 est.)
Real GDP per capita 2023:
$2,800 (2023 est.)
Real GDP per capita 2024:
$2,900 (2024 est.)
Remittances
$1.43 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
2.9% of GDP (2021 est.)
Remittances 2022:
2.7% of GDP (2022 est.)
Remittances 2023:
2.9% of GDP (2023 est.)
Reserves of foreign exchange and gold
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2016:
$3.098 billion (2016 est.)
Reserves of foreign exchange and gold 2017:
$3.721 billion (2017 est.)
Reserves of foreign exchange and gold 2018:
$3.359 billion (2018 est.)
Revenue (excl grants)
14 % of GDP
Tax revenue
13 % of GDP
Taxes and other revenues
13% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
2.75%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
2.9% (2022 est.)
Unemployment rate 2023:
2.8% (2023 est.)
Unemployment rate 2024:
3% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
5.5% (2024 est.)
Male:
3.5% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
4.5% (2024 est.)
World Bank Indicators
Currency
Ugandan shilling (UGX) Sh (2025)
Gini Index
42.80 (2016)
Languages
English, Swahili (2025)
Economic Rankings
Gini Index
#46
External Debt
#48
GDP Growth Rate
#61
GDP (PPP)
#83
GDP (Nominal)
#88
Imports
#110
Reserves
#113
Exports
#119
Inflation Rate
#122
Unemployment Rate
#150
GDP per Capita
#173
Quick Facts
Industries
sugar processing, brewing, tobacco, cotton textiles; cement, steel production
Agricultural products
plantains, sugarcane, milk, maize, cassava, sweet potatoes, vegetables, beans, potatoes, tea (2023)
Labor force
22.829 million (2024 est.)
Exports - partners
India 21%, UAE 16%, Hong Kong 10%, South Sudan 8%, Kenya 6% (2023)
Imports - partners
China 19%, UAE 12%, Tanzania 11%, India 10%, Kenya 7% (2023)
Exchange rates
Ugandan shillings (UGX) per US dollar -
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