Uganda | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 1.1 1.3 1.37 1.6 1.7 percent [+]
Unemployment Rate 3.80 4.55 4.55 4.55 3.47 3.36 percent [+]
Inflation Rate 4.60 4.1 5.1 5.2 5.3 5.2 percent [+]
Interest Rate 14.00 14 13 13 13 10 percent [+]
Balance of Trade -171.20 -201 -202 -202 -202 -202 USD Million [+]
Government Debt to GDP 34.40 33.53 33.24 32.94 32.64 31.51 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 3584.00 3619 3655 3690 3726 4300 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 1.1 1.3 1.37 1.6 1.7 percent [+]
GDP Annual Growth Rate 3.91 4.2 4.4 4.1 3.9 5.9 percent [+]
GDP 26.37 26.99 27.06 27.14 27.21 28.53 USD Billion [+]
Gross Fixed Capital Formation 20429.00 17600 18600 19700 21000 39600 UGX Billion [+]
GDP per capita 673.21 686 690 693 697 743 USD [+]
GDP per capita PPP 1717.83 1746 1754 1762 1771 1884 USD [+]
GDP Constant Prices 13891.08 14571 14868 15069 15364 18568 UGX Billion [+]
GDP From Agriculture 2275.55 3807 2816 2762 2598 1124 UGX Billion [+]
GDP From Construction 882.30 930 868 930 865 918 UGX Billion [+]
GDP From Manufacturing 1065.85 1050 1054 1054 1060 1047 UGX Billion [+]
GDP From Mining 207.94 213 217 219 222 257 UGX Billion [+]
GDP From Public Administration 424.70 444 447 451 454 472 UGX Billion [+]
GDP From Services 6984.79 7303 7263 7069 7185 8169 UGX Billion [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 3.80 4.55 4.55 4.55 3.47 3.36 percent [+]
Population 39.03 40.31 40.64 40.97 41.3 45.74 Million [+]
Wages High Skilled 720000.00 720000 720000 720000 720000 720000 UGX/Month [+]
Employment Rate 47.80 44.26 45.45 46.65 47.84 80.91 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 4.60 4.1 5.1 5.2 5.3 5.2 percent [+]
Consumer Price Index CPI 162.30 164 165 167 168 174 Index Points [+]
Food Inflation 5.10 5.21 5.67 5.7 5.75 5.75 percent [+]
Inflation Rate Mom 0.70 0.46 0.47 0.44 0.45 0.45 percent [+]
Import Prices 126.37 128 128 128 128 128 Index points [+]
Producer Prices 285.30 288 288 288 288 288 Index Points [+]
Producer Prices Change 0.40 1.71 1.98 1.76 1.72 1.76 percent [+]
Export Prices 164.65 164 165 164 164 164 Index points [+]
Core Consumer Prices 157.23 159 160 160 161 163 Index Points [+]
Core Inflation Rate 5.20 5.5 6.57 7.35 7.72 6.91 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 14.00 14 13 13 13 10 percent [+]
Money Supply M2 12519.01 12746 12992 13198 13320 12519 UGX Billion [+]
Money Supply M3 17852.13 17836 17809 17782 17756 17422 UGX Billion [+]
Foreign Exchange Reserves 3073.65 3062 3087 3096 3101 3107 USD Million [+]
Loans to Private Sector 11739.15 11856 11986 12048 12079 12109 SHS Billion [+]
Deposit Interest Rate 12.76 11.95 12.07 12.19 12.31 12.61 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -171.20 -201 -202 -202 -202 -202 USD Million [+]
Exports 243.58 240 240 240 240 240 USD Million [+]
Imports 414.70 437 434 436 436 436 USD Million [+]
Current Account -256.40 -305 -302 -299 -297 -273 USD Million [+]
Current Account to GDP -9.10 -6.5 -6.88 -7.26 -7.64 -7.09 percent [+]
Terms of Trade 130.29 128 125 123 122 119 Index Points [+]
Tourist Arrivals 1266.00 1384 1389 1394 1398 1583 Thousand [+]
Terrorism Index 4.33 4.26 4.26 4.25 4.25 4.24 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 34.40 33.53 33.24 32.94 32.64 31.51 percent [+]
Government Budget -3.60 -3.23 -3.33 -3.43 -3.53 -3.41 percent of GDP [+]
Military Expenditure 339.80 426 459 492 503 388 USD Million [+]
Government Spending 5201.70 6436 6457 6478 6499 6726 UGX billion [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 54.35 59 59.6 58 57.2 57.7 [+]
Leading Economic Index 0.41 0.47 0.48 0.48 0.48 0.48 percent [+]
Ease of Doing Business 115.00 122 122 122 122 124 [+]
Corruption Index 25.00 25.14 25.13 25.12 25.12 25.1 Points [+]
Corruption Rank 139.00 138 137 137 136 129 [+]
Changes In Inventories 197.40 171 171 172 172 173 UGX billion [+]
Competitiveness Index 3.69 3.62 3.62 3.62 3.62 3.59 Points [+]
Competitiveness Rank 113.00 115 115 115 115 109 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Private Sector Credit 11762050.00 11923178 12094197 12184738 12233338 12290567 UGX Million [+]
Consumer Spending 41230.02 43063 43521 43980 44438 50395 UGX billion [+]
Consumer Credit 1824719.04 1818377 1834296 1819311 1834336 1819295 SHS Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 214.80 222 223 223 223 224 Index Points [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 40.00 40 40 40 40 40 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate For Companies 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]





Economic Forecasts for Uganda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uganda economy. 12/11/2016