Uganda | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.20 1.3 0.95 1.6 0.7 1.7 percent [+]
Unemployment Rate 3.80 4.55 4.55 3.72 3.55 3.36 percent [+]
Inflation Rate 6.70 6.9 7 7.2 7.8 8 percent [+]
Interest Rate 11.50 13 13 13 13 10 percent [+]
Balance of Trade -192.30 -187 -187 -187 -187 -187 USD Million [+]
Government Debt to GDP 34.40 34.32 34.06 33.8 33.53 31.51 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3585.00 3618 3654 3689 3761 4298 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.20 1.3 0.95 1.6 0.7 1.7 percent [+]
GDP Annual Growth Rate 1.75 4.4 4.1 3.9 4.3 5.9 percent [+]
GDP 21.15 28.04 27.69 27.34 26.99 28.53 USD Billion [+]
Gross Fixed Capital Formation 20429.00 17600 18600 19700 21000 39600 UGX Billion [+]
GDP per capita 672.81 676 679 683 686 743 USD [+]
GDP per capita PPP 1738.46 1722 1730 1738 1746 1884 USD [+]
GDP Constant Prices 14026.71 14378 14556 14740 14924 17145 UGX Billion [+]
GDP From Agriculture 3732.52 3278 2563 3667 3203 3229 UGX Billion [+]
GDP From Construction 895.25 893 902 897 904 901 UGX Billion [+]
GDP From Manufacturing 1094.17 1115 1124 1103 1115 1119 UGX Billion [+]
GDP From Mining 213.13 218 221 224 227 261 UGX Billion [+]
GDP From Public Administration 479.78 486 545 492 540 524 UGX Billion [+]
GDP From Services 7512.79 7805 7974 8232 8450 9915 UGX Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.80 4.55 4.55 3.72 3.55 3.36 percent [+]
Population 39.03 39.34 39.66 39.99 40.31 45.74 Million [+]
Wages High Skilled 720000.00 720000 720000 720000 720000 720000 UGX/Month [+]
Employment Rate 47.80 49.57 47.8 46.03 44.26 80.91 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 6.70 6.9 7 7.2 7.8 8 percent [+]
Consumer Price Index CPI 166.20 167 169 171 172 180 Index Points [+]
Food Inflation 11.00 11.74 12.96 13.24 13.33 13.36 percent [+]
Inflation Rate Mom 0.00 0.39 0.48 0.46 0.46 0.46 percent [+]
Import Prices 129.90 128 127 127 127 127 Index points [+]
Producer Prices 285.30 288 288 288 288 288 Index Points [+]
Producer Prices Change 2.40 1.99 1.59 1.71 1.78 1.75 percent [+]
Export Prices 177.49 178 178 178 178 178 Index points [+]
Core Consumer Prices 160.80 162 164 165 166 170 Index Points [+]
Core Inflation Rate 5.30 5.59 5.85 6.2 6.49 6.41 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 11.50 13 13 13 13 10 percent [+]
Money Supply M2 13102.10 13526 13729 13781 13868 13930 UGX Billion [+]
Money Supply M3 18807.70 19293 19428 19487 19513 19539 UGX Billion [+]
Foreign Exchange Reserves 3041.33 3051 3049 3051 3050 3051 USD Million [+]
Loans to Private Sector 12056.65 12288 12516 12741 12961 15337 SHS Billion [+]
Deposit Interest Rate 12.76 10.83 11.21 11.58 11.95 12.61 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -192.30 -187 -187 -187 -187 -187 USD Million [+]
Exports 248.45 253 257 256 257 257 USD Million [+]
Imports 440.80 439 438 438 438 438 USD Million [+]
Current Account -382.70 -428 -372 -378 -401 -395 USD Million [+]
Current Account to GDP -9.10 -7.5 -7.16 -6.83 -6.5 -7.09 percent [+]
Terms of Trade 136.63 133 130 128 126 123 Index Points [+]
Tourist Arrivals 1266.00 1357 1366 1375 1384 1583 Thousand [+]
Terrorism Index 4.33 4.38 4.34 4.3 4.26 4.24 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 34.40 34.32 34.06 33.8 33.53 31.51 percent [+]
Government Budget -3.60 -3.41 -3.35 -3.29 -3.23 -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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 54.28 59.6 58 57.2 56 57.7 [+]
Leading Economic Index 0.41 0.4 0.39 0.39 0.4 0.39 percent [+]
Ease of Doing Business 115.00 122 122 122 122 124 [+]
Corruption Index 25.00 24 24 24 24 25 Points [+]
Corruption Rank 151.00 142 141 139 138 129 [+]
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 113.00 115 115 115 115 108 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Private Sector Credit 12072676.00 12165574 12223766 12252516 12266767 12282301 UGX Million [+]
Consumer Spending 41230.02 43063 43521 43980 44438 50395 UGX billion [+]
Consumer Credit 1994156.68 1993646 1993940 2012050 1997449 1997592 SHS Million [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 214.80 223 223 223 224 224 Index Points [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 3/23/2017