Uganda Gdp Growth Rate

The Gross Domestic Product (GDP) in Uganda expanded 2.30 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Uganda is reported by the Uganda Bureau of Statistics. GDP Growth Rate in Uganda averaged 1.72 percent from 2005 until 2013, reaching an all time high of 6.10 percent in the third quarter of 2008 and a record low of -2.70 percent in the second quarter of 2008. Although abundant in natural resources, Uganda is one of the poorest countries in the world. After years of civil wars and mismanagement the country is finally recovering from the state of economic despair. In recent years, with help of foreign donors, the government stabilized the economy and increased investments on education and infrastructure. Those efforts in long term may boost Uganda’s development and create jobs for the fast growing population. This page provides - Uganda Gdp Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.30 1.00 6.10 -2.70 1.28 | 2014/03 2005 - 2013 percent Quarterly

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Uganda Gdp Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 19.80 2012-12-31 16.81 19.80 0.42 21.97 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 6.90 2013-12-31 4.80 12.60 0.40 5.82 2014-03-31 Percent [+]
GDP per capita 405.40 2012-12-31 405.33 405.40 179.09 412.25 2014-06-30 USD [+]
GDP per capita PPP 1165.01 2012-12-31 1164.81 1165.01 514.67 1184.70 2014-06-30 USD [+]
GDP Growth Rate 2.30 2013-12-31 1.00 6.10 -2.70 1.28 2014-03-31 percent [+]
Gross Fixed Capital Formation 13514.00 2012-06-29 12211.00 13514.00 1160.00 16063.57 2014-06-30 UGX Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Uganda Imports at 510.90 USD Million  
Imports in Uganda increased to 510.90 USD Million in February of 2014 from 485.60 USD Million in January of 2014. Imports in Uganda is reported by the Bank of Uganda.
Uganda Consumer Price Index (CPI) at 216.20 Index Points  
Consumer Price Index (CPI) in Uganda increased to 216.20 Index Points in March of 2014 from 213.80 Index Points in February of 2014. Consumer Price Index (CPI) in Uganda is reported by the Uganda Bureau of Statistics.
Uganda Gross Fixed Capital Formation at 13514.00 UGX Billion  
Gross Fixed Capital Formation in Uganda increased to 13514 UGX Billion in 2012 from 12211 UGX Billion in 2011. Gross Fixed Capital Formation in Uganda is reported by the Bank Of Uganda.
Uganda Tourist Arrivals at 1197.00 Thousand  
Tourist Arrivals in Uganda increased to 1197 Thousand in 2012 from 1151 Thousand in 2011. Tourist Arrivals in Uganda is reported by the SESRTCIC .
Uganda Balance of Trade at -224.20 USD Million  
Uganda recorded a trade deficit of 224.20 USD Million in February of 2014. Balance of Trade in Uganda is reported by the Bank of Uganda.
Uganda Current Account at -257.10 USD Million  
Uganda recorded a Current Account deficit of 257.10 USD Million in the fourth quarter of 2013. Current Account in Uganda is reported by the Bank of Uganda.
Uganda Exports at 286.70 USD Million  
Exports in Uganda increased to 286.70 USD Million in February of 2014 from 238.82 USD Million in January of 2014. Exports in Uganda is reported by the Bank of Uganda.
Uganda Terms Of Trade at 118.20 Index Points  
Terms Of Trade in Uganda increased to 118.20 Index Points in February of 2014 from 103.10 Index Points in January of 2014. Terms Of Trade in Uganda is reported by the Bank of Uganda.
Uganda Loans To Private Sector at 8652.70 SHS Billion  
Loans To Private Sector in Uganda increased to 8652.70 SHS Billion in February of 2014 from 8567.90 SHS Billion in January of 2014. Loans To Private Sector in Uganda is reported by the Bank of Uganda.
Uganda Business Confidence at 58.77 Index Points  
Business Confidence in Uganda decreased to 58.77 Index Points in March of 2014 from 61.18 Index Points in February of 2014. Business Confidence in Uganda is reported by the Bank of Uganda.
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