Uganda


Uganda Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Uganda; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Uganda
International Reserves US$ 2.617 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 19.399 billion (2010 estimate)
GDP (Purchasing Power Parity) 48.918 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
5.2% 8.7% 6.5% 6.8% 6.3% 10.8% 8.4% 8.8%
2009 2010 2011 2012*
7.2% 5.9% 6.7% 4.2%

*Estimate

GDP per capita - current prices US$ 532 (2010 estimate)
GDP per capita - PPP $1,341 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.03% 0.03% 0.04% 0.06% 0.06%

**Forecast

GDP - composition by sector
  • agriculture: 21.8% 
  • industry: 26.1% 
  • services: 52.1% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
14.2%(2008) 9.4% 6.5% 23.4%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
22.5% 22.2% 23.3% 29.2% 29.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-2.8% -2.4% -4.7% -7.2% -4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$3.745 billion US$1.788 billion US$7.727 billion
Largest companies in Uganda N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -2.4 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -12.5% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

24% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.03% (2011)(2007)

(Data were released in 2012)

Total exports US$2.735 billion (2012 estimate) 
Export commodities coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold
Total imports US$5.528 billion (2012 estimate) 
Import commodities capital equipment, vehicles, petroleum, medical supplies; cereals
Exports - major partners Sudan 15%, Kenya 10%, Rwanda 8.3%, UAE 7.8%, Democratic Republic of the Congo 7.6%, Netherlands 6%, Germany 5.7% (2011)
Imports - major partners Kenya 15.3%, UAE 14.4%, India 9.5%, China 9.5%, South Africa 5.6%, Japan 4.5% (2011)
FDI inflows
2009 2010 2011
US$842 million US$544 million(2009) US$792 million(2009)
FDI outflows
2009 2010 2011
N/A US$-3 million N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) US$257 million(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 120 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 144 out of 185 countries(2009)

Enforcing Contracts: 117 out of 185 countries

Registering Property: 124 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 139 out of 185 countries

Trading across border: 159 out of 185 countries

Paying Taxes: 93 out of 185 countries

Dealing with Construction Permits: 118 out of 185 countries

Getting Electricity: 127 out of 185 countries

Resolving Insolvency: 69 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
123

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 78 Score: 61.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 241,038 km2 (2006)
Capital Kampala (2009)
Currency Ugandan shillings (UGX) (2009)
Government type republic (2009)
Languages English (official national language, taught in grade schools, used in courts of law and by most newspapers and some radio broadcasts), Ganda or Luganda (most widely used of the Niger-Congo languages, preferred for native language publications in the capit
Religions Roman Catholic 41.9%, Protestant 42% (Anglican 35.9%, Pentecostal 4.6%, Seventh Day Adventist 1.5%), Muslim 12.1%, other 3.1%, none 0.9% (2002 census)
Total population
1980 1990 2000 2012* 2017**
12.66 million 17.73 million 24.43 million 35.65 million 41.93 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
4.4% 7.5% 12.1% 15.6%
Population median age 16 years (2010)
Population growth rate 3.2% (2011)
Life expectancy 54 years (2010)
Adult literacy 73% (2005/2010)
% of population living on less than $2 a day 64.48% (2011)
Inequality of wealth distribution (Gini index)

44.3 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

49.73% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 13.01% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Kampala: 202nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1075 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Middle East, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Stanbic Bank Uganda (Global, 2012)
2011:
  • COUNTRY WINNERS Stanbic Bank Uganda (Global, 2011)
2010:
  • COUNTRY WINNERS Stanbic Bank Uganda (Global, 2010)
2009:
  • COUNTRY WINNERS Stanbic Bank Uganda (Global, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE