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Uganda Economy 2011
https://theodora.com/wfb2011/uganda/uganda_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Uganda Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2011

Economy - overview:
Uganda has substantial natural resources, including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Uganda has never conducted a national minerals survey. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues. Since 1986, the government - with the support of foreign countries and international agencies - has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. Since 1990 economic reforms ushered in an era of solid economic growth based on continued investment in infrastructure, improved incentives for production and exports, lower inflation, better domestic security, and the return of exiled Indian-Ugandan entrepreneurs. Uganda has received about $2 billion in multilateral and bilateral debt relief. In 2007 Uganda received $10 million for a Millennium Challenge Account Threshold Program. The global economic downturn has hurt Uganda's exports; however, Uganda's GDP growth is still relatively strong due to past reforms and sound management of the downturn. Oil revenues and taxes will become a larger source of government funding as oil comes on line in the next few years. Instability in southern Sudan is the biggest risk for the Ugandan economy in 2011 because Uganda's main export partner is Sudan and Uganda is a key destination for Sudanese refugees.

GDP (purchasing power parity):
$41.7 billion (2010 est.)
country comparison to the world: 96

$39.41 billion (2009 est.)
$36.76 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$17.12 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.8% (2010 est.)
country comparison to the world: 42

7.2% (2009 est.)
8.7% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,200 (2010 est.)
country comparison to the world: 208

$1,200 (2009 est.)
$1,200 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 23.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24.5%
[see also: GDP - composition by sector - industry country ranks ]
services: 51.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
15.51 million (2009 est.)
country comparison to the world: 38
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 82%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 13% (1999 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
35% (2001 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 34.1% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
45.7 (2002)
country comparison to the world: 39

37.4 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
20.9% of GDP (2009 est.)
country comparison to the world: 79
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $2.457 billion
[see also: Budget - revenues country ranks ]
expenditures: $2.938 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
20.4% of GDP (2010 est.)
country comparison to the world: 108

20.2% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
9.4% (2010 est.)
country comparison to the world: 196

14.2% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9.65% (31 December 2009)
country comparison to the world: 13

19.42% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
20.96% (31 December 2009 est.)
country comparison to the world: 17

20.45% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.997 billion (31 December 2010 est)

$1.603 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$3.905 billion (31 December 2010 est.)

$3.322 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.882 billion (31 December 2010 est.)
country comparison to the world: 127

$1.716 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA (31 December 2009)

$NA (31 December 2007)
$116.3 million (31 December 2006)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry

Industries:
sugar, brewing, tobacco, cotton textiles; cement, steel production

Industrial production growth rate:
6% (2009 est.)
country comparison to the world: 53
[see also: Industrial production growth rate country ranks ]

Electricity - production:
2.256 billion kWh (2007 est.)
country comparison to the world: 130
[see also: Electricity - production country ranks ]

Electricity - consumption:
2.068 billion kWh (2007 est.)
country comparison to the world: 134
[see also: Electricity - consumption country ranks ]

Electricity - exports:
30 million kWh (2007)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
NA bbl/day
[see also: Oil - production country ranks ]

Oil - consumption:
13,000 bbl/day (2009 est.)
country comparison to the world: 143
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 168
[see also: Oil - exports country ranks ]

Oil - imports:
13,090 bbl/day (2007 est.)
country comparison to the world: 133
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 110
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 116
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 166
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 105
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 119
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 124
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$784 million (2010 est.)
country comparison to the world: 127

-$451 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$2.941 billion (2010 est.)
country comparison to the world: 126

$2.7 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold

Exports - partners:
Sudan 13.47%, Kenya 8.98%, UAE 7.52%, Rwanda 7.5%, Switzerland 7.42%, Democratic Republic of the Congo 6.85%, Netherlands 5.67%, Belgium 5.66%, Germany 5.18%, Italy 4.33% (2009)

Imports:
$4.474 billion (2010 est.)
country comparison to the world: 126

$3.844 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
capital equipment, vehicles, petroleum, medical supplies; cereals

Imports - partners:
Kenya 13.9%, India 12.79%, UAE 11.16%, China 8.91%, South Africa 5.08%, France 4.6%, Japan 4.37%, US 4.07% (2009)

Reserves of foreign exchange and gold:
$3.743 billion (31 December 2010 est.)
country comparison to the world: 80

$2.995 billion (31 December 2009 est.)
note: excludes gold
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.888 billion (31 December 2010 est.)
country comparison to the world: 132

$2.554 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Ugandan shillings (UGX) per US dollar - 2,166 (2010), 2,038.9 (2009), 1,658.1 (2008), 1,685.8 (2007), 1,834.9 (2006)


NOTE: The information regarding Uganda on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Uganda Economy 2011 information contained here. All suggestions for corrections of any errors about Uganda Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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