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 Economy of Uganda

Minister of Finance
Hon. Dr. Ezra Suruma

Uganda economy is stirred by Hon. Dr Ezra Suruma.  The friendly citizens of Uganda have substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper and cobalt. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues.

The government has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. The economy turned in a solid performance based on continued investment in the rehabilitation of infrastructure, improved incentives for production and exports, reduced inflation and improved domestic security.

Facts on the Economy of Uganda

 

GDP (purchasing power parity) of Uganda:
$48.73 billion (2005 est.)
GDP (official exchange rate) of Uganda:
$7.909 billion (2005 est.)
GDP of Uganda - real growth rate:
4% (2005 est.)
GDP of Uganda - per capita (PPP):
$1,800 (2005 est.)
GDP of Uganda- composition by sector:
agriculture: 31.1%
industry: 22.2%
services: 46.9% (2004 est.)
Labor force in Uganda:
13.17 million (2005 est.)
Labor force - by occupation in Uganda:
agriculture: 82%
industry: 5%
services: 13% (1999 est.)
Unemployment rate:
NA%
Population of Uganda below poverty line:
35% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: 4%
highest 10%: 21% (2000)
Distribution of family income - Gini index:
43 (1999)
Inflation rate in Uganda (consumer prices):
9.7% (2005 est.)
Investment (gross fixed):
23.4% of GDP (2005 est.)
Budget of Uganda:
revenues: $1.845 billion
expenditures: $1.904 billion; including capital expenditures of $NA (2005 est.)
Public debt of Uganda:
62.8% of GDP (2005 est.)
Agriculture products in Uganda:
coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry
Industries in Uganda:
sugar, brewing, tobacco, cotton textiles; cement, steel production
Industrial production growth rate:
9% (2005 est.)
Electricity  production of Uganda:
1.729 billion kWh (2003)
Electricity - production by source:
fossil fuel: 0.9%
hydro: 99.1%
nuclear: 0%
other: 0% (2001)
Electricity - consumption:
1.448 billion kWh (2003)
Electricity - exports:
160 million kWh (2003)
Electricity - imports:
0 kWh (2003)
Oil production by Uganda:
0 bbl/day (2003 est.)
Oil consumption of Ugandans:
10,000 bbl/day (2003 est.)
Oil exports by Uganda:
NA bbl/day
Oil imports of Uganda:
NA bbl/day
Natural gas - production:
0 cu m (2003 est.)
Natural gas - consumption:
0 cu m (2003 est.)
Current account balance:
$-339 million (2005 est.)
Exports by Ugandans:
$768 million f.o.b. (2005 est.)
Exports commodities of Ugandans:
coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold
Exports partners of Ugandans:
Kenya 15.4%, Netherlands 11%, Belgium 9.3%, France 4.5%, Germany 4.5%, Rwanda 4.1%, US 4% (2004)
Imports by Uganda:
$1.608 billion f.o.b. (2005 est.)
Imports commodities:
capital equipment, vehicles, petroleum, medical supplies; cereals
Imports partners of Uganda:
Kenya 32.3%, UAE 7.3%, South Africa 6.5%, India 5.8%, China 5.6%, UK 5%, US 4.8%, Japan 4.8% (2004)
Reserves of foreign exchange and gold:
$1.45 billion (2005 est.)
Debt of Uganda external:
$4.949 billion (2005 est.)
Economic aid - recipient:
$959 million (2003)
Currency of Uganda(code):
Ugandan shilling (UGX)
Currency code of Uganda:
UGX
Exchange rates of Ugandan Shilling:
Ugandan shillings per US dollar - 1,780.7 (2005), 1,810.3 (2004), 1,963.7 (2003), 1,797.6 (2002), 1,755.7 (2001)
Fiscal year:
1 July - 30 June