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ECON FACTBOOK

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Economy of Uganda

Population: 38 million in 20131

GDP: $21 billion in 20132

GDP per capita: $572 nominal3 ($1,410 PPP4) in 2013

GDP growth rate: 6.0% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing4,16724.3%
Wholesale, retail trade, restaurants and hotels4,03523.5%
Other activities3,52520.5%
Construction2,40214.0%
Manufacturing1,5318.9%
Transport, storage and communication8194.8%
Mining and utilities6824.0%
Total value added17,162100%

Employment

Unemployment rate: 3.8% in 20137

Employment by Industry 19998

Employment sectorPercent of total
Agriculture82%
Services13%
Industry5%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $12 billion (57% of GDP) in 201410

Household Wealth per Adult: $789 in 201410

Gini Coefficient: .443 in 201311

Government

Central Government

Central Government Revenue: $3.2 billion (15% of GDP) in 201312

Central Government Expenditure: $3.8 billion (18% of GDP) in 201312

Central Government Budget Balance: -$0.6 billion (-3% of GDP) in 201312

Central Government Public Debt: $6.5 (31% of GDP) in June 201313

Central Government 10 Year Bond Interest Rate: 14.8% in Jan 201514

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 30% in 201416

* Individual thresholds calculated using the exchange rate 2,861 UGX = 1 USD

Monetary Policy

Money Supply (M1): $1.6 billion (8% of GDP) in Dec 2014* 17

Benchmark Interest Rate: Central Bank Rate = 11% in Feb 201518

Total Reserves: $3.0 billion (14% of GDP) in 201319

Exchange Rate: 2,861 Ugandan Shillings = 1 U.S. Dollar on Feb 10, 201520

Inflation: 5.5% in 201321

* Money supply calculated using the exchange rate 2,861 UGX = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $3.2 billion (15% of GDP) in 201323

Imports: $4.9 billion (23% of GDP) in 201323

Trade Balance: -$1.7 billion (-8% of GDP) in 201323

Foreign Direct Investment Inflow: $1.2 billion (6% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.7 billion (8% of GDP) in 201225

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: The East African (Public debt) Go back
14. Source: Central Bank of Uganda (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Bank of Uganda, Statistics, Monthly Macroeconomic Indicators (Money supply) Go back
18. Source: Bank of Uganda (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back