$25,995,031,850.
Nominal (current) Gross Domestic Product (GDP) of Uganda is $25,995,031,850 (USD) as of 2017.
Uganda GDP.
| Date | Uganda GDP Change % |
|---|---|
| 2014 | 5.106 |
| 2015 | 5.188 |
| 2016 | 4.781 |
| 2017 | 3.863 |
Contents
What is Uganda’s current GDP 2021?
32.50 USD Billion
GDP in Uganda is expected to reach 32.50 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda GDP is projected to trend around 34.00 USD Billion in 2022, according to our econometric models.
How is Uganda’s economy today?
Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
Economy of Uganda.
| Statistics | |
|---|---|
| GDP growth | 3.9% (2017) 5.9% (2018) 6.1% (2019e) 6.5% (2020f) |
| GDP per capita | $916.156 (nominal, 2020 est.) $2,752 (PPP, 2020 est.) |
Is the economy of Uganda growing?
Growing GDP, not GDP per capita
While the economy has increased from $26bn to $37bn in the decade ending 2020, it’s the only country in East Africa whose GDP per capita has not grown in the past decade.
What is Uganda’s main source of income?
Agriculture
Agriculture accounts for a large share of Uganda’s export earnings and its gross domestic product, as well as providing the main source of income for the vast majority of the adult population. Farmers, working an average of less than 3 acres (1 hectare), provide more than half of the agricultural production.
Why is Uganda called the Pearl of Africa?
Uganda is truly the pearl of Africa because of the abundant biodiversity, color, profusion, brilliant life and its serene beauty. The country has got a variety of things to offer intact everything you might need in the travel world is mist likely to be in Uganda.
What is full GDP?
Economics is no different. Economists use many abbreviations. One of the most common is GDP, which stands for gross domestic product.
What does Uganda produce?
Uganda produces a wide range of agricultural products including: coffee, tea, sugar, livestock, fish, edible oils, cotton, tobacco, plantains, corn, beans, cassava, sweet potatoes, cassava, millet, sorghum, and groundnuts.
What percentage of Uganda’s GDP comes from Kampala?
Kampala is roughly 5% of Uganda’s population, but it generates 22.5% of its GDP; the South Central region comprises 11.4% of Uganda’s population and produces 27.5% of the country’s GDP.
What is the main export of Uganda?
Uganda mostly exports agricultural products (80 percent of total exports). The most important exports is coffee (22 percent of total exports) followed by tea, cotton, copper, oil and fish.
What is the poorest district in Uganda?
Soroti District has one of the highest concentrations of poor people per square kilometre in Uganda, according to new figures from the Uganda Bureau of Statistics (UBS).
Why is Uganda so poor?
Families in Uganda are often large. With the lack of finances and resources, larger families are highly likely to fall below the poverty line. Poor health also reduces a family’s work productivity, causing poverty to be passed down through generations.
What is so special about Uganda?
Although Uganda is home to the Big Five (lion, leopard, rhino, buffalo, and elephant) it also boasts unique wildlife such as tree-climbing lions and the Nile crocodile.Indeed, Uganda’s wetlands and savannah are great habitats for some of the world’s most spectacular birds and wildlife.
What is the largest tribe in Uganda?
Buganda
The Buganda make up the largest ethnic group in Uganda, though they represent only 16.7% of the population. (The name Uganda, the Swahili term for Buganda, was adopted by British officials in 1884 when they established the Uganda Protectorate, centered in Buganda).
What are the 3 types of GDP?
Ways of Calculating GDP. GDP can be determined via three primary methods. All three methods should yield the same figure when correctly calculated. These three approaches are often termed the expenditure approach, the output (or production) approach, and the income approach.
Is a high GDP good or bad?
Increasing GDP is a sign of economic strength, and negative GDP indicates economic weakness.
What is GDP example?
If, for example, Country B produced in one year 5 bananas each worth $1 and 5 backrubs each worth $6, then the GDP would be $35. If in the next year the price of bananas jumps to $2 and the quantities produced remain the same, then the GDP of Country B would be $40.
What is the most profitable crop in Uganda?
Sugar
Sugar is by far Uganda’s most profitable crop.
What does Kenya export to Uganda?
In 2019, Kenya exported $619M to Uganda. The main products exported from Kenya to Uganda were Palm Oil ($63.8M), Coated Flat-Rolled Iron ($42.2M), and Refined Petroleum ($36.1M). During the last 24 years the exports of Kenya to Uganda have increased at an annualized rate of 4.85%, from $199M in 1995 to $619M in 2019.
What does Uganda import most?
Uganda mostly imports oil (24 percent of total imports) followed by pharmaceutical products and capital goods. Uganda’s main import partners are: Kenya, UAE, China and India.
What does Uganda export to USA?
The top export categories (2-digit HS) in 2019 were: aircraft ($29 million), plastics ($16 million), machinery ($16 million), electrical machinery ($12 million), and optical and medical instruments ($5 million).
