Uganda: Gross domestic product (GDP) in current prices from 1986 to 2026* (in billion U.S. dollars)
| Characteristic | Gross domestic product in billion U.S. dollars |
|---|---|
| 2020 | 38.14 |
| 2019 | 38 |
| 2018 | 34.22 |
| 2017 | 31.4 |
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.) $2,752 (PPP, 2020 est.) |
Is Uganda a poor country 2020?
Of the 27 countries worldwide currently ranked by World Bank as Low Income Economies, indicating they are the very poorest countries in the world, 23 are located in Africa.
Poorest Countries in Africa 2021.
| Country | Uganda |
|---|---|
| GNI per Capita, PPP ($int’l.) | $2,260 |
| Data Year | 2020 |
| Area | 241,550 km² |
| 2021 Population | 47,123,531 |
What is Africa’s GDP?
$2.6 trillion
As of 2019, approximately 1.3 billion people were living in 54 countries in Africa. Africa is a resource-rich continent.
Economy of Africa.
| Statistics | |
|---|---|
| GDP | $2.6 trillion (Nominal; 2019) $6.7 trillion (PPP; 2019) |
| GDP growth | 3.7% |
| GDP per capita | $1,970 (2020; 6th) |
| Millionaires (US$) | 140,000 (0.011%) |
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.
Who does Uganda owe?
China also owns about 20% of Uganda’s debt, equivalent to about $1.6 billion. The Ugandan ambassador to China is Crispus Kiyonga. The Chinese ambassador to Uganda is Zheng Zhuqiang.
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.
Which African country is the richest?
Mauritius
On a wealth per capita basis, Mauritius is the wealthiest country in Africa, according to a new report by Mauritius-based AfrAsia Bank and wealth intelligence firm New World Wealth. Mauritius had about 1.6 million inhabitants in 2020, compared to SA at 59.31 million.
Which tribe is the poorest in Uganda?
Distribution of Uganda’s Poor.
When it comes to were the poor are most found, Karamoja has the highest percentage of poor people at 74%. This is followed by West Nile at 42%, then Lango and Acholi at 35%, Eastern with 24.7%, Busoga with 24.3%, Bunyoro, Tooro and Rwenzori with 9.8%,; Ankole and Kigezi with 7.6%.
Is Uganda a bad place?
Regional Security, Terrorism and Organized Crime
While Uganda is generally viewed as a safe, secure and politically stable country within the region, its extensive and porous borders are inadequately policed, allowing for a robust flow of illicit trade and immigration.
Which country has the best economy in Africa 2021?
Richest African Countries by GDP
- Nigeria – $514.05 billion.
- Egypt – $394.28 billion.
- South Africa – $329.53 billion.
- Algeria – $151.46 billion.
- Morocco – $124 billion.
- Kenya – $106.04 billion.
- Ethiopia – $93.97 billion.
- Ghana – $74.26 billion.
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?
Uganda has several world known landmarks. The World’s longest River (The Nile) traces her source in the Lake Victoria in Jinja.Uganda is also one of the three countries that share the Lake Victoria. The Lake Victoria is not only the largest lake in Africa but also the second largest in the world.
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).
How much money does Uganda owe America?
In 2019, the national debt of Uganda amounted to around 14.69 billion U.S. dollars.
Uganda: National debt from 2016 to 2026 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| – | – |
How bad is Uganda’s economy?
Real GDP declined by 0.5% in 2020, after growing 7.5% in 2019. Tourism and hospitality were severely hurt by global travel restrictions and local containment measures. Other sectors that were adversely affected include manufacturing, retail and wholesale trade, and education.
Is Uganda a South African?
Uganda is located in eastern Africa, west of Kenya, south of South Sudan, east of the Democratic Republic of the Congo, and north of Rwanda and Tanzania. It is in the heart of the Great Lakes region, and is surrounded by three of them, Lake Edward, Lake Albert, and Lake Victoria.
How does Uganda earn money?
Agriculture, forestry, and fishing
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.Two important cash crops for export are coffee and cotton.
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 is the most profitable crop in Uganda?
Sugar
Sugar is by far Uganda’s most profitable crop.
