Overview of the Ugandan Economy


Kampala City

Credit: Photo/Newvision

 

   Size and Structure of the Economy

Uganda’s economy is made up of the Agriculture 24.2%; Industry 25.5%; and Services 50.3% sectors. The Agricultural sector includes Fisheries, Animal Husbandry, Dairy, and Crop sub-sectors. While the Industrial sector includes Manufacturing, Construction, and Electricity Supply sub-sectors; the Services sector is made up of Wholesale and Retail trade, Telecommunications, Hotels and Restaurants, Transport and Communications and Tourism sub sectors. Uganda has sustained economic growth at an average rate of 7% per annum. The economic trends are summarized in the graphs below.


Graphical Analysis of Key Economic Ratios And Long-Term Trends

Source: World Bank

Graphical Analysis of Export Trends


Source: World Bank

  Graphical Analysis of Gross Domestic Product Trends


Source: World Bank


Macro-economic Policy framework

Uganda has a good macro-economic policy framework. The key aspects of this macro-economic policy framework includes;

  1. Foreign Exchange liberalization
  2. Privatisation
  3. Public Private Partnerships

Medium Term Development Plan Priorities

Uganda’s vision is to have “A transformed Ugandan society from a peasant to a modern and prosperous country within 30 years”. This implies changing from a predominantly peasant low income to a middle income country within 30 years. It is envisaged that Uganda will graduate to the middle income segment by 2017.