GDP Growth

EconomyPolitics & Policy

Uganda’s economy growing but not braced for shocks, says World Bank

Uganda gross domestic product grew faster than initially predicted in the 2018-2019 fiscal year, but the growth is still not fast enough for the government's lower middle-income status and poverty reduction ambitions
The World Bank Headquarters, Washington DC.
Economy

Uganda GDP growth flat on slower taxes on products

Economic growth in Uganda failed to bounce back in the fourth quarter of 2018/2019, after a slowdown in the first three months of 2019, following slower growth in taxes on products and the services sector
A mobile phone mast
Economy

Economy gets off to a slower start in 2019

The Bureau of Statistics says Uganda's economic growth lost some steam in the first three months of 2019, after rebounding in the last two quarters of 2018
African women sorting farm produce.
Economy

IMF sees favourable prospects for Uganda, calls for more social spending

The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
An aerial photo of the Karuma hydropower project
Economy

Uganda economic growth strengthens in last three months of 2018

Uganda's economic growth continued to strengthen in the fourth quarter of 2018, expanding at the fastest rate in five quarters
EconomyInfrastructure

Uganda’s 2017/18 economic growth beats forecasts

Uganda's gross domestic product growth rebounded strongly in the 2017/2018 financial year on the strength of a pick-up in investments and exports, according to the World Bank
A mobile phone mast
Economy

GDP growth slows in Q4

Uganda's economy posted its slowest growth since early 2017 in the three months to the end of June as the trade and repairs sub-sector contracted while expansion in manufacturing and education cooled down.
A mobile money kiosk in downtown Kampala. Credit: Edgar Batte/Uganda Business News
Economy

Uganda’s GDP growth robust at start of 2018

Activity in Uganda's real economy in the first three months of 2018 improved at a healthy rate from the same period a year earlier. But the economy lost a little pace as the annual quarterly GDP growth rate recorded its second straight drop
Economy

Good news for the economy as lending to real estate grows faster

Private sector credit growth improved slightly in April, showing its best year-on-year rate in 24 months, figures published by the central bank show
Construction workers at a construction site
Economy

Economy expected to expand on better weather and increased public investment

Uganda will experience more growth due to rains that have increased agriculture output, a stronger global outlook, and the development of oil infrastructure as the country prepares for commercial petroleum production, the World Bank said on Tuesday
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