GDP Growth
Uganda economy grew at 7.4% in first quarter
Uganda’s economy grew 7.4 per cent in the first quarter of 2025, driven by increased activity in food crop production, trade and repairs, and construction
Fitch cuts GDP forecast on lower government spending, fall in net exports
Economy to grow slower in 2023 than previously expected, as government spending slows and net exports fall, according to global research firm BMI
GDP grew 5.5% in third quarter, driven by output in the industrial sector
Industrial and agricultural sectors expanded at healthy pace compared to previous quarter, while services sector slowed down
Economy surges in second quarter
GDP growth picked up strongly in the second quarter of the year due to increased activity in the mining and quarrying sub-sector and the services sector
Economic growth solid in Q4 2021
Uganda's economy ended 2021 on a high note, its continued expansion in the fourth quarter marking four consecutive quarters of growth and a rebound in full-year growth
A mindset change is best route to broader and resilient growth
The Uganda government must encourage citizens to participate in the national development agenda. It must start by viewing citizens as agents of economic growth and development, not a burden to the government
Uganda’s economy shrinks for the first time in decades in 2020
Uganda’s economy shrank in 2020 for the first time in more than a decade as measures to control the coronavirus pandemic ground several sectors to a halt, figures published on Monday showed
Coronavirus: BoU cuts interest rates, lowers growth forecasts, offers flexibility on bad loans
The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
GDP growth in last quarter of 2019 slows on lower mining output
Economic growth in Uganda slowed down in the last three months of 2019 amid a decline in mining and quarrying output, according to seasonally adjusted estimates from the Uganda Bureau of StatisticsMore GDP Growth
Coronavirus: Uganda restricts travel abroad and public gatherings, to close schools
Uganda will close schools, restrict public gatherings and travel abroad in order to limit the spread of the coronavirus, which has not yet been confirmed in the country, President Yoweri Museveni announced Wednesday in a national address
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
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
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
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
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
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
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.
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
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
