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
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
Africa GDP growth to strengthen in 2018, says World Bank
Economic growth is rebounding in sub-Saharan Africa with the region's GDP projected to expand at the fastest rate since 2015, according to the World Bank
Uganda’s economy grew by 6.6% in final quarter of 2017, says Ubos
A rise in output in the services and industry sectors provided the bulk of the growth in the last three months of 2017 compared to the last quarter of 2016, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
Africa’s growth will be stronger than in 2016, World Bank says
Growth in sub-Saharan Africa will be stronger this year with the rebound led by the region's largest economies, the World Bank said on Wednesday
Taking stock of Uganda’s economy 55 years after independence
Uganda's economy has seen many changes in the past 55 year, affected by periods of political instability, civil war, fluctuating global commodity prices, and various economic reforms. Trends in recent years are positive, but key challenges remain
Uganda’s central bank cuts benchmark rate to 9.5%
Bank of Uganda said on Tuesday that economic activity is picking up and stressed the importance of private sector credit growth as it announced a cut in its policy rate to its lowest level ever
Bank of Uganda puts brakes on monetary easing as economy improves
Before Friday's decision, the Bank of Uganda had reduced its policy lending rate in each of its past eight meetings going back to April 2016
URA misses revenue collection target for 2016/17, but collects Shs1 trillion more
The Uganda Revenue Authority missed its revenue collection target in 2016/17 due to slow economic growth and low import volumes
BoU cuts policy lending rate further to support economic recovery
The central bank's decision to cut its policy lending rate was influenced by the slowdown in economic growth
Uganda’s economy grows at slowest rate in four years
Uganda's economy grew at an annual rate of 3.9% in the 2016/2017 financial year, the slowest rate in four years, with growth in all three main sectors slowing down compared to the previous year.
