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