Uganda:
Economy

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Other pages in this profile of Uganda:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper and cobalt. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues. Since 1986, the government - with the support of foreign countries and international agencies - has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. During 1990-2001, the economy turned in a solid performance based on continued investment in the rehabilitation of infrastructure, improved incentives for production and exports, reduced inflation, gradually improved domestic security, and the return of exiled Indian-Ugandan entrepreneurs. In 2000, Uganda qualified for enhanced Highly Indebted Poor Countries (HIPC) debt relief worth $1.3 billion and Paris Club debt relief worth $145 million. These amounts combined with the original HIPC debt relief added up to about $2 billion. Growth for 2001-02 was solid, despite continued decline in the price of coffee, Uganda's principal export. Growth in 2003-06 reflected an upturn in Uganda's export markets.
GDP (purchasing power parity)	$52.93 billion (2006 est.)
GDP (official exchange rate)	$8.526 billion (2006 est.)
GDP - real growth rate	5.3% (2006 est.)
GDP - per capita	$1,900 (2006 est.)
GDP - composition by sector	agriculture: 31.4% industry: 24.6% services: 44% (2006 est.)
Labor force	13.58 million (2006 est.)
Labor force - by occupation	agriculture: 82% industry: 5% services: 13% (1999 est.)
Unemployment rate	NA%
Population below poverty line	35% (2001 est.)
Household income or consumption by percentage share	lowest 10%: 2.3% highest 10%: 37.7% (2002)
Distribution of family income - Gini index	45.7 (2002)
Inflation rate (consumer prices)	6.6% (2006 est.)
Investment (gross fixed)	23.4% of GDP (2006 est.)
Budget	revenues: $1.758 billion expenditures: $1.984 billion; including capital expenditures of $NA (2006 est.)
Public debt	19.4% of GDP (2006 est.)
Agriculture - products	coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry
Industries	sugar, brewing, tobacco, cotton textiles; cement, steel production
Electricity - production	1.983 billion kWh (2005)
Electricity - consumption	1.674 billion kWh (2005)
Electricity - exports	170 million kWh (2005)
Electricity - imports	0 kWh (2005)
Oil - production	0 bbl/day (2004 est.)
Oil - consumption	10,890 bbl/day (2004 est.)
Oil - exports	NA bbl/day
Oil - imports	NA bbl/day
Oil - proved reserves	0 bbl (1 January 2006)
Natural Gas - production	0 cu m (2005 est.)
Natural Gas - consumption	0 cu m (2005 est.)
Current account balance	$-130.6 million (2006 est.)
Exports	$1.004 billion f.o.b. (2006 est.)
Exports - commodities	coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold
Exports - partners	Belgium 9.9%, Netherlands 9.4%, France 7.9%, Germany 7.7%, Rwanda 5.6%, Sudan 4.8% (2006)
Imports	$2.249 billion f.o.b. (2006 est.)
Imports - commodities	capital equipment, vehicles, petroleum, medical supplies; cereals
Imports - partners	Kenya 34.1%, UAE 8.5%, China 7.1%, India 5.6%, South Africa 5.4%, Japan 4.2% (2006)
Reserves of foreign exchange and gold	$1.811 billion (2006 est.)
Debt - external	$1.136 billion (2006 est.)
Economic aid - recipient	$1.198 billion (2005)
Currency (code)	Ugandan shilling (UGX)
Exchange rates	Ugandan shillings per US dollar - 1,834.9 (2006), 1,780.7 (2005), 1,810.3 (2004), 1,963.7 (2003), 1,797.6 (2002)
Fiscal year	1 July - 30 June

Uganda: Economy

Uganda:
Economy