Economic Growth in Uganda
Uganda's economy recorded an average growth rate of 4.4% in the decade leading up to 2022, above the average 3.0% for Sub-Saharan Africa. In 2022, the real GDP growth was 5.8%. For more GDP information, visit our dedicated page.
Uganda GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Uganda from 2014 to 2023.
Source: Macrobond.
Uganda GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 7.6 | -1.1 | 5.5 | 6.2 | 4.9 |
| GDP (USD bn) | 37.7 | 38.0 | 42.8 | 47.3 | 51.9 |
| GDP (UGX bn) | 140,090 | 141,155 | 153,545 | 174,441 | 193,512 |
| Economic Growth (Nominal GDP, ann. var. %) | 10.4 | 0.8 | 8.8 | 13.6 | 10.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ugandan GDP projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Ugandan GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ugandan GDP projections.
Want to get access to the full dataset of Ugandan GDP forecasts? Send an email to info@focus-economics.com.