Table 163: UGANDA QUICK FACTS
Lt. Gen. Yoweri Kaguta Museveni
241,038 sq. km
Kampala (1.659 million inhabitants – 2011)
Kampala, Gulu, Lira, Mbarara, Jinja, Bwizibwera, Mbale, Mukono, Kasese, Masaka
Bell (on Lake Victoria)
US$54.37 billion (2013)
35.9 million (July 2014)
15.6% of total population (2011)
Rate of Urbanization:
5.74% annual change
Ugandan Shilling (UGX)
Tropical climate, semiarid in northeast
Uganda has substantial natural resources, including fertile soils, regular rainfall, small deposits of copper, gold, and other minerals, and recently discovered oil. Uganda has never conducted a national minerals survey. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues.
In 2013, Uganda saw the consolidation of macroeconomic stability and a gradual recovery of economic activity, with estimates putting annual real gross domestic product (GDP) growth at 5.2%, up from 2.8% in 2012. This recovery in economic activity has benefited from a fiscal and monetary policy stance focused on containing inflationary pressures, while ensuring debt and exchange rate stability, thus providing an enabling macroeconomic environment for growth. Medium-term forecasts indicate a consolidation of these trends with GDP growth reaching 6.6% in 2014 and 7% in 2015, and improvement of the current account balance and a mildly expansionary fiscal policy.
Value chain development is receiving increasing attention in Uganda, as a way of developing production capacities and enhancing value added generation in primary sectors. While Uganda has been relatively successful in tapping into a number of global value chains, such as those for fish, floricultural and horticultural products, growth prospects in these and other key product chains face a number of constraints. These consist of high production costs, including transport and energy costs, as well as weak product-specific policy and institutional frameworks that prevent the provision of adequate support to the development of selected value chains.