Like many of its neighbors, the agriculture sector in Uganda plays a dominant role and employs over 65% of the population. As a result, major investments have been made in the agro-processing industry followed by investments in manufacturing and construction, financial services, and petroleum exploration. Uganda has small deposits of copper, gold and other minerals as well as recently discovered oil. This oil could potentially double the government’s revenue in 6-10 years. Uganda’s private sector has expanded significantly and the nation is relatively politically stable. The country’s economic growth rates have increased, by on average 6% each year over the last decade, with the services sector providing roughly half of GDP.
The infrastructure in Uganda is poor, especially the nation’s roads, railways, and electricity and water transportation. The country also suffers from widespread corruption. These issues and others such as a shortage of human capital, a lack of affordable financing, and a relatively unfavorable climate for business, limit Uganda’s economic potential. In spite of this, Uganda has reached its millennium goal of cutting in half the number of extreme poverty cases.
For more details on Doing Business in Uganda, read the Uganda Country Commercial Guide, at this link: Country Commercial Guide.
Population: 35.9 million
GDP (2013 est.): USD 22.6 billion
GDP per capita (2013 est.): USD 626
U.S. Exports to Uganda (2013): USD 121.7 million
Uganda Exports to U.S. (2013): USD 47.1 million
Economic & Commercial Officer
U.S. Embassy Kampala
Tel: +256 (0) 414-306-102
Mobile: =256-(0) 772-138-134