Uganda:
Economy

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


Economy - overview	Definition Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper, cobalt, gold, and other minerals. 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. Growth continues to be solid, despite variability in the price of coffee, Uganda's principal export, and a consistent upturn in Uganda's export markets. 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.
GDP (purchasing power parity)	Definition - World rank and map $29.04 billion (2007 est.)
GDP (official exchange rate)	Definition $11.23 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 6.5% (2007 est.)
GDP - per capita	Definition - World rank and map $900 (2007 est.)
GDP - composition by sector	Definition agriculture: 30.2% industry: 24.7% services: 45.1% (2007 est.)
Labor force	Definition 14.02 million (2007 est.)
Labor force - by occupation	Definition agriculture: 82% industry: 5% services: 13% (1999 est.)
Unemployment rate	Definition - World rank and map NA%
Population below poverty line	Definition 35% (2001 est.)
Household income or consumption by percentage share	Definition lowest 10%: 2.3% highest 10%: 37.7% (2002)
Distribution of family income - Gini index	Definition - World rank and map 45.7 (2002)
Inflation rate (consumer prices)	Definition - World rank and map 6.8% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 25.4% of GDP (2007 est.)
Budget	Definition revenues: $2.248 billion expenditures: $2.506 billion; including capital expenditures of $NA (2007 est.)
Public debt	Definition - World rank and map 20.6% of GDP (2007 est.)
Agriculture - products	Definition coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, cut flowers; beef, goat meat, milk, poultry
Industries	Definition sugar, brewing, tobacco, cotton textiles; cement, steel production
Industrial production growth rate	Definition - World rank and map 5.8% (2007 est.)
Electricity - production	Definition - World rank and map 1.983 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 1.674 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 53.4 kWh (2005)
Electricity - exports	Definition 170 million kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 11,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 0.4 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 10,870 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$224 million (2007 est.)
Exports	Definition - World rank and map $1.626 billion f.o.b. (2007 est.)
Exports - commodities	Definition coffee, fish and fish products, tea, cotton, flowers, horticultural products; gold
Exports - partners	Definition Netherlands 10.1%, Belgium 9.7%, Germany 7.9%, France 7.2%, Rwanda 5.6% (2006)
Imports	Definition - World rank and map $2.803 billion f.o.b. (2007 est.)
Imports - commodities	Definition capital equipment, vehicles, petroleum, medical supplies; cereals
Imports - partners	Definition Kenya 31.7%, China 8.6%, UAE 7.7%, India 5.2%, South Africa 5%, Japan 4.8% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $2.1 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $1.498 billion (31 December 2007 est.)
Stock of direct foreign investment - at home	Definition $NA
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $103.4 million (2005)
Economic aid - recipient	Definition $1.198 billion (2005)
Currency (code)	Definition Ugandan shilling (UGX)
Exchange rates	Definition Ugandan shillings per US dollar - 1,685.8 (2007), 1,834.9 (2006), 1,780.7 (2005), 1,810.3 (2004), 1,963.7 (2003)
Fiscal year	Definition 1 July - 30 June

Uganda: Economy

Uganda:
Economy