Global Macro Expert
Beta Siller Advisory

Macro

Uganda

Sub-Saharan Africa · Low income · IMF WEO April 2026 · World Bank WDI

GDP▲ 15.7%
Current prices2025
66USD bn
GDP per capita▲ 12.3%
Current prices2025
1,375USD
Real GDP growth▲ 0.7 pp
Annual change2025
6.7%
Inflation▲ 0.3 pp
Average consumer prices2025
3.6%
Government debt▲ 2.4 pp
General government, gross2025
54.2% of GDP
Current account▲ 1.1 pp
Balance2025
-6.2% of GDP
Population▲ 3.0%
Total2025
48.02million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-1.20.010.41995: 9.2%1996: 6.6%1997: 4.6%1998: 6.1%1999: 8.0%2000: 3.9%2001: 8.8%2002: 7.1%2003: 6.2%2004: 5.8%2005: 10.0%2006: 7.0%2007: 8.1%2008: 10.4%2009: 8.1%2010: 7.5%2011: 7.7%2012: 2.3%2013: 3.9%2014: 5.7%2015: 8.0%2016: 0.2%2017: 6.8%2018: 5.6%2019: 7.6%2020: -1.2%2021: 5.5%2022: 6.2%2023: 5.0%2024: 6.0%2025: 6.7%2026: 7.5% (IMF projection)2027: 8.2% (IMF projection)2028: 7.0% (IMF projection)2029: 6.7% (IMF projection)2030: 6.2% (IMF projection)2031: 5.9% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-0.30.018.71995: 6.8%1996: 7.5%1997: 7.7%1998: 5.8%1999: 5.8%2000: 3.4%2001: 1.9%2002: -0.3%2003: 8.7%2004: 3.7%2005: 8.6%2006: 7.2%2007: 6.1%2008: 12.0%2009: 13.0%2010: 4.0%2011: 18.7%2012: 14.0%2013: 5.5%2014: 4.3%2015: 3.7%2016: 5.2%2017: 5.6%2018: 2.5%2019: 2.1%2020: 2.8%2021: 2.2%2022: 7.2%2023: 5.4%2024: 3.3%2025: 3.6%2026: 4.0% (IMF projection)2027: 4.9% (IMF projection)2028: 4.8% (IMF projection)2029: 5.0% (IMF projection)2030: 5.0% (IMF projection)2031: 5.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %5.56.25.06.06.77.58.27.06.76.2
Inflation, average consumer prices %2.27.25.43.33.64.04.94.85.05.0
GDP, current prices USD bn434752576673808896104
GDP per capita, current prices USD1,0081,0791,1511,2241,3751,4761,5441,6231,7251,813
GDP per capita, PPP Int. USD3,0063,3143,4953,6823,9244,1924,4354,6404,8905,136
General government gross debt % of GDP50.349.950.451.854.255.054.453.953.553.4
General government net lending/borrowing % of GDP-7.8-5.4-4.9-3.9-7.1-5.9-4.9-4.6-5.2-4.6
Current account balance % of GDP-8.4-8.6-7.5-7.3-6.2-3.9-2.7-2.1-1.1-1.3
Population million42.4643.8045.2246.6248.0249.7151.9554.0155.6357.30

Government debt, % of GDP

General government gross debt
0.055.12000: 49%2001: 51%2002: 55%2003: 55%2004: 49%2005: 43%2006: 28%2007: 17%2008: 16%2009: 15%2010: 18%2011: 18%2012: 19%2013: 22%2014: 25%2015: 28%2016: 31%2017: 34%2018: 35%2019: 38%2020: 47%2021: 50%2022: 50%2023: 50%2024: 52%2025: 54%2026: 55% (IMF projection)2027: 54% (IMF projection)2028: 54% (IMF projection)2029: 53% (IMF projection)2030: 53% (IMF projection)2031: 53% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-9.50.00.42000: -4.6%2001: -3.7%2002: -1.8%2003: -0.4%2004: -0.0%2005: 0.4%2006: -2.3%2007: -3.2%2008: -5.5%2009: -4.3%2010: -6.5%2011: -7.6%2012: -5.4%2013: -5.4%2014: -6.2%2015: -5.5%2016: -2.6%2017: -4.8%2018: -6.1%2019: -6.9%2020: -9.5%2021: -8.4%2022: -8.6%2023: -7.5%2024: -7.3%2025: -6.2%2026: -3.9% (IMF projection)2027: -2.7% (IMF projection)2028: -2.1% (IMF projection)2029: -1.1% (IMF projection)2030: -1.3% (IMF projection)2031: -1.4% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199545.313.16.233.3
200525.123.57.045.3
201523.527.117.644.3
202526.124.314.542.1

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method1,120USD2025+31.8%
GNI, Atlas method58USD bn2025+81.8%
Exports of goods and services21.4% of GDP2025+8.6 pp
Imports of goods and services28.8% of GDP2025+3.9 pp
Life expectancy at birth68.5years2024+8.6%
Urban population31.9% of total2025+7.0 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)