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Uganda Uganda

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Uganda – Quick View
ECR score35.77 (Mar 2011)
ECR rank113 (Mar 2011)
Economic
GDP 2010USD 15.77 billion
GNI per capita PPP 2010USD 1,224
FDI inflow 2010USD 654.40 million
Inflation 20104.2%
Central bank assets 2010USD 4,602.92 million
Unemployment rate 200736%
Government deficit 2010USD 0.47 billion
Tax revenue 2010USD 2,138.67 million
Political
Government typeDemocratic
Recent political crisisNA
Economic freedom score 201180th
Freedom of information score 201096th
Corruption perception index 2010127th
Structural
Crude birth rate 200946%
Population balance 2009Under 14 - 49%
Population balance 2009Over 64 - 3%
Life expectancy years 2010Male - 51.8
Life expectancy years 2010Female - 53
Mortality rate 2008135 per ‘000
Literacy rate 201076.4%
Internet access 20109.6%

[Top] Economic Overview

Uganda has an agricultural economy, which employes over 80% of the work force. Coffee is one of the largest export products of Uganda. The nation has a considerable amount of natural resources with small deposits of copper, gold, and other minerals. The country’s major export partner is Sudan.

(Source: Theodora)

Gross domestic product (GDP)

Uganda’s GDP in 2009/10 was UGX 34,580 billion, compared to UGX 30,101 billion in 2008/09.

Uganda GDP

(Source: Bank of Uganda)

GDP growth

GDP growth rate in 2009-10 was 5.8%, compared to 7.2% in 2008-09.

Uganda GDP Growth Rate

(Source: Bank of Uganda)

GNI per capita at PPP

The GNI per capita at PPP in 2010 was USD 1,224, compared to USD 951 in 2005.

 Uganda GNI per capita at PPP

(Source: UNDP)

Income tax rate

Income tax rate in Uganda is 30%.


Tax rate for individuals (UGX)

Tax rate

0 - 1,560,000

Nil

1,560,000 - 2,820,000 

10%

2,820,000 - 4,920,000

UGX 126,000 + 20%

Over 4,920,000

UGX 546,000 + 30%

(Source: taxrates.cc)

Corporate tax

In Uganda, standard corporate tax is 30%.

(Source: taxrates.cc)

Inflation rate

The inflation rate in Uganda shows unsteady fluctuations, varying from a high of 12.5% in 2008, to a low of -2.5% in 2002.

Uganda Inflation Rate

(Source: Bank of Uganda)

FDI inflow

From 2005 to 2008, FDI inflow increased from USD 337.61 million to USD 760.58 million. However, the country’s FDI inflow dipped after 2008 and was recorded at USD 666.31 million in 2009, and USD 654.4 million in 2010.

Uganda FDI Net Inflows

Source: Bank of Uganda)

Portfolio investment inflow

Uganda Portfolio Investment Inflow

(Source: Bank of Uganda)

Banking sector assets

The table below shows the assets of Bank of Uganda:

 

Assets of Bank of Uganda (UGX million)

 

June 2010

June 2009

Total foreign assets

6,367,550

5,724,014

Total domestic assets

3,720,702

3,160,474

Total assets

10,088,252

8,884,488

 
(Source: Bank of Uganda)

[Top] Financial Indicators & Government Financial

Consumer price index (CPI)

The deficit in 2010 was projected to be UGX 1,040.8 million.

Uganda Consumer Price Index

(Source: Bank of Uganda)

Interest rates on saving and time deposits

In 2010, the interest rate on saving deposits was 2.10%, while the interest rate on time deposits was 10.5%.
 
Interest Rates

Uganda Interest Rates

(Source: Bank of Uganda)

Money s

Money Supply (UGX billion)

 

June 2010

June 2009

June 2008

Currency In Circulation

1,443.28

1,245.44

1,074.48

Broad Money (M2)

6,411.74

4,920.68

3,895.35

Broad Money (M3)

8,293.16

6,297.59

5,037.85

(Source: Bank of Uganda)

Government expenditure

The Government expenditure in 2010 is projected to be UGX 5,208.02 billion, increasing 24.8% over 2009.

Uganda Government Expenditure

(Source: ubos)

Public debt

In Q2 2010, the domestic public debt was recorded at UGX 1,480,407 million.

Uganda Domestic Public Debt

 

(Source: Bank of Uganda)

Official exchange rate

UGX/USD official exchange rate was recorded at 2,277 in June 2010.

Uganda Exchange Rate
(Source: Bank of Uganda)

Government finances

Fiscal balance

Uganda Fiscal Balance

(Source: ubos)

Total revenue

The country’s total revenue is projected to be UGX 5,653,943 million in 2010.

Uganda Total Revenue
(Source: ubos)

Tax revenue

Uganda’s tax revenue witnessed a steady increase from 2006 to 2010. The country’s tax revenue in 2010 is projected to be UGX 4,687,345 million, as compared to UGX 3,848,335 million in 2009.
Uganda Tax Revenue

(Source: ubos)

Total grants

The country’s total grants in 2010 are projected to be UGX 924.6 billion, as compared to UGX 884.81 billion in 2009.


Uganda Total Grants 

(Source: ubos)

Current account balance

The current account deficit of Uganda is estimated at 6.37% of the GDP.

Uganda Current Account Balance

(Source: IMF)

Balance of payments

Balance of Payments (USD million)

 

2009/10

2008/09

2007/08

Current Account Balance

-1,311.31

-627.54

-367.06

Capital & Financial Account Balance

1,637.78

1,211.8

1,191.72

Overall Balance

326.46

584.26

824.66

 
(Source: Bank of Uganda)

[Top] Labour Force and Employment Overview

Labour force

The labour force of Uganda in 2008 was 13.64 million.

Uganda Labour Force

(Source: World Bank)

Unemployment rate

The country’s unemployment rate for those aged 15-24 in 2003 was 6.3%, and it decreased to 3.4% in 2006.

The youth unemployment rate in 2007 was 36%, and is forecasted to be 20% in 2011-12.

(Source: ubos, finance)

Minimum wages

The minimum wage of Uganda in 2011 is UGX 6,000 per month.

(Source: minimum-wage)

Level of unionisation

The major trade unions in the country include:

·         National Organization of Trade Unions (NOTU)

·         Central Organization of Free Trade Unions (COFTU)

·         Confederation of Labour Unions (COLU)

(Source: africanexecutive.com)

[Top] Political Stability

Government stability

The government consists of three main bodies -

  • The Executive, headed by the President,
  • The Legislative, headed by the Parliament,
  • The Judiciary, headed by the Chief Justice

The parliament in Uganda is unicameral and is comprised of 375 members. Of the 375 members, 238 are directly elected. The remaining 137, who are indirectly elected, include 112 women district representatives, five youth representatives, five representatives of disabled persons, five workers' representatives and 10 representatives of the Uganda People's Defence Forces. All the members of parliament are elected for a term of five years.

The president is the head of the state and also the head of government. The cabinet includes the president, the vice-president, prime minister and other ministers.

(Source: statehouse, IPU, WIPO)

Regulatory environment

The country’s is ranked 80th in the 2011 Index of Economic Freedom with a score of 61.7, making it the 7th freest out of 46 countries in the Sub-Saharan Africa region.

Uganda Economic Freedom Indices

 Corruption perception

The Corruption Perceptions Index (CPI) is a survey to measure the perceived level of corruption across countries worldwide. Uganda is ranked 127th on the index indicating a high level of corruption in public departments.

CPI ranking of the country slipped from 130th in 2009 to 127th in 2010 with a score of 2.5 and confidence range of 2.1 to 2.8.

(Source: transparency.org)

Freedom of information

Uganda is ranked 96th in the World Press Freedom Index 2010, with a score of 25.50. The country’s press system is highly regionalised and newspapers are privately owned.

The country’s media has a high degree of independence. 

Major newspapers in Uganda are:

·         New Vision

·         The Monitor

·         The Observer

 

(Source: BBC, rsf)

Judicial system

The judiciary structure of Uganda includes:

·         Supreme Court

·         Court of Appeal/Constitutional Court

·         High Court

·         Chief Magistrates Courts

·         Grade I Magistrate’s Courts

·         Grade II Magistrate’s Courts

·         The Local Council Courts

·         Family and Children Courts and Land

The administration and supervision of all courts in the country are headed by the Chief Justice.

(Source: judicature)

[Top] Demographic Overview

The total population of Uganda for 2010 was recorded at 33.79 million, increasing 3.2% over 2009.

(Source: UNDP, World Bank)

In 2010, the gender ratio of the country was recorded at 101.7 male births (per 100 female births).  The median age of the population was 15.6 years.

(Source: UNDP)

In 2009, individuals below 14 years of age accounted for 49% of the population, whereas people in aged 65 and above constituted 3%.

(Source: World Bank)

In 2008, the under-five infant mortality rate in Uganda was registered at 135 (per ‘000) and in 2010 the average life expectancy was 54.1 years.  Specifically, for males it was 51.8 years and for females it was 53 years.

(Source: UNDP, UN)

The crude birth rate of Uganda in 2009 was registered at 46%.

(Source: UNICEF)

In 2010, about 13.3% of the population lived in urban areas. Furthermore, in 2009 the country’s rural population was 28.41 million and urban population was 4.29 million.

(Source: UNDP, World Bank, World Bank)

The major ethnic groups in Uganda include: Baganda, Banyankole, Bahima, Bakiga, Banyarwanda, Bunyoro, Batoro, Langi, Acholi, Lugbara, Karamojong, Basoga and Bagisu.

(Source: state.gov)

The country ranks 143rd out of 169 countries on the Human Development Index 2010 conducted by the United Nations. The HDI provides a composite measure of three dimensions of human development.

(Source: UNDP)

[Top] Soft Infrastructure

Education/literacy rate

The country’s adult literacy rate was 76.4% in 2010.

(Source: UNDP)

The Ministry of Education and Sports is responsible for the education sector in Uganda, which includes:

·         Primary Education System

·         Higher Education System

·         Secondary System

The combined gross enrolment ratio of both sexes is approximately 62.3%. Additonally, the expenditure on education is about 3.8% of the GDP.

(Source: education.go.ug, UNDP)

Healthcare resources

The Ministry of Health is the responsible body for policy making, coordination of health research and supervision of the entire health sector in the country.

The health facilities in the country are classified into Health Centre II, Health Centre III and Health Centre IV. Health Centre II includes out-patient clinics for the treatment of common diseases and also offers antenatal care.

About 15% of the population in the country is undernourished.

The expenditure on health constitutes about 1.6% of the GDP.

(Source: countrystat, UNDP)

[Top] Hard Infrastructure

Roadways

The roadway length in Uganda is approximately 70,746 km.

(Source:bymap)

Ports

The ports in Uganda are:

 

·         Entebbe

·         Jinja

·         Port Bell

(Source: indexmundi)

Airports

There are 12 airports in the country which are:


Town

Airport name

Runway length (ft)

Arua

Arua

5,600

Entebbe

Entebbe Intl

12,000

Gulu

Gulu

10,200

Jinja

Jinja

4,300

Kasese

Kasese

5,100

Lira

Lira

2,700

Masindi

Masindi

6,500

Mbarara

Mbarara

4,400

Moroto

Moroto

4,900

Pakuba

Pakuba

5,200

Soroti

Soroti

6,100

Tororo

Tororo

5,600

(Source:aircraft-charter-world)

Telecommunications networks

The country had 233,533 fixed telephone lines subscribers in 2009. Furthermore, the number of fixed telephone lines per 100 inhabitants was 0.71.  Meanwhile, there were 28.69 mobile subscriptions per 100 inhabitants.

In 2009, the country had 2.5 million internet users, or 7.7% of the total population.

(Source: ITU,internetworldstats.com)

Uganda Internet Penetration

(Source:internetworldstats)

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