Uganda ranks in 120th place out of 8 countries in affordability of financial services, according to the economic forum global competitiveness report 20162017. The paper looks at the political economy of health in uganda through an analytic lens focusing on health policy and seeking to understand the conditions which shape population health and health service development within the wider macro economic and. Home countries east africa uganda uganda economic outlook. Uganda s public debt burden is now a major concern. The funding for the 2016 udhs was provided by the government of uganda, the united states agency for international development usaid, the united nations childrens fund unicef, and the united nations population fund unfpa. The debt burden is projected to continue rising to 45% of gdp by 2020. The countrys export market suffered a major slump following the. While its opendoor refugee policy is one of the most progressive in the world, and refugees enjoy access to social services, land and can move and work freely, the. The second republic of uganda existed from 1971 to 1979, when uganda was ruled by idi amins military dictatorship the ugandan economy was devastated by idi amins policies, including the expulsion of asians, the nationalisation of businesses and industry, and the expansion of the public sector. Uganda tuberculosis profile world health organization. Ministry of finance and planning dodomatanzania july, 2018. November 2014 to may 2017 the research project changing the mindset of ugandan entrepreneurs. But since 2011 credit growth has slowed and over the. The seventh edition of the uganda economic update was prepared by a team led by rachel kaggwa sebudde.
The imf expects that the zambian economy will grow by 4% in 2017 and 4. A continued focus on agricultural productivity is critical to accelerate and sustain growth. Major economic reasons for migration land income unhs 23 2016 2017. This page provides the latest reported value for uganda gdp annual growth rate plus previous releases, historical high and low. Climatic, economic, conflict and other shocks such as. The recent instability in the banking system has further contributed to low consumer confidence in financial institutions, while longterm savings products such as pensions and insurance also remain largely undeveloped. Uganda gdp annual growth rate 20092019 data 20202022. This report examines the main threads of uganda s industrial policy and its implementation strategy by analysing existing industrial policy, its important elements, progress so far made, challenges to manufacturing and industrial policy implementation and concludes with. Ugandas economy remained resilient amidst national, regional and international challenges in fy 201617.
Unleashing the power of women was carried out at the request of the minister of finance, planning and economic development for uganda, because the government was concerned that the specific challenges facing women had not been fully addressed in existing work on ugandas investment. But once population growth is factored in, the economy s per capita growth rate is just 3. Gender roles and the care economy in ugandan households abridged report 1. Political environment tanzania has continued to enjoy political stability since it became independent in the early 1960s. Industrialisation is critical in the transformation of an economic structure to a modern industrial economy. Women face a plethora of barriers specific to gender when attempting to access the formal economy of uganda, and research showing prejudice against lending to women in the informal sector. During the earlier period, exogenous shocks and lax policy in the lead up to general elections led to a poor performing economy.
Uganda s economy slowed in 2017, with a real gdp of 4. It was the fastest expansion since the first quarter of 2019, boosted by services 6. Mokash is the first digital credit product to be offered in the ugandan market. The report assessed the present, past and desired care work patterns in uganda using rapid. New and relapse cases registered in 2017 72% 45 099 previously treated cases, excluding relapse, registered in 2017 67% 1 825. At 3%, uganda s annual population growth rate is among the highest in the world, despite a reduction in fertility rates. The ugandan economy is now on a path of rapid and sustained growth, however, the number of new jobs arising from this growth has been disappointingly low.
Economic development and industrial policy in uganda where a focus on infrastructure, along with the hope of some sort of trickledown effect, has not given the results hoped for, an industrial policy can be a tool for structural transformation of the economy as it outlines a comprehensive framework. In february, police in abim, northern uganda, arrested and detained a bbc correspondent and three others for filming a dilapidated governmentrun health center. No claims are made regarding the accuracy of uganda economy 2020 information contained here. National content is defined as the value added or created in the ugandan economy through the employment of ugandan workers and the use of goods produced or available in uganda and services provided by ugandan citizens and enterprises. Retail, construction, and telecommunications were key economic drivers. Uganda s real gdp in the year to the end of june grew 6. High interest rates have squeezed credit limits on private sector investment and made borrowing unaffordable. Uganda bureau of statistics indicators of economic activity gdp growth uganda bureau of statistics ubos released the final gdp estimates for fy201718 which indicate that the economy grew by 6. The details of the estimation of benefits from the economy. Uganda economy gdp, inflation, cpi and interest rate. Uganda is the 122nd largest export economy in the world and the 77th most complex economy according to the economic complexity index eci. Sustained growth of the economy was expected to create jobs, drive poverty reduction and make growth more inclusive.
Uganda economic outlook 2016 the story behind the numbers. The 2016 uganda demographic and health survey 2016 udhs was implemented by the uganda bureau of statistics. Ugandan local expertise, goods and services, ugandan companies, ugandan citizens, registered entities, businesses and financing in petroleum activities. Secondly, with kenya going into elections in 2017, this might also help uganda s economy to get a few dollars from portfolio investors and foreign direct investors fdi. Though this made a nice change from the usual doom and gloom. Real gdp projections for 2017 aeo indicate that gdp will grow by 5. This report is an abridged version which presents evidence from quantitative and. Uganda bureau of statistics ubos data and statistics. Oec uganda uga exports, imports, and trade partners. The africa competitiveness report 2017 v preface akinwumi adesina president, african development bank group jim yong kim president, world bank group klaus schwab executive chairman, world economic forum the 2017 edition of the africa competitiveness report comes out at a challenging time for the continent. Uganda has substantial natural resources, including fertile soils, regular rainfall, substantial reserves of recoverable oil, and small deposits of copper, gold, and other minerals. The study that led to gender and economic growth in uganda.
The report also highlights significant allocations in the 2017 18 budget to various sectors of the economy. President museveni declared 2017 the year of mass industrialisa on. Infrastructure development is critical for unlocking ugandas binding constraints to economic development in order to enable an economy to realize its full potential. Political economy analysis iii preface this political economy analysis is part of a series of country studies carried out by ecorys for unicef in 2016 and 2017, in various subsaharan african economies.
Net primary school enrollment 77 79 78 85 86 85 79 80 80 0 10 20 30 40 50 60 70 80 90 100 male female total rural urban uganda unhs 2016 2017 25. Economic development and industrial policy in uganda. The tanzania economic outlook 2017 report provides an overview of tanzanias economic environment and key sectors. Uganda is a member of the east african community and a potential member of the planned east african federation. Yet, if the country operated at a higher level of efficiency, this growth rate could increase to almost 10 percent per annum, thereby allowing ugandans to enjoy middle income status within the next five years. Uganda economic outlook african development bank building. However, a large young and fastgrowing population also poses immense challenges in the form of widespread youth unemployment. Uganda economic outlook march 24, 2020 available data for the fourth quarter of 2019 is mixed. Ugandas readiness for implementation of the 2030 agenda national planning authority planning house, clement hill road plot 17b p. This team included jeanpascal nganou and staff of the department of projects appraisal and public private partnerships of the ministry of finance, planning and economic development and of the makerere university school of economics. Such data are collected through population censuses, demographic and socio economic surveys. In fy 201617, revenue collections dropped by 4%, as public debt increased from 33.
Youth are often described as a group of people with high potential for increasing productivity and hence can be a good basis for economic growth. Launched in august 2016, mokash is the result of a partnership between the commercial bank of africa cba and mtn uganda. Mokash provides customers a suite of virtual banking products built on mtns mobile. All structured data from the file and property namespaces is available under the creative commons cc0 license. Uganda staple food market fundamentals report january 2017. Unleashing the power of women was carried out at the request of the minister of finance, planning and economic development for uganda, because the government was concerned that the specific challenges facing women had not been fully addressed in existing work on uganda s investment. Our forecasts show that the ugandan economy will be growing at an average rate of about six percent into the medium term. State of ugandas economy uganda has registered an average annual gdp growth of over 5 percent over the last 5. Industrial sector development is undoubtedly a key priority for the ugandan government and occupies an integral part of its social and economic development plan, vision 2040. Unicef annual report 2017 uganda executive summary ugandas economy slowed in 2017, with a real gdp of 4. This diaspora has contributed enormously to ugandas economic growth through remittances and other investments especially property. Compared with fy 201718, the fy 201819 budget includes the following nominal increases in sector. Pdf ugandas political economy of health pascal olinga.
Ugandas 201718 economic growth beats forecasts uganda. In line with the public finance management act 2015 as amended, the budget was approved by parliament on 31 st may 2017. Madam speaker, the economy has sustained the remarkable recovery witnessed in financial year 2017 18. Created in response to the 1984 famines in east and west africa, the famine early warning systems network fews net provides early warning and integrated, forwardlooking analysis of the many factors that contribute. Opportunities to harness the demographic dividend for sustainable development.
The bulletin contains a brief overview of the performance of the economy last year 2016, and an analysis of the current economic environment and the outlook for 2017. All suggestions for corrections of any errors about uganda economy 2020 should be addressed to the cia or the source cited on each page. The reason industrialisation policy in uganda has failed can be attributed to two factors. Macroeconomic performance and outlook the ugandan economy reported strong growth in 2019, estimated at 6. Uganda has one of the youngest and fastest growing populations in the world. Recent economic developments headline inflation decreased from 5. Agriculture is the mainstay of the ugandan economy, accounting for 24 percent of gross domestic product gdp, and providing half of export earnings. Our analysis and commentary on the economy as contained in this bulletin is based mainly on the most recent bank of. The ugandan economy showed remarkable resilience in achieving modest gross domestic product gdp growth of 4. While the private sector pmi averaged higher than in q3, economic activity moderated and merchandise export growth eased amid slowing coffee exports. Thirdly, the country seems to have fully emerged out of the political uncertainty that hung on its economy throughout the 2015 and 2016. Upstream act means petroleum exploration, development and production act, 20.
Uganda s economic growth has slowed since 2016, with the growth rate dropping from 5. Available data for the fourth quarter of 2019 is mixed. From muppets to gazelles aims to contribute to socially inclusive development in eastern africa by identifying and tackling key constraints on domestic entrepreneurship through social networking, mainly among rural women in uganda. Data on the sustainable development goals are now presented in a new companion publication, atlas of sustainable development goals 2017, which analyzes and visualizes world development indicators data to explore progress toward the goals for 2030 and catalyzes discussion of measurement issues and. The economy is basically agricultural, and it occupies some fourfifths of the working population. Uganda bureau of statistics ubos released the final estimates for gross domestic product gdp for fy201718 which indicated. Files are available under licenses specified on their description page. As a result, uganda s economy has been growing at an average of 4. Ubos is the principal data collecting, processing, analysing and disseminating agency responsible for coordinating and supervising the national statistical system. Annual inflation, september 2017 september 2018 source. The ugandan economy has grown at a much slower pace than in the past. Ugandas moderate climate is especially congenial to the production of both livestock and crops.
Uganda has a large diaspora, residing mainly in the united states and the united kingdom. The 17thedition of the state of uganda population report 2017 was prepared by a dedicated team of authors and national population council recognizes. Uganda economic outlook april june 2017 5 2bank of uganda mpc report february 2017 with a favorable in. The ugandan economy reported strong growth in 2019, estimated at 6. The united republic of tanzania the economic survey 2017 produced by. In spite of the good progress uganda has made in growing the economy and reducing poverty levels, the country still faces significant development challenges. Uganda bureau of statistics 2016, the national population and housing census 2014 main report, kampala, uganda.
Gender roles and the care economy in ugandan households 7 this report contributes to the understanding of how unpaid care and domestic work ucdw is distributed in ugandas households. As such, it aims to provide a better understanding of the role of political economy factors in. Economic development and industrial policy in uganda foreword in december 2011 the economists cover title of africa rising kicked off global media coverage of africa, which saw the african continent at the forefront of economic growth and development. The bank of uganda bou cut its interest rate by 50 basis points to 9. Musevenis national resistance movement nrm party also retained its majority in the parliament. Bank lending expanded rapidly in the first decade of this century. This paper examines the state of the ugandan economy and highlights how women are faring within it. President, your economic advisers should stop confusing you. The uganda bureau of statistics, formerly known as the statistics department under the ministry of finance, planning and economic development, was transformed into a semiautonomous. Small and medium enterprises uganda investment authority. Ministry of finance, planning and economic development. Economic outlook world bank documents world bank group.
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