ITT Technical Institute
Technology programs at more than 85 campus locations. Programs at ITT Technical Institute offer a variety of degree options, from Associate to Masters degrees.
Uganda Economy
Uganda Economy: A summary of information about Uganda Economy, from government research data as well as independent research and other sources.
Uganda: Economy
Economy - overview
Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper and cobalt. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee is the major export crop and 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. In 1990-99, 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. Ongoing Ugandan involvement in the war in the Democratic Republic of the Congo, growing corruption within the government, and slippage in the government's determination to press reforms raise doubts about the continuation of strong growth.
GDP
purchasing power parity - $24.2 billion (1999 est.)
GDP - real growth rate
5.5% (1999 est.)
GDP - per capita
purchasing power parity - $1,060 (1999 est.)
GDP - composition by sector
agriculture: 44% industry: 17% services: 39% (1997 est.)
Population below poverty line
55% (1993 est.)
Household income or consumption by percentage share
lowest 10%: 3% highest 10%: 33.4% (1992)
Inflation rate (consumer prices)
7% (1999)
Labor force
8.361 million (1993 est.)
Labor force - by occupation
agriculture 82%, industry 5%, services 13% (1999 est.)
Unemployment rate
NA%
Budget
revenues: $959 million expenditures: $1.04 billion, including capital expenditures of $NA (FY98/99 est.)
Industries
sugar, brewing, tobacco, cotton textiles, cement
Industrial production growth rate
9.3% (FY98/99)
Electricity - production
792 million kWh (1998)
Electricity - production by source
fossil fuel: 0.88% hydro: 99.12% nuclear: 0% other: 0% (1998)
Electricity - consumption
622 million kWh (1998)
Electricity - exports
115 million kWh (1998)
Electricity - imports
0 kWh (1998)
Agriculture - products
coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses; beef, goat meat, milk, poultry
Exports
$471 million (f.o.b., 1999)
Exports - commodities
coffee, fish and fish products, tea; electrical products, iron and steel
Exports - partners
EU 51% (Netherlands 6%, Switzerland 6%, Germany 5%, Belgium 4%), Kenya 5% (1998)
Imports
$1.1 billion (f.o.b., 1999)
Imports - commodities
vehicles, petroleum, medical supplies; cereals
Imports - partners
Kenya 12%, UK 6%, Japan 4%, India 4%, South Africa (1998)
Debt - external
$3.1 billion (1998 est.)
Economic aid - recipient
$839.9 million (1997)
Currency
1 Ugandan shilling (USh) = 100 cents
Exchange rates
Ugandan shillings (USh) per US$1 - 1,525.8 (January 2000), 1,454.8 (1999), 1,240.2 (1998), 1,083.0 (1997), 1,046.1 (1996), 968.9 (1995)
Fiscal year
1 July - 30 June