Uganda GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Uganda's GDP changed from approximately $7B 486M in 1980 to $56B 310M in 2024, showing an overall 652.2% sharply increased during the period.
The lowest GDP was recorded in 1992 at $3B 645M, and the highest in 2024 at $56B 310M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.7%.
For comparison, the average annual growth rate of Kenya was 4.8%, and that of Democratic Republic of the Congo was 0.2%.

Overview of Uganda's GDP (1980–2024)

The Gross Domestic Product (GDP) of Uganda recorded a 652.2% sharply increased from 1980 to 2024.
The average GDP during this period was $18B 658M, and the median was $10B 878M.
GDP fluctuated within a range of $52B 665M, with a standard deviation of $14B 412M.
The average annual change was $955M 226K.


Uganda GDP from 1980 to 2024

The total market value of goods and services produced annually in Uganda.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1992, $3B 645M
    • Highest GDP: 2024, $56B 310M
    • Most Recent GDP: 2024, $56B 310M

    Notable Annual GDP Changes

    • 2008: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Uganda's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $37B 892M → $37B 901M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $17B 512M → $24B 107M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $7B 756M → $7B 835M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $8B 407M → $8B 230M
    • Outcome: declined

    Key Economic Indicators of Uganda (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 7B 486M
    $ 664.57
    $ 525.49
    $ 5B 919M
    -3.392 %
    -1.104 %
    26.14 %
    0 %
    11M 264K people
    1981
    $ 12B 120M
    $ 1,044.13
    $ 579.72
    $ 6B 729M
    3.859 %
    0.21 %
    16.42 %
    0 %
    11M 607K people
    1982
    $ 8B 410M
    $ 703.04
    $ 646.32
    $ 7B 731M
    8.205 %
    -0.831 %
    14.36 %
    0 %
    11M 962K people
    1983
    $ 9B 619M
    $ 779.82
    $ 683.23
    $ 8B 427M
    4.899 %
    -0.751 %
    4.94 %
    0 %
    12M 335K people
    1984
    $ 7B 399M
    $ 581.03
    $ 665.10
    $ 8B 470M
    -3 %
    1.399 %
    6.01 %
    0 %
    12M 734K people
    1985
    $ 6B 771M
    $ 514.18
    $ 643.60
    $ 8B 475M
    -3 %
    0.068 %
    4.94 %
    0 %
    13M 169K people
    1986
    $ 6B 746M
    $ 494.51
    $ 639.81
    $ 8B 728M
    0.946 %
    -0.641 %
    13.71 %
    0 %
    13M 641K people
    1987
    $ 10B 878M
    $ 768.93
    $ 657.52
    $ 9B 302M
    4 %
    -1.03 %
    13.99 %
    0 %
    14M 147K people
    1988
    $ 11B 268M
    $ 767.65
    $ 710.44
    $ 10B 429M
    8.294 %
    -1.732 %
    4.46 %
    0 %
    14M 679K people
    1989
    $ 9B 136M
    $ 599.95
    $ 757.29
    $ 11B 531M
    6.403 %
    -2.841 %
    3.92 %
    0 %
    15M 227K people
    1990
    $ 7B 452M
    $ 472.19
    $ 807.28
    $ 12B 740M
    6.497 %
    -3.533 %
    3.61 %
    0 %
    15M 782K people
    1991
    $ 3B 897M
    $ 238.48
    $ 820.28
    $ 13B 406M
    1.778 %
    -4.356 %
    7.88 %
    0 %
    16M 343K people
    1992
    $ 3B 645M
    $ 216.04
    $ 860.16
    $ 14B 513M
    5.85 %
    -2.732 %
    9.47 %
    0 %
    16M 873K people
    1993
    $ 4B 311M
    $ 247.11
    $ 908.50
    $ 15B 850M
    6.686 %
    -3.969 %
    7.90 %
    0 %
    17M 447K people
    1994
    $ 6B 240M
    $ 346.25
    $ 967.45
    $ 17B 434M
    7.694 %
    -2.792 %
    7.78 %
    0 %
    18M 21K people
    1995
    $ 7B 473M
    $ 401.89
    $ 1,045.05
    $ 19B 433M
    9.174 %
    -3.767 %
    9.11 %
    0 %
    18M 595K people
    1996
    $ 7B 713M
    $ 401.41
    $ 1,097.85
    $ 21B 94M
    6.595 %
    -2.742 %
    12.11 %
    0 %
    19M 214K people
    1997
    $ 8B 407M
    $ 423.92
    $ 1,131.95
    $ 22B 449M
    4.62 %
    -3.755 %
    9.46 %
    0.007 %
    19M 832K people
    1998
    $ 8B 230M
    $ 402.45
    $ 1,177.48
    $ 24B 80M
    6.074 %
    -4.419 %
    9.36 %
    0.102 %
    20M 450K people
    1999
    $ 7B 823M
    $ 370.51
    $ 1,248.66
    $ 26B 363M
    7.953 %
    -3.748 %
    11.25 %
    -0.416 %
    21M 113K people