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%.
Uganda GDP from 1980 to 2024
The total market value of goods and services produced annually in Uganda.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -3.392 % | $ 7B 486M | $ 5B 919M | $ 664.57 | $ 525.49 | 26.14 % | 11M 264K people | -1.104 % | 0 % |
1981 | 3.859 % | $ 12B 120M | $ 6B 729M | $ 1,044.13 | $ 579.72 | 16.42 % | 11M 607K people | 0.21 % | 0 % |
1982 | 8.205 % | $ 8B 410M | $ 7B 731M | $ 703.04 | $ 646.32 | 14.36 % | 11M 962K people | -0.831 % | 0 % |
1983 | 4.899 % | $ 9B 619M | $ 8B 427M | $ 779.82 | $ 683.23 | 4.94 % | 12M 335K people | -0.751 % | 0 % |
1984 | -3 % | $ 7B 399M | $ 8B 470M | $ 581.03 | $ 665.10 | 6.01 % | 12M 734K people | 1.399 % | 0 % |
1985 | -3 % | $ 6B 771M | $ 8B 475M | $ 514.18 | $ 643.60 | 4.94 % | 13M 169K people | 0.068 % | 0 % |
1986 | 0.946 % | $ 6B 746M | $ 8B 728M | $ 494.51 | $ 639.81 | 13.71 % | 13M 641K people | -0.641 % | 0 % |
1987 | 4 % | $ 10B 878M | $ 9B 302M | $ 768.93 | $ 657.52 | 13.99 % | 14M 147K people | -1.03 % | 0 % |
1988 | 8.294 % | $ 11B 268M | $ 10B 429M | $ 767.65 | $ 710.44 | 4.46 % | 14M 679K people | -1.732 % | 0 % |
1989 | 6.403 % | $ 9B 136M | $ 11B 531M | $ 599.95 | $ 757.29 | 3.92 % | 15M 227K people | -2.841 % | 0 % |
1990 | 6.497 % | $ 7B 452M | $ 12B 740M | $ 472.19 | $ 807.28 | 3.61 % | 15M 782K people | -3.533 % | 0 % |
1991 | 1.778 % | $ 3B 897M | $ 13B 406M | $ 238.48 | $ 820.28 | 7.88 % | 16M 343K people | -4.356 % | 0 % |
1992 | 5.85 % | $ 3B 645M | $ 14B 513M | $ 216.04 | $ 860.16 | 9.47 % | 16M 873K people | -2.732 % | 0 % |
1993 | 6.686 % | $ 4B 311M | $ 15B 850M | $ 247.11 | $ 908.50 | 7.90 % | 17M 447K people | -3.969 % | 0 % |
1994 | 7.694 % | $ 6B 240M | $ 17B 434M | $ 346.25 | $ 967.45 | 7.78 % | 18M 21K people | -2.792 % | 0 % |
1995 | 9.174 % | $ 7B 473M | $ 19B 433M | $ 401.89 | $ 1,045.05 | 9.11 % | 18M 595K people | -3.767 % | 0 % |
1996 | 6.595 % | $ 7B 713M | $ 21B 94M | $ 401.41 | $ 1,097.85 | 12.11 % | 19M 214K people | -2.742 % | 0 % |
1997 | 4.62 % | $ 8B 407M | $ 22B 449M | $ 423.92 | $ 1,131.95 | 9.46 % | 19M 832K people | -3.755 % | 0.007 % |
1998 | 6.074 % | $ 8B 230M | $ 24B 80M | $ 402.45 | $ 1,177.48 | 9.36 % | 20M 450K people | -4.419 % | 0.102 % |
1999 | 7.953 % | $ 7B 823M | $ 26B 363M | $ 370.51 | $ 1,248.66 | 11.25 % | 21M 113K people | -3.748 % | -0.416 % |