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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
