Economy ::Uganda
Economy - overview:
Uganda has substantial natural resources, including fertile soils, regular rainfall, sizable mineral deposits of copper, cobalt, gold, and other minerals, and recently discovered oil. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee 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. During 1990-2001, 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. Growth continues to be solid, despite variability in the price of coffee, Uganda's principal export, and a consistent upturn in Uganda's export markets. In 2000, Uganda qualified for enhanced Highly Indebted Poor Countries (HIPC) debt relief worth $1.3 billion and Paris Club debt relief worth $145 million. These amounts combined with the original HIPC debt relief added up to about $2 billion.
GDP (purchasing power parity):
$40.08 billion (2008 est.) country comparison to the world: 95 $37 billion (2007 est.)
$34.21 billion (2006 est.)
note: data are in 2008 US dollars
GDP (official exchange rate):
$14.57 billion (2008 est.)
GDP - real growth rate: