Country Snapshot

Population (2019, millions)¹ 44.27
Population Projections (2030, millions)¹ 59.43
Economically active population in agriculture (as % of Economically active population)12, 2019 96.1
Capital Kampala
Surface Area (km²)² 241,550
Weather¹¹ In Kampala: Hottest month, January, 18-28°C (average daily minimum and maximum); coldest month, July, 17-25°C; driest month, July, 46 mm average rainfall; wettest month, April, 175 mm average rainfall
Languages³ Official: English – Others: Ganda or Luganda, other Niger-Congo languages, Nilo-Saharan languages, Swahili and Arabic
Main Religions³ Main: Protestant, Roman Catholic, Muslim – Others: others and none
Time⁴ Eastern Africa Time (EAT) +0300 UTC
Driving Orientation⁵ Left Side
Internet Country Code⁶ .ug
Country Calling Code +256
Plug, Socket and Voltage⁷ Type G – 240V/50Hz
Currency Ugandan Shilling (UGX)
Exchange Rate (As of 12 February 2019, per USD)⁸ 3,667.40  (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹ 27.47
GDP Growth (2018, annual %)⁹ 6.09
Average GDP Growth (2014-2018, annual %)⁹ 5
GDP per Capita, PPP (2018, current international $)⁹ 2,033
Inflation, Consumer Prices (2018, annual %)⁹ 2.61
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 4.43
Total Reserves in Months of Imports (2018)⁹ 4.11

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, “Worldwide Driving Orientation by Country”.
⁶Wikipedia, “List of Internet top-level domains”; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁸Bank of Uganda. 
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
¹²AFDB Socioeconomic Database
.

Reasons to Invest in Uganda

Source: Uganda Investment Authority – UIA.

Population

Population Projections (millions)

Population (2019) 44.27
Population Projections (2030) 59.43

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019) 24.36
Percentage of Population Residing in Urban Areas (2030) 31.19

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2018, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 89.39
Youth Literacy Rate, Population 15-24 Years, Female 89.95
Youth Literacy Rate, Population 15-24 Years, Male 88.82

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force)

Unemployment, Total
Unemployment, Female
Unemployment, Male

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+)

Labour Force Participation Rate, Total 71
Labour Force Participation Rate, Female 67.15
Labour Force Participation Rate, Male 74.99
Labour Force, Total (number) 16,099,606

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 27.29 27.1 24.13 25.99 27.47
GDP Growth (annual %) 5.1 5.18 4.78 3.86 6.09

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 31.46 31.32
Manufacturing 11.38 11.33
Industry 26.30 26.26
Services 61.24 61.43
Construction 9.49 9.47
Electricity, gas and water 4.53 4.60
Mining and quarrying 0.89 0.86
Education 8.75 9.07
Finance, real estate and business services 14.85 15.02
Public administration and Defense 3.28 3.21
Health and Social Work 4.09 4.08
Other services 2.49 2.50
Transport, storage and communication 7.64 7.55
Wholesale and retail trade, hotels and restaurants 20.16 20.00

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (USD ‘000)

2014 2015 2016 2017 2018
World 6,572,669 5,885,336 5,300,661 6,500,127 7,755,383
China 826,725 997,991 1,166,765 1,302,519 1,743,874
India 1,500,948 1,163,623 814,590 775,380 869,688
United Arab Emirates 403,111 403,577 396,560 669,165 828,142
Saudi Arabia 177,054 222,519 232,626 362,641 604,388
Kenya 632,702 568,579 476,442 482,554 535,468

Source: COMTRADE Statistics.

Export Partners (USD ‘000)

2014 2015 2016 2017 2018
World 3,221,253 2,956,420 3,254,395 3,629,015 2,798,929
United Arab Emirates 381,259 444,564 839,316 932,805 655,349
United Kingdom 648,334 618,720 494,755 365,131 561,404
Kenya 347,711 403,092 430,200 605,266 481,785
Rwanda 166,419 213,320 175,979 151,832 121,739
South Sudan 118,034 66,026 44,992 131,569 103,174

Source: COMTRADE Statistics.

Uganda’s Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 6,572,669 5,885,336 5,300,661 6,500,127 7,755,383
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,454,004 1,012,325 739,408 1,033,299 1,323,866
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 510,487 525,902 468,924 460,959 698,117
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 503,646 494,954 470,115 721,644 682,330
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 578,036 565,593 427,649 455,136 531,492
39 Plastics and plastic products 283,297 302,254 234,755 303,249 401,467

Source: COMTRADE Statistics.

Uganda’s Top Export Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 3,221,253 2,956,420 3,254,395 3,629,015 2,798,929
49 Books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,071,947 1,080,438 1,113,682 1,054,175 1,056,215
09 Coffee, tea, mate and spices 486,893 454,353 424,598 648,357 305,945
71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin 1,402 35,782 339,570 418,471 259,759
10 Cereals 107,584 119,292 124,644 156,952 134,496
07 Edible vegetables and certain roots and tubers 79,339 79,570 72,038 110,090 108,264

Source: COMTRADE Statistics.

Investment Profile

Import Partners (USD ‘000)

Year 2014 2015 2016 2017 2018
FDI Inflows 1,059 738 626 803 1,337

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outflows 27.0 0.3 0.2 0.3 0.3

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inward Stock 9,829 10,567 11,193 11,996 13,333

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 80 81 81 81 81

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

Kenya, United Kingdom, India, United Arab Emirates, South Africa, Nigeria, United States of America, France, Japan, and Mauritius.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Sectors (in terms of number of projects)

Financial Services, Communications, Business Services, Coal, Oil and Natural Gas, Food and Tobacco, Transportation, Beverages, Metals, Software and IT services, and Alternative/ Renewable Energy.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

KCB Bank Uganda, Diamond Trust Bank, Bridge International Academies, Ecobank Uganda, United Bank for Africa (UBA), MTN Uganda, NILE Breweries (NBL), Barclays Bank, Fina Bank, and Heritage Oil.

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020 116/190
2019 127/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 169/190
Procedures (number) 13
Time (days) 24
Cost (% of income per capita*) 40.5
Paid-in Minimum Capital (% of income per capita*) 0.0

*GNI per capita used: USD 280
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank 92/190
Payments (number per year) 31
Time (hours per year) 195
Total Tax Rate (% of profit) 33.7
Profit Tax (% of profit) 22.3
Labor Tax and Contributions (% of profit) 11.3
Other Taxes (% of profit) 0.1

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank 121/190
Time to Export: Border Compliance (hours) 59
Cost to Export: Border Compliance (USD) 209
Time to Export: Documentary Compliance (hours) 24
Cost to Export: Documentary Compliance (USD) 102
Time to Import: Border Compliance (hours) 145
Cost to Import: Border Compliance (USD) 447
Time to Import: Documentary Compliance (hours) 96
Cost to Import: Documentary Compliance (USD) 296

Assumptions

Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code – Investment Code, 1991.
Key guarantees in terms of investment protection include:

Source: United Nations Conference on Trade and Development, iGuide Uganda.

Investment Incentives

Tax Incentives

Special Tax Allowances:

Export Incentives:

Export zones: 

Source: Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018 and Uganda Investment authority online portal.

Country Snapshot

Population (2019, millions)¹ 44.27
Population Projections (2030, millions)¹ 59.43
Economically active population in agriculture (as % of Economically active population)12, 2019 96.1
Capital Kampala
Surface Area (km²)² 241,550
Weather¹¹ In Kampala: Hottest month, January, 18-28°C (average daily minimum and maximum); coldest month, July, 17-25°C; driest month, July, 46 mm average rainfall; wettest month, April, 175 mm average rainfall
Languages³ Official: English – Others: Ganda or Luganda, other Niger-Congo languages, Nilo-Saharan languages, Swahili and Arabic
Main Religions³ Main: Protestant, Roman Catholic, Muslim – Others: others and none
Time⁴ Eastern Africa Time (EAT) +0300 UTC
Driving Orientation⁵ Left Side
Internet Country Code⁶ .ug
Country Calling Code +256
Plug, Socket and Voltage⁷ Type G – 240V/50Hz
Currency Ugandan Shilling (UGX)
Exchange Rate (As of 12 February 2019, per USD)⁸ 3,667.40  (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹ 27.47
GDP Growth (2018, annual %)⁹ 6.09
Average GDP Growth (2014-2018, annual %)⁹ 5
GDP per Capita, PPP (2018, current international $)⁹ 2,033
Inflation, Consumer Prices (2018, annual %)⁹ 2.61
Average Inflation, Consumer Prices (2014-2018, annual %)⁹ 4.43
Total Reserves in Months of Imports (2018)⁹ 4.11

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, “Worldwide Driving Orientation by Country”.
⁶Wikipedia, “List of Internet top-level domains”; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁸Bank of Uganda. 
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
¹²AFDB Socioeconomic Database
.

Reasons to Invest in Uganda

Source: Uganda Investment Authority – UIA.

Population

Population Projections (millions)

Population (2019) 44.27
Population Projections (2030) 59.43

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019) 24.36
Percentage of Population Residing in Urban Areas (2030) 31.19

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2018, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 89.39
Youth Literacy Rate, Population 15-24 Years, Female 89.95
Youth Literacy Rate, Population 15-24 Years, Male 88.82

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force)

Unemployment, Total
Unemployment, Female
Unemployment, Male

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+)

Labour Force Participation Rate, Total 71
Labour Force Participation Rate, Female 67.15
Labour Force Participation Rate, Male 74.99
Labour Force, Total (number) 16,099,606

Source: World Bank, World Development Indicators 2019.

Economy Overview

GDP

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 27.29 27.1 24.13 25.99 27.47
GDP Growth (annual %) 5.1 5.18 4.78 3.86 6.09

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 31.46 31.32
Manufacturing 11.38 11.33
Industry 26.30 26.26
Services 61.24 61.43
Construction 9.49 9.47
Electricity, gas and water 4.53 4.60
Mining and quarrying 0.89 0.86
Education 8.75 9.07
Finance, real estate and business services 14.85 15.02
Public administration and Defense 3.28 3.21
Health and Social Work 4.09 4.08
Other services 2.49 2.50
Transport, storage and communication 7.64 7.55
Wholesale and retail trade, hotels and restaurants 20.16 20.00

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (USD ‘000)

2014 2015 2016 2017 2018
World 6,572,669 5,885,336 5,300,661 6,500,127 7,755,383
China 826,725 997,991 1,166,765 1,302,519 1,743,874
India 1,500,948 1,163,623 814,590 775,380 869,688
United Arab Emirates 403,111 403,577 396,560 669,165 828,142
Saudi Arabia 177,054 222,519 232,626 362,641 604,388
Kenya 632,702 568,579 476,442 482,554 535,468

Source: COMTRADE Statistics.

Export Partners (USD ‘000)

2014 2015 2016 2017 2018
World 3,221,253 2,956,420 3,254,395 3,629,015 2,798,929
United Arab Emirates 381,259 444,564 839,316 932,805 655,349
United Kingdom 648,334 618,720 494,755 365,131 561,404
Kenya 347,711 403,092 430,200 605,266 481,785
Rwanda 166,419 213,320 175,979 151,832 121,739
South Sudan 118,034 66,026 44,992 131,569 103,174

Source: COMTRADE Statistics.

Uganda’s Top Import Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 6,572,669 5,885,336 5,300,661 6,500,127 7,755,383
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,454,004 1,012,325 739,408 1,033,299 1,323,866
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 510,487 525,902 468,924 460,959 698,117
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 503,646 494,954 470,115 721,644 682,330
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 578,036 565,593 427,649 455,136 531,492
39 Plastics and plastic products 283,297 302,254 234,755 303,249 401,467

Source: COMTRADE Statistics.

Uganda’s Top Export Products (USD ‘000)

Chapter Description 2014 2015 2016 2017 2018
All products 3,221,253 2,956,420 3,254,395 3,629,015 2,798,929
49 Books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,071,947 1,080,438 1,113,682 1,054,175 1,056,215
09 Coffee, tea, mate and spices 486,893 454,353 424,598 648,357 305,945
71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin 1,402 35,782 339,570 418,471 259,759
10 Cereals 107,584 119,292 124,644 156,952 134,496
07 Edible vegetables and certain roots and tubers 79,339 79,570 72,038 110,090 108,264

Source: COMTRADE Statistics.

Investment Profile

Import Partners (USD ‘000)

Year 2014 2015 2016 2017 2018
FDI Inflows 1,059 738 626 803 1,337

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outflows 27.0 0.3 0.2 0.3 0.3

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Inward Stock 9,829 10,567 11,193 11,996 13,333

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 80 81 81 81 81

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

Kenya, United Kingdom, India, United Arab Emirates, South Africa, Nigeria, United States of America, France, Japan, and Mauritius.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Sectors (in terms of number of projects)

Financial Services, Communications, Business Services, Coal, Oil and Natural Gas, Food and Tobacco, Transportation, Beverages, Metals, Software and IT services, and Alternative/ Renewable Energy.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

KCB Bank Uganda, Diamond Trust Bank, Bridge International Academies, Ecobank Uganda, United Bank for Africa (UBA), MTN Uganda, NILE Breweries (NBL), Barclays Bank, Fina Bank, and Heritage Oil.

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020 116/190
2019 127/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 169/190
Procedures (number) 13
Time (days) 24
Cost (% of income per capita*) 40.5
Paid-in Minimum Capital (% of income per capita*) 0.0

*GNI per capita used: USD 280
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank 92/190
Payments (number per year) 31
Time (hours per year) 195
Total Tax Rate (% of profit) 33.7
Profit Tax (% of profit) 22.3
Labor Tax and Contributions (% of profit) 11.3
Other Taxes (% of profit) 0.1

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank 121/190
Time to Export: Border Compliance (hours) 59
Cost to Export: Border Compliance (USD) 209
Time to Export: Documentary Compliance (hours) 24
Cost to Export: Documentary Compliance (USD) 102
Time to Import: Border Compliance (hours) 145
Cost to Import: Border Compliance (USD) 447
Time to Import: Documentary Compliance (hours) 96
Cost to Import: Documentary Compliance (USD) 296

Assumptions

Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code – Investment Code, 1991.
Key guarantees in terms of investment protection include:

Source: United Nations Conference on Trade and Development, iGuide Uganda.

Investment Incentives

Tax Incentives

Special Tax Allowances:

Export Incentives:

Export zones: 

Source: Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018 and Uganda Investment authority online portal.