Size of the Economy today has tripled to Shs 202 trillion (USD 53.3billion) in FY 2023/24 from Shs 65 trillion (USD 17.2 billion) in FY 2010/11.
During last quarter (FY 2023/24 GDP great 6.7% and is projected to get better. Inflation has been arrested & now at 3.5% for August 2024 (below target of 5%)
The value of the uganda Shillings against major currencies quite stable, Interest rates & yield curve on treasury bills & bonds also stable.
Lending rates have slightly reduced from 18.8% to 17.6% & Gov’t wants it reduced further.
Export have grown to USD 7.5 billion from USD 4.9 billion the previous year FDI inflows amounted to USD 3.01 billion in june 2024.
Average income earned by a Ugandan has increased to USD 1,146 in FY 2023/24 from USD 898 in FY 2010/11.
Life expectancy has risen from 63 years in 2011 to 68 years in 2022.
Average return on investment for Uganda’s economy increased to 14% in 2022 from 12% in 2017.
