y 1970s, as
does industrial production.) Agriculture is the most important sector of the
economy, employing over 80% of the work force. Coffee is the major export
crop and accounts for the bulk of export revenues. Since 1986 the government
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, which was running at over 300%
in 1987, and boosting production and export earnings. In 1990-92, the
economy has turned in a solid performance based on continued investment in
the rehabilitation of infrastructure, improved incentives for production and
exports, and gradually improving domestic security.
National product:
GDP - exchange rate conversion - $6 billion (1992 est.)
National product real growth rate:
4% (1992 est.)
National product per capita:
$300 (1992 est.)
Inflation rate (consumer prices):
41.5% (1992 est.)
Unemployment rate:
NA%
Budget:
revenues $365 million; expenditures $545 million, including capital
expenditures of $165 million (FY89 est.)
Exports:
$170 million (f.o.b., 1991 est.)
commodities:
coffee 97%, cotton, tea
partners:
US 25%, UK 18%, France 11%, Spain 10%
Imports:
$610 million (c.i.f., 1991 est.)
commodities:
petroleum products, machinery, cotton piece goods, metals, transportation
equipment, food
partners:
Kenya 25%, UK 14%, Italy 13%
External debt:
$1.9 billion (1991 est.)
Industrial production:
growth rate 7.0% (1990); accounts for 5% of GDP
Electricity:
200,000 kW capacity; 610 million kWh produced, 30 kWh per capita (1991)
Industries:
sugar, brewing, tobacco, cotton textiles, cement
Agriculture:
mainly subsistence; accounts for 57% of GDP and over 80% of labor force;
cash crops - coffee, tea, cotton, tobacco; food crops - cassava, potatoes,
corn, millet, pulses; livestock products - beef, goat meat, milk, poultry;
self-sufficient in food

*Uganda, Economy

Economic aid:
US commitments, including Ex-Im (1970-89), $145 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $1.4 billion; OPEC
bilateral aid (1979-89), $60 million; Communist countries (1970-89), $169
million
Currency:
1 Ugandan shilling (USh) = 100 cents
Exchange rates:
Ugandan shillings (USh) per U