rane (the national symbol) facing
the hoist side
@Uganda:Economy
Economy - overview: Uganda has substantial natural resources,
including fertile soils, regular rainfall, and sizable mineral
deposits of copper and cobalt. 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 - 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. In
1990-99, 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. Ongoing Ugandan involvement in the war in the
Democratic Republic of the Congo, growing corruption within the
government, and slippage in the government's determination to press
reforms raise doubts about the continuation of strong growth.
GDP: purchasing power parity - $24.2 billion (1999 est.)
GDP - real growth rate: 5.5% (1999 est.)
GDP - per capita: purchasing power parity - $1,060 (1999 est.)
GDP - composition by sector:
agriculture: 44%
industry: 17%
services: 39% (1997 est.)
Population below poverty line: 55% (1993 est.)
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 33.4% (1992)
Inflation rate (consumer prices): 7% (1999)
Labor force: 8.361 million (1993 est.)
Labor force - by occupation: agriculture 82%, industry 5%, services
13% (1999 est.)
Unemployment rate: NA%
Budget:
revenues: $959 million
expenditures: $1.04 billion, including capital expenditures of $NA
(FY98/99 est.)
Industries: sugar, brewing, tobacco, cotton textiles, cement
Industrial production growth rate: 9.3% (FY98/99)
Electricity - production: 792 million kWh (1998)
Electricity - production by source:
fossil fuel: 0.88%
hydro: 99.12%
nuclear: 0%
other: 0% (1998)
Electricity - consumption: 622 million kWh (1998)
Electricity - exports: 115 million kWh (1998)
Electricity - imports: 0 kWh (1998)
|