Nomad Watch
UG

Uganda

UG · UGA · #79 · 11 cities

Nomad score 50/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$4,804
GDP (2031)
$112.3B
GDP growth (2031)
5.9% ↓
Inflation (2031)
5.0% →
Unemployment (2025)
2.8% ↑
Population (2031)
59.3M
Population growth (2031)
3.5% ↑
Gini index (2019)
42.7
Government debt (2031)
53.3% of GDP
Current account (2031)
-1.4% of GDP
FDI inflows (2024)
$3.3B
Life expectancy (2024)
68.5 yrs
Health spending (2023)
4.2% of GDP
Internet users (2024)
9.0%
Mobile subscriptions (2024)
83.2/100
Trade openness (2025)
50.2% of GDP
Exchange rate (2025)
3,602.99/USD
Foreign reserves (2024)
$3.5B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
53.3% of GDP
Current account (2031)
-1.4% of GDP
FDI inflows (2024)
$3.3B

Income inequality (Gini)

Gini index (2019)
0.43
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
1.08/1k
Tax revenue (2024)
12.6% of GDP
Services sector (2025)
42.1% of GDP

Financial access and costs

ATMs per 100k (2024)
3.6
Bank branches per 100k (2024)
2.1
ICT service exports (2024)
1.9%
Goods and services tax (2024)
9.4%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $112.3B $4,804 5.9% 5.0% - 59.3M - 53.3% -1.4% - - - - -
2030 * $103.9B $5,051 6.2% 5.0% - 57.3M - 53.4% -1.3% - - - - -
2029 * $96.0B $4,681 6.7% 5.0% - 55.6M - 53.5% -1.1% - - - - -
2028 * $87.7B $4,366 7.0% 4.8% - 54.0M - 53.9% -2.1% - - - - -
2027 * $80.2B $4,159 8.2% 4.9% - 51.9M - 54.4% -2.7% - - - - -
2026 * $73.4B $3,956 7.5% 4.0% - 49.7M - 55.0% -3.9% - - - - -
2025 $66.0B $3,488 6.7% 3.6% 2.8% 48.0M - 54.2% -6.2% - - - - 3,602.99
2024 $57.1B $3,278 6.0% 3.3% 2.7% 46.6M - 51.8% -7.3% $3.3B 68.5 - 9.0% 3,757.26
2023 $52.0B $3,100 5.0% 5.4% 2.8% 45.2M - 50.4% -7.5% $3.0B 68.3 4.2% 9.3% 3,726.14
2022 $47.3B $2,919 6.2% 7.2% 2.9% 43.8M - 49.9% -8.6% $3.0B 67.7 4.5% 9.6% 3,689.82
2021 $42.8B $2,685 5.5% 2.2% 3.4% 42.5M - 50.3% -8.4% $1.6B 66.5 5.5% 10.0% 3,587.05
2020 $37.9B $2,532 -1.2% 2.8% 3.8% 41.2M - 46.8% -9.5% $1.2B 66.4 5.2% 7.4% 3,718.25
2019 $37.9B $2,441 7.6% 2.1% 3.1% 39.8M 42.7 38.0% -6.9% $1.3B 66.4 3.8% 11.7% 3,704.05
2018 $34.1B $2,312 5.6% 2.5% 3.3% 38.8M - 35.0% -6.1% $1.1B 65.8 4.0% 9.3% 3,727.07
2017 $31.6B $2,158 6.8% 5.6% 3.4% 37.7M - 33.6% -4.8% $802.7M 65.2 4.0% 7.4% 3,611.22
2016 $30.2B $2,165 0.2% 5.2% 3.0% 36.6M 42.8 31.3% -2.6% $625.7M 64.5 5.0% 5.9% 3,420.10
2015 $30.1B $2,190 8.0% 3.7% 2.7% 35.5M - 28.0% -5.5% $737.7M 63.8 5.0% 5.7% 3,240.65
2014 $34.8B $2,134 5.7% 4.3% 2.4% 34.5M - 24.8% -6.2% $1.1B 63.1 5.3% 5.4% 2,599.79
2013 $32.3B $2,045 3.9% 5.5% 1.9% 33.5M - 22.1% -5.4% $1.1B 62.4 5.8% 5.1% 2,586.89
2012 $30.9B $2,032 2.3% 14.0% 3.6% 32.5M 41.0 19.5% -5.4% $1.2B 61.6 6.1% 4.8% 2,504.56
2011 $27.5B $2,268 7.7% 18.7% 3.5% 31.5M - 18.0% -7.6% $894.3M 60.8 6.7% 4.6% 2,522.80
2010 $24.7B $2,092 7.5% 4.0% 3.6% 30.5M - 18.4% -6.5% $543.9M 60.0 6.8% 4.3% 2,177.56
2009 $24.1B $2,015 8.1% 13.0% 3.6% 29.5M 44.2 14.8% -4.3% $841.6M 59.2 5.8% 4.1% 2,030.49
2008 $22.4B $1,931 10.4% 12.0% 3.0% 28.6M - 15.7% -5.5% $728.9M 58.3 5.5% 3.9% 1,720.44
2007 $17.5B $1,795 8.1% 6.1% 2.7% 27.6M - 17.0% -3.2% $792.3M 57.3 6.1% 3.7% 1,723.49
2006 $14.1B $1,660 7.0% 7.2% 2.3% 26.7M - 27.8% -2.3% $644.3M 56.1 6.5% 2.5% 1,831.45
2005 $12.5B $1,497 10.0% 8.6% 1.9% 25.8M 42.9 42.6% 0.4% $379.8M 54.9 5.8% 1.7% 1,780.54
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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