Also important are beer brewing and the manufacture of cement, fertilizers, matches, metal products, paints, shoes, soap, steel, textiles, and motor vehicles.Industrial production grew dramatically in the years following independence but then declined precipitously from the early 1970s. Uganda's Economic Outlook in Six Charts. Please update this article to reflect recent events or newly available information. The economy of Uganda has great potential and appeared poised for rapid economic growth and development.





For example, women commonly match the contribution of their husbands to their familial income, if not provide more, when taking into consideration the value of their labor and the profits made from selling excess food. Ugandans are creative and manage to utilize iron and other waste materials in the manufacture of useful Uganda’s economy continues its robust recovery with projected growth of 6.3 percent in FY2018/19. Articles from Britannica Encyclopedias for elementary and high school students. Domestic and foreign lockdowns to fight the pandemic resulted in a broad-based deterioration of the economy, hitting the external sector particularly hard with a negative impact on foreign direct investment, remittances, tourism and exports.
In addition to concerns over exports, the domestic use of timber for firewood and charcoal was rapidly depleting reserves. Economy - overview: Uganda has substantial natural resources, including fertile soils, regular rainfall, substantial reserves of recoverable oil, and small deposits of copper, gold, and other minerals.

Uganda’s moderate climate is especially congenial to … August 25, 2020. The companies it regulates include television networks, radio stations, mobile network operators, and fixed-line telephone companies.In late 2012, the government of Uganda was taken to court over value added tax that it placed on goods and services purchased by In June 2015, the Ugandan government and Tullow Oil settled a longstanding dispute regarding the amount of certain capital gains taxes that the company owed to the government.In April 2018, the government signed agreements with The agriculture sector of the Ugandan economy, which composes roughly 40% of the country's GDP, is largely fulfilled by women laborers, especially in managing products, marketing, and the crop sub-sector.Women are often undervalued in data compilation, particularly when considering their role in their domestic home lives. A railroad originating at Uganda's important link to the port of Mombasa is now mainly by road, which serves its transport needs and also those of neighboring The Uganda Communications Commission regulates communications, primarily "delivered through an enabled private sector." Our editors will review what you’ve submitted and determine whether to revise the article.The economy is basically agricultural, and it occupies some four-fifths of the working population.
Timely implementation of public infrastructure and oil-related projects would support growth in the medium term, according to the IMF’s latest assessment of the Ugandan economy. Of this, about 56% (700 kilometres (435 mi)), is operational. The economy contracted 3.2% year-on-year in the second quarter, after growth slowed in the first quarter. Uganda’s moderate climate is especially As has been the case with most African countries, economic development and modernization have been enormous tasks that have been impeded by the The economy improved rapidly during the 1990s and early 2000s, and Uganda has been acclaimed for its economic stability and high rates of growth. Projects financed by the Because lakes and rivers cover nearly 20 percent of Uganda, fishing holds considerable potential for the country. Since 1990, with the return of stability to the country, foreign companies and lending institutions have invested in such businesses as textile and steel mills, a car assembly plant, a tannery, bottling and brewing plants, and cement factories.There are a number of cottage industries, which produce a wide variety of domestic and commercial iron and wooden products ranging from security doors, household and farm goods, numerous spare parts, and furniture. It is one of the few African countries praised by the Agriculture accounts for a large share of Uganda’s export earnings and its While Uganda contains adequate timber reserves, exports were banned in 1987 until legislation could be put in place to regulate forestry. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica.Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Agriculture is one of the most important sectors …

Chronic political instability and erratic economic management since the implementation of self-rule has produced a record of persistent economic decline that has left Uganda among the world's poorest and least-developed countries.Uganda began issuing its own currency in 1966 through the Agricultural products supply a significant portion of Uganda's foreign exchange earnings, with coffee alone, of which Uganda is Africa's second largest producer after Ethiopia,As of 2017, Uganda had about 130,000 kilometres (80,778 mi) of roads, with approximately 5,300 kilometres (3,293 mi) (4 percent) paved.As of 2017, Uganda's metre gauge railway network measures about 1,250 kilometres (777 mi) in length. Uganda Economic Outlook. Economy The economy is basically agricultural, and it occupies some four-fifths of the working population.

Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.






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