Economic activity
GDP Growth
Economy grows 6.6% despite quarterly slowdown
Uganda’s economy expanded in April–June, but weaker services slowed quarterly growth and household spending barely increased
Purchasing Managers’ Index
Private sector picks up pace in April despite fuel-driven cost pressures
Uganda's private sector expanded for a 15th month as the PMI rose to 55, though rising fuel costs and a declining BTI weighed on firms
Purchasing Managers’ Index
Fuel costs temper steady private-sector expansion at quarter-end
Uganda’s PMI rose to 54.3 in March while BTI eased, as fuel costs and weak construction tempered momentum
Uganda’s oil moment approaches — but the risks are multiplying
Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook
Business conditions strengthen in February
The Stanbic Bank Uganda PMI jumped to 54.2 in February as output, employment, and new orders all rose across monitored sectors
Private sector extends growth streak to a year
Uganda's PMI reading of 52.6 extended the private sector's growth streak to a year, despite some disruption from the election period
Private sector growth gains momentum at year-end
Business conditions in Uganda’s private sector strengthened at the close of 2025, with growth edging higher in December according to the latest survey of purchasing managers
Private sector growth accelerates in November
Business conditions in Uganda's private sector strengthened in November, with growth accelerating for the second time in three months, according to a closely watched survey