Uganda Profile

    Overview

  1. GDP estimated at $20.03 billion in 2012 (WB)
  2. Per capita GDP was $551.03 in 2012 (WB)
  3. Population estimated at 36.35 million in 2012 (WB)
  4. Economy has underdeveloped transport and energy infrastructure (EIU)
  5. Growing industries include construction, transport, telecom, finance, and crude oil (from newly discovered reserves in Bunyoro region) (EIU)
  6. World Bank ranks Uganda 132nd out of 189 economies for ease of doing business (WB Doing Business Report 2014)
  7. Primary imports are fuel oil (not crude), passenger vehicles, and medicines (GTIS)
  8. Primary exports are unroasted coffee, fish fillets, and wireless phones (GTIS)
  9. The World Economic Forum identified the most problematic factors for doing business as corruption, limited access to financing, inflation, high tax rates, and inadequate supply of infrastructure (WEF)

   

EASE OF TRADING ACROSS BORDERS – UGANDA

2005 2008 2011 2012 2013
Documents needed to import (number) 19 9 9 10 10
Time needed to import (days) 67 37 34 33 33
Cost to import (US$ per container) 2,945 3,290 3,015 3,215 3,375
Documents needed to export (number) 12 7 7 7 7
Time needed to export (days) 42 39 37 33 30
Cost to export (US$ per container) 1,050 3,090 2,880 3,050 2,800
Trading across borders rank (out of 189) N/A N/A 158 114 117

THE MOST PROBLEMATIC FACTORS FOR DOING BUSINESS (WORLD ECONOMIC FORUM GLOBAL COMPETITIVE REPORT – 2013-14: PERCENTAGE OF RESPONDENTS)

Problematic Factor Rank (%)
Access to financing 17.4
Corruption 23.0
Tax rates 10.0
Inflation 9.7
Foreign currency regulations 1.6
Inadequate supply of infrastructure 13.2
Policy instability 2.9
Insufficient capacity to innovate 2.2
Inefficient government bureaucracy 6.1
Inadequately educated workforce 1.9
Poor work ethic in national labor force 5.4
Crime and theft 2.2
Restrictive labor regulations 0.7
Tax regulations 2.1
Government instability/coups 0.0
Poor public health 1.7