Economy

Economy

Economy

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Gross Domestic Product 2012                   

GDP (purchasing power parity): $ 50.59 billion (2012 est.)

GDP real growth rate: 4.2%

GDP per capita (PPP): $1400

GDP composition by sector

Agriculture: 23.9%

Industry: 26.1%

Services: 49.9%

Inflation: 7.3% in August 2013

Currency: Uganda Shillings (UGX)

Business Languages

The commercial languages include the following

English

Kiswahili

Luganda

Transport

Uganda has approximately  a total of 1,244kilometres of railroads.

There are a total of 70,746 kilometers of roads of which 16, 272 kilometres are paved roads and 54,474 kilometers.

International ways, the Lagos-Mombasa Highway, part of the Trans-African Highway network and aiming to link East Africa and West Africa, passes through Uganda. This is complete only eastwards from theUganda–DR Congo border to Mombasa, linking the African Great Lakes region to the sea

Water ways, Lake Victoria is the principal waterway with commercial traffic. In conjunction with train services, the railway companies of Uganda and Tanzania operate train ferries on the lake between railhead ports of the two countries and Kenya. These ferries load rail coaches and wagons. Jinja and Port Bell are the railheads for Uganda, connecting to Mwanza, Tanzania and Kisumu, Kenya.

Lake Kyoga and the Victoria Nile south of the lake constitute the second most important commercial waterway.

Air transport, the Main International Airport is Entebbe International Airport serving the country.

Energy in Uganda               

The major sources of energy in Uganda include; oil, natural gas, hydro power, biomass, solar, wind, geothermal among others

Challenges facing Uganda

  • Corruption
  • Lack of implementation of polices
  • Poor infrastructures
  • Youth unemployment
  • Food scarcity because of Congo refugees
  • Land wrangles
  • Disease control
  • Inadequate funding facilities especially in education and health sector
  • Poor administrative structures