Uganda

Business in Uganda:

Uganda Market Overview

Uganda continues to take substantial strides to liberalize the economy, contain inflation and allow the economy to grow. Uganda’s GDP grew by nearly six percent in 2003 and is expected to maintain this level of growth in 2004.
Uganda has made strong strides in reducing poverty. The percentage of Ugandans living in poverty dropped from 56 percent in 1992 to 35 percent in 2000 before spiking slightly to 38 percent in 2003. Increasing industrialization and development of cash crops has enabled rural Ugandans to move into a cash economy. While the government has increased spending on health, education, and social services, the annual budgets still reflect heavy spending on government administration and defense.

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