Source: world bank Nominal/PPP
Summary:
Uganda GDP Per Capita expanded from 1960 to 2024, increasing from $55.38 to $1,077.91 .The compound annual growth rate (CAGR) averaged 4.75% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 61.51%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Uganda Economic Phases (1960 - 2024)
From 1960 to 2024, Uganda economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1965) indicating robust economic expansion
- Expansion (1966–1968) indicating steady moderate growth
- High Growth (1973–1975) indicating robust economic expansion
- Crisis (1978–1980) indicating severe economic downturn
- High Growth (1981–1982) indicating robust economic expansion
- High Growth (1986–1987) indicating robust economic expansion
- Crisis (1989–1992) indicating severe economic downturn
- High Growth (1993–1995) indicating robust economic expansion
- Expansion (1996–1998) indicating steady moderate growth
- Expansion (2002–2003) indicating steady moderate growth
- High Growth (2004–2005) indicating robust economic expansion
- High Growth (2007–2009) indicating robust economic expansion
- Expansion (2010–2011) indicating steady moderate growth
- Expansion (2017–2021) indicating steady moderate growth
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2009 with an increase of 68.967%, while the largest decline was in 1980 at -43.013%.