Uganda’s Economy Expands to Shs250 Trillion as Growth Rises to 6.4%, UBOS Says

KAMPALA — Uganda’s economy grew by 6.4 percent during the 2025/26 financial year, up slightly from 6.3 percent recorded the previous year, with the size of the economy expanding to Shs250.4 trillion, according to preliminary estimates released by the Uganda Bureau of Statistics (UBOS).

In a statement issued on Tuesday, UBOS said the country’s Gross Domestic Product (GDP) at current market prices increased from Shs227.9 trillion in 2024/25 to Shs250.4 trillion in 2025/26.

“The preliminary estimates of Gross Domestic Product (GDP) indicate that the Ugandan economy is estimated to grow by 6.4 percent in the Fiscal Year (FY) 2025/26 compared to 6.3 percent recorded in FY 2024/25,” the statistics agency said.

The report shows that the services sector remained the largest contributor to economic activity, accounting for 42.1 percent of GDP, followed by agriculture at 26.2 percent and industry at 24.1 percent.

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According to UBOS, “the services sector remained the largest contributor to GDP accounting for 42.1 percent in 2025/26, the same contribution registered in 2024/25.”

Agriculture, forestry and fishing activities grew by 6.5 percent during the year, slightly lower than the 6.8 percent growth registered in the previous financial year.

UBOS attributed the performance to robust growth in crop production.

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“This growth was mainly driven by strong performance in food crops which grew by 4.9 percent and cash crops growing by 12.1 percent,” the report states.

The industrial sector recorded growth of 6.4 percent compared to 6.9 percent a year earlier, supported by gains in manufacturing, construction and electricity production.

“The main contributors to the growth include manufacturing that grew by 5.5 percent, construction by 8.2 percent and electricity growing by 14.4 percent,” UBOS said.

The services sector expanded by 5.5 percent, slightly higher than the 5.4 percent growth recorded in 2024/25.

According to the report, growth in services was “largely attributed to trade and repairs activities, which grew by 6.9 percent,” while accommodation and food services grew by 7.7 percent and financial and insurance activities expanded by 8.3 percent.

The statistics agency noted that financial services recorded one of the greatest improvements during the year, rising from 4.9 percent growth in 2024/25 to 8.3 percent in 2025/26.

Taxes on products, less subsidies, also registered stronger growth, increasing by 11.6 percent compared to 8.3 percent in the previous year.

The latest figures show Uganda’s GDP per capita rising from Shs4.8 million to Shs5.1 million during the year, while GDP per capita in dollar terms increased from $1,306 to $1,420.

The economy’s total value in dollar terms rose to $69.3 billion from $62 billion a year earlier.

UBOS Executive Director Dr. Chris Mukiza, who signed the report dated June 2, said the preliminary estimates point to continued expansion across key sectors of the economy despite varying performances among subsectors.

Key Economic Indicators

Sector Contribution to GDP

Fastest Growing Sub-Sectors