Uganda’s economic performance is impressive, according to the Finance Ministry Permanent Secretary and Secretary to the Treasury. Here are the facts:
- The economy is expected to grow between 6.5% and 7% by the end of 2025.
- Foreign direct investment (FDI) registered a remarkable growth of $3.5 billion for the year ending October, from $922.23 million five years ago.
- The economy was stable with inflation averaging 3.6 percent in the last 12 months to November, below the policy target of 5 percent per annum.
- The Uganda shilling has been rated as the best-performing currency in Africa because of its long-term stability on account of good economic management.
- The export of goods and services increased by 95 percent over the last five years to the current $13.4 billion.
- Uganda registered a balance of payment surplus of $2.37 billion for the year ending October 2025, from a deficit of $683 million a year ago. This is the highest in the last 15 years.
- By the start of December, international reserves had accumulated to $5.99 billion, covering 4.2 months of imports, up from $3.4 billion covering 2.4 months at the same time last year.
- Remittances have recovered and surpassed pre-COVID-19 levels, registered at $1.6 billion for 2024/25.
- Tourism has fully recovered to pre-COVID-19 levels. It brought in $1.5 billion in the financial year 2024/25 from $822.25 million in the financial year 2020/21. The sector continues to be an anchor sector for tenfold growth.
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