Uganda - ECONOMY

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Gross Domestic Product (GDP): Ush995.6 billion, or about US$4.9 billion in FY 1989 per capita income Ush60,7112, or about US$304. About 44 percent of GDP originates outside monetary economy.

Currency: Uganda shilling (USh). Ush510 = US$1, official exchange rate, late 1990 paralÍÍÍÍlel market rate Ush700 = US$1.

Government Budget: Ush169.26 billion in FY 1990, including deficit of Ush57.91 billion.

Fiscal Year (FY): July 1 to June 30.

Agriculture: Agricultural activity in monetary sector constituted about 26 percent of GDP and 95 percent of export revenues in addition, agriculture accounted for over 90 percent of nonmonetary economic activity. Cash crops: coffee, cotton, tea, tobacco. Food crops: plantains, cassava, sweet potatoes, millet, sorghum, corn, beans, groundnuts. Fishing important for domestic consumption. Forest areas cover 7.5 million hectares being rapidly depleted despite attempts at regulation.

Energy: Electric generating plants at Owen Falls and Murchison (Kabalega) Falls some oil in western Uganda.

Industry: Mostly processing of agricultural produce and production of textiles, wood and paper products, cement, chemicals. Small part of GDP in late 1980s, with much unused capacity.

Mining: Formerly 9 percent of exports output nil in late 1980s, except for construction materials such as sand and gravel.

Tourism: Third largest source of foreign exchange until destroyed by civil war and unrest during 1970s slowly reviving in late 1980s.

Exports: Coffee, cotton, tea, tobacco. Coffee chief export crop and foreign exchange earner.

Imports: Machinery, military equipment and supplies, construction materials, oil, vehicles, medical supplies.

Major Trading Partners: Exports to United States and Western Europe imports from Kenya, Britain, Germany, Italy.

Data as of December 1990


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