Markets · News
Uganda raises benchmark rate to 12% as shilling slides
The central bank raises its rate by 2.25 percentage points and lowers its growth forecast, under pressure from the exchange rate and energy prices.
Country
GDP growth
6.7%
2025 · 2026 : 7.5% (projection)
Inflation
3.6%
2025 · 2026 : 4.0% (projection)
Public debt
54.2%
2025 · % of GDP · 2026 : 55.0% (projection)
Fiscal balance
-7.1%
2025 · % of GDP · 2026 : -5.9% (projection)
Current account balance
-6.2%
2025 · % of GDP · 2026 : -3.9% (projection)
Nominal GDP
66.0 bn USD
2025 · 2026 : 73.4 bn USD (projection)
GDP per capita
1,375 USD
2025 · 2026 : 1,476 USD (projection)
Population
51.4 million
2025
En %
Source : IMF World Economic Outlook
| Observed or estimated | IMF projection | |
|---|---|---|
| 2015 | 8 | — |
| 2016 | 0,2 | — |
| 2017 | 6,8 | — |
| 2018 | 5,6 | — |
| 2019 | 7,6 | — |
| 2020 | -1,2 | — |
| 2021 | 5,5 | — |
| 2022 | 6,2 | — |
| 2023 | 5 | — |
| 2024 | 6 | — |
| 2025 | 6,7 | 6,7 |
| 2026 | — | 7,5 |
| 2027 | — | 8,2 |
| 2028 | — | 7 |
| 2029 | — | 6,7 |
| 2030 | — | 6,2 |
| 2031 | — | 5,9 |
En %
Source : IMF World Economic Outlook
| Observed or estimated | IMF projection | |
|---|---|---|
| 2015 | 3,7 | — |
| 2016 | 5,2 | — |
| 2017 | 5,6 | — |
| 2018 | 2,5 | — |
| 2019 | 2,1 | — |
| 2020 | 2,8 | — |
| 2021 | 2,2 | — |
| 2022 | 7,2 | — |
| 2023 | 5,4 | — |
| 2024 | 3,3 | — |
| 2025 | 3,6 | 3,6 |
| 2026 | — | 4 |
| 2027 | — | 4,9 |
| 2028 | — | 4,8 |
| 2029 | — | 5 |
| 2030 | — | 5 |
| 2031 | — | 5 |
Sources: IMF World Economic Outlook (key figures, growth and inflation; estimates and projections from 2026); World Bank World Development Indicators (population and structural indicators). The latest available year is shown for each figure.
Markets · News
The central bank raises its rate by 2.25 percentage points and lowers its growth forecast, under pressure from the exchange rate and energy prices.