Source: world bank Nominal/PPP
Summary:
Uganda GDP Per Capita expanded from 1960 to 2024, increasing from $0.42 to $53.91 .The compound annual growth rate (CAGR) averaged 7.88% 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 57.82%, indicating the largest cyclical decline from peak levels. The country experienced 7 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.
- Expansion (1961–1962) indicating steady moderate growth
- High Growth (1963–1965) indicating robust economic expansion
- Expansion (1966–1967) indicating steady moderate growth
- High Growth (1968–1975) 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 (1993–1996) indicating robust economic expansion
- High Growth (2002–2010) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- Contraction (2015–2016) indicating temporary slowdown
- High Growth (2017–2024) indicating robust economic expansion
The most remarkable growth occurred in 2009 with an increase of 74.01%, while the largest decline was in 1980 at -41.814%.