Uganda’s GDP to reach sh250 trillion next year

The economy grew by 6.1% in 2023/24 from 5.3% in 2022/23, and is projected to grow by 6.4% in the current financial year (2024/25). This is compared to an average growth rate of 3.5% for most sub-Saharan African countries.

In this file photo, Uganda's President Yoweri Kaguta Museveni launches Oil production by CNOOC Rig at Kingfisher in Kikuube district. Uganda’s economy is projected to grow strongly, with gross domestic product (GDP) expected to rise from $59.3b (about sh222.7 trillion) in the current financial year to $66.1b (sh250 trillion) next financial year (2025/26).