Uganda has one of the youngest and fastest growing populations on the African continent
, with projections that the population will reach 90 million by 2050. It also has a large and vibrant informal sector, and entrepreneurial skills continue to flourish.
Inflation has been a concern but is forecast to fall to 4.7% in 2015 before rebounding slightly to 6.8% in 2016.
The discovery of oil in 2008 has been a game changer for this East African country
, with production due to start around early 2018. It will make a significant contribution to GDP and drive growth through forex earnings.
- Population: 36 350 000
- Nominal GDP: USD24.9 billion
- Real GDP growth: 5.4%
- Consumer inflation: 4.7%
* 2015 forecast