The Ugandan economy in 2023 showed a diversified sector composition. Services accounted for the largest share at 29.21%, reflecting modest year-on-year stability. Agriculture, which includes hunting, forestry, and fishing, contributed 25.51%, indicating its critical role despite a minor variation over the past years. The wholesale, retail trade, and hospitality sector added 16.84%, illustrating growth in consumer and tourism activities. Mining, manufacturing, and utilities marked a 14.53% share, maintaining a stable trend. Construction held an 8.17% contribution, while transport, storage, and communication comprised 5.74%, each showing signs of steady sectoral development.
Future trends in Uganda's GDP composition will likely revolve around digital economy advancements, driven by IT infrastructure investments, and sustainable agricultural practices. Additionally, initiatives in renewable energy and manufacturing could reshape sector balances, potentially leading to increases in mining and manufacturing contributions. Enhanced trade policies may foster retail trade expansion, while infrastructure developments could further boost the construction sector.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 29.21 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 25.51 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.84 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 14.53 | 2016 | |
| 5 | 5 Construction | 8.17 | 2016 | |
| 6 | 6 Transport, storage and communication | 5.74 | 2016 |
