CARSON
embassy:
Parliament Avenue, Kampala
mailing address:
P. O. Box 7007, Kampala
telephone:
[256] (41) 259792, 259793, 259795
Flag:
six equal horizontal bands of black (top), yellow, red, black, yellow,
and red; a white disk is superimposed at the center and depicts a
red-crested crane (the national symbol) facing the staff side

@Uganda, Economy

Overview:
Uganda has substantial natural resources, including fertile soils,
regular rainfall, and sizable mineral deposits of copper and cobalt.
The economy has been devastated by widespread political instability,
mismanagement, and civil war since independence in 1962. (GDP remains
below the levels of the early 1970s, as does industrial production.)
Agriculture is the most important sector of the economy, employing
over 80% of the work force. Coffee is the major export crop and
accounts for the bulk of export revenues. Since 1986 the government
has acted to rehabilitate and stabilize the economy by undertaking
currency reform, raising producer prices on export crops, increasing
prices of petroleum products, and improving civil service wages. The
policy changes are especially aimed at dampening inflation, which was
running at over 300% in 1987, and boosting production and export
earnings. In 1990-93, the economy has turned in a solid performance
based on continued investment in the rehabilitation of infrastructure,
improved incentives for production and exports, and gradually
improving domestic security.
National product:
GDP - purchasing power equivalent - $24.1 billion (1993 est.)
National product real growth rate:
6% (1993 est.)
National product per capita:
$1,200 (1993 est.)
Inflation rate (consumer prices):
41.5% (1992 est.)
Unemployment rate:
NA%
Budget:
revenues:
$365 million
expenditures:
$545 million, including capital expenditures of $165 million (1989
est.)
Exports:
$150 million (f.o.b., 1992 est.)
commodities:
coffee 97%, cotton, tea
partners:
US 25%, UK 18%, France 11%, Spain 10%
Imports:
$513 million (c.i.f., 1992 est.)
commodities:
petroleum products, machinery, cotton piece goods, metals,
transportation equipment, food
partners:
Kenya 25%, UK 14%, Italy 13%
External debt:
$1.9 billion (1991 est.)
Industrial production:
growth rate 8% (1992 est.); accounts for 5% of GDP
Electricity:
capacity:
200,000 kW
production:
610 million kWh
consumption