6] (41) 259794

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. 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 - with the support of foreign countries and international
agencies - 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
and boosting production and export earnings. In 1990-94, the economy
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. The economy
again prospered in 1994 with rapid growth, low inflation, growing
foreign investment, a trimmed bureaucracy, and the continued return of
exiled Indian-Ugandan entrepreneurs.

National product: GDP - purchasing power parity - $16.2 billion (1994
est.)

National product real growth rate: 6% (1994 est.)

National product per capita: $850 (1994 est.)

Inflation rate (consumer prices): 5% (1994 est.)

Unemployment rate: NA%

Budget:
revenues: $365 million
expenditures: $545 million, including capital expenditures of $165
million (1989 est.)

Exports: $237 million (f.o.b., 1993 est.)
commodities: coffee 97%, cotton, tea
partners: US 25%, UK 18%, France 11%, Spain 10%

Imports: $696 million (c.i.f., 1993 est.)
commodities: petroleum products, machinery, cotton piece goods,
metals, transportation equipment, food
partners: Kenya 25%, UK 14%, Italy 13%

External debt: $2.9 billion (1993 est.)

Industrial production: growth rate 1.5% (1992); accounts for 5% of GDP

Electricity:
capacity: 160,000 kW
production: 780 million kWh
consumption per capita: 32 kWh (1993)

Industries: sugar, brewing, tobacco, cotton textiles, cement

Agriculture: mainly subsistence; accounts for 57% of GDP and over 80%