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Uganda ECONOMY
Gross Domestic Product (GDP): Ush995.6 billion,
or
about US$4.9 billion in FY 1989; per capita income
Ush60,7112, or
about US$304. About 44 percent of GDP originates outside
monetary
economy.
Currency: Uganda shilling (USh). Ush510 = US$1,
official exchange rate, late 1990; parallel market rate
Ush700 =
US$1.
Government Budget: Ush169.26 billion in FY 1990,
including deficit of Ush57.91 billion.
Fiscal Year (FY): July 1 to June 30.
Agriculture: Agricultural activity in monetary
sector
constituted about 26 percent of GDP and 95 percent of
export
revenues; in addition, agriculture accounted for over 90
percent
of nonmonetary economic activity. Cash crops: coffee,
cotton,
tea, tobacco. Food crops: plantains, cassava, sweet
potatoes,
millet, sorghum, corn, beans, groundnuts. Fishing
important for
domestic consumption. Forest areas cover 7.5 million
hectares;
being rapidly depleted despite attempts at regulation.
Energy: Electric generating plants at Owen Falls
and
Murchison (Kabalega) Falls; some oil in western Uganda.
Industry: Mostly processing of agricultural
produce and
production of textiles, wood and paper products, cement,
chemicals. Small part of GDP in late 1980s, with much
unused
capacity.
Mining: Formerly 9 percent of exports; output
nil in
late 1980s, except for construction materials such as sand
and
gravel.
Tourism: Third largest source of foreign
exchange until
destroyed by civil war and unrest during 1970s; slowly
reviving
in late 1980s.
Exports: Coffee, cotton, tea, tobacco. Coffee
chief
export crop and foreign exchange earner.
Imports: Machinery, military equipment and
supplies,
construction materials, oil, vehicles, medical supplies.
Major Trading Partners: Exports to United States
and
Western Europe; imports from Kenya, Britain, Germany,
Italy.
Data as of December 1990
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