The growth is mainly attributed to:
- Rebounding of cash crops from an average negative growth of 1.5% per year for the last five years to a positive growth of 6.6 % in this year.
- Increase in the construction sector principally on account of infrastructure investment.
- Increase in Information and Telecommunications contributing to the services sector growth.
The IMF projects that Uganda’s GDP will grow by 5.8% in 2015/16 mainly supported by scaled-up public investment and recovery of private consumption supported by stronger credit growth.
Strong growth, subdued inflation, high international reserves, a sound financial system and relatively low government debt continue to provide buffers to shield the Ugandan economy against shocks.