Uganda's economy is in a recovery phase after falling into negative figures due to the COVID-19 pandemic. Chris Mukiza, who works for Uganda Bureau of Statistics (UBOS) said that basically the economy has seen a slight increase of 148.278 trillion shillings or about 42.4 billion U.S. dollars so far in the year 2020/2021.
Regarding the Gross Domestic Products (GDP), the statistical center has assured that the economy has grown by 3.3% in the current period compared to the previous year 2019/20. The country is only just recovering from the impact caused by COVID-19 where the pandemic began its rebound in March 2020. Agriculture, which is a strong item in Uganda, remained stable at 23.7%.
According to Mukiza the growth is due to the industrial growth, the improved production activities that grew this year. The services sector also remained stable at 41.5%. Other items had declines due to COVID-19 confinement. The Government has been trying to stimulate the economy to counteract the negative impact of the pandemic.
Uganda is currently facing the impact of the second stage of the pandemic, where up to 1,000 confirmed cases per day have been reported. Ministry of Health reports that the pandemic began to spread in June of last year. All government offices, industries and institutions were rapidly affected by COVID-19 cases.
Uganda's President Yoweri Museveni has appeared to unveil the post-COVID-19 measures to gradually revive the economy. However, the government is making every effort to get back on the road to financial recovery in all sectors, including automotive and manufacturing.