Uganda Agri-Economic Outlook

Uganda boasts a market-based economy abundant in natural resources and with one of the world’s fastest-growing and youngest populations. Key sectors include agriculture and estimate recoverable oil reserves exceeding 1.4 billion barrels, with initial oil production projected for 2025. Total GDP reached $49 billion in 2022/23, with the service sector leading at 42.6% and driving a 6.2% growth. This report goes into detail of the current situation and Uganda's potential.