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Uganda Economic Update, 10th Edition, December 2017 : Accelerating Uganda's Development, Ending Child Marriage, Educating Girls.

World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online

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Format:
Book
Government document
Author/Creator:
World Bank Group.
Series:
Economic Updates and Modeling.
World Bank e-Library.
Economic Updates and Modeling
Language:
English
Subjects (All):
Access and Equity in Basic Education.
Adolescent Health.
Economic Forecasting.
Economic Growth.
Education.
Education For All.
Fiscal and Monetary Policy.
Gender.
Gender and Economic Policy.
Gender and Social Policy.
Health, Nutrition and Population.
Inequality.
Macroeconomics and Economic Growth.
Poverty Reduction.
Reproductive Health.
Local Subjects:
Access and Equity in Basic Education.
Adolescent Health.
Economic Forecasting.
Economic Growth.
Education.
Education For All.
Fiscal and Monetary Policy.
Gender.
Gender and Economic Policy.
Gender and Social Policy.
Health, Nutrition and Population.
Inequality.
Macroeconomics and Economic Growth.
Poverty Reduction.
Reproductive Health.
Other Title:
Uganda Economic Update, 10th Edition, December 2017
Place of Publication:
Washington, D.C. : The World Bank, 2017.
System Details:
data file
Summary:
Following decades of sustained economic growth during which Uganda made dramatic progresstowards poverty reduction, the country has recently experienced a period of economic growthslow down. To return to higher rates of economic growth and poverty reduction, the Government mustaddress fundamental constraints. Facing a range of internal and external shocks, Uganda's economy has grown at the average annual rate of 4.5 percent over the past five years, far lower than the historical average of about 7.8 percent. The recent deceleration in growth affected all sectors of the economy. With these lower growth rates, combined with other external shocks to the households, the remarkable progress that Uganda had made towards reducing poverty since 1992 has been reversed. In the period from 1992 to 2013, the national poverty rate declined from 56 percent to 19.7 percent. Since then, it has rebounded, increasing to a preliminary 27 percent. For Uganda to again achieve higher rates of economic growth and poverty reduction, it must address two fundamental factors: its low levels of productivity and the vulnerability if its people to poverty.

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