Finance of Uganda

The minimum monthly wage in Uganda is 2 USD. Uganda has a government debt of 26.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Uganda is 6.2%. The currency of Uganda is Ugandan shilling. The plural form of the word Ugandan shilling is shillings. The symbol used for this currency is Sh, and it is abbreviated as UGX. The Ugandan shilling is divided into cent; there are 100 in one shilling. Each year, consumers spend around $14,324 million. The ratio of consumer spending to GDP in Uganda is 0.05%, and the ratio of consumer spending to the world consumer market is 4.13%. The corporate tax in Uganda is set at 30%. Personal income tax ranges from 5% to 10%, depending on your specific situation and income level. VAT in Uganda is 18%. In 2013, Uganda received 1655.1 million USD in foreign aid.In 2014, the foreign aid amounted to 1577.8 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Uganda is $75,077 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Uganda was last recorded at $1,695,867. PPP in Uganda is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Uganda is 26,444 billion. Based on this statistic, Uganda is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Uganda was last recorded at $597,327. The average citizen in Uganda has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Uganda averaged 5.9% in 2014. According to this percentage, Uganda is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.