The Ugandan economy reported strong growth in 2019, estimated at 6.3%, largely driven by the expansion of services. Services growth averaged 7.6% in 2019, and industrial growth 6.2%, driven by construction and mining. Agriculture grew at just 3.8%. Retail, construction, and telecommunications were key economic drivers. Inflation is expected to remain below 5%, strengthening the domestic economy.
At the end of 2016, the Ugandan banking sector represented a total asset of $7.0 billion.
Credit distributed to businesses represents $2.2 billion and, more broadly, credit to private sector totaling $3.3 billion.
The Uganda Securities Exchange accounted 18 listed companies, representing, at the end of 2017, a market capitalization of $6.6 billion.