African Economic Outlook 2008
This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa. Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues. This edition includes a special focus on technical and vocational skills development. The second part provides individual country reports for 35 countries. Each country report provides an assessment of recent economic performance, projections for 2008 and 2009, an examination of structural issues, and a discussion of the political and social context. The statistical annex presents 24 tables comparing economic and social variables across all the countries of Africa.
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Uganda
OECD Development Centre
UGANDA CONTINUES TO SUSTAIN THE SUCCESS of the last two decadeswith the economy characterised by high growth and lowinflation.The realGDP growth ratewas 6.0 per cent in the 2006/07 fiscal year and is projected to rise to 6.2 per cent in 2007/08. Economic performance in 2006/07 benefited fromincreased export diversification and investment in construction and services. The base of Uganda’s growth seems to be broadening as reflected in the introduction of newproducts, exports, technology and movement of labour into new occupations. But growth remains belowpotential because of infrastructure constraints, especially the energy deficit, and shocks as a result of flooding that destroyed crops and transport infrastructure in some areas.
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