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All values, unless otherwise stated, are in US dollars.
The economy of Uganda has a great potential and appears poised for rapid growth and development.[17]Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
Chronic political instability and erratic economic management since the implementation of self-rule has produced a record of persistent economic decline that has left Uganda among of the world's poorest and least-developed countries.[18] The informal economy, which is predominantly female, is broadly defined as a group of vulnerable individuals without protections in regards to their work.[19] Women face a plethora of barriers specific to gender when attempting to access the formal economy of Uganda, and research revealed prejudice against lending to women in the informal sector.[20][21] The national energy needs have historically exceeded the domestic energy generation, though large petroleum reserves have been found in the country's west.[22]
After the turmoil of the Amin period, the country began a program of economic recovery in 1981 that received considerable foreign assistance. From mid-1984 onward, overly expansionist fiscal and monetary policies and the renewed outbreak of civil strife led to a setback in economic performance.[23]
The economy has grown since the 1990s; real gross domestic product (GDP) grew at an average of 6.7% annually during the period 1990–2015,[24] whereas real GDP per capita grew at 3.3% per annum during the same period.[24] During this period, the Ugandan economy experienced economic transformation: the share of agriculture value added in GDP declined from 56% in 1990 to 24% in 2015; the share of industry grew from 11% to 20% (with manufacturing increasing at a slower pace, from 6% to 9% of GDP); and the share of services went from 32% to 55%.[24]
^Snyder, Margarget (2000). Women in African Economies: From Burning Sun to Boardroom. Kampala: Fountain Publishers Ltd. pp. 5–6. ISBN9970-02-187-7.
^Okurut, F. N.; Schoombee, A.; Berg, S. Van Der (2005). "Credit Demand and Credit Rationing in the Informal Financial Sector in Uganda1". South African Journal of Economics. 73 (3): 482–497. doi:10.1111/j.1813-6982.2005.00033.x. hdl:10019.1/50308. ISSN1813-6982.
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