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Economy of Uganda vs Ukraine compared: GDP & Debt

Updated on by Georank team

Uganda has a GDP of $53.9B compared to $191B for Ukraine, ranking 89/197 and 57/197 by economy size, respectively.

Uganda has $27.8B in government debt (51.5% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Uganda vs Ukraine GDP by year

Uganda
Ukraine
1x
Year GDP, current $
Uganda Ukraine
2024 $53,911,907,086 $190,741,262,415
2023 $48,768,955,863 $181,221,517,869
2022 $45,565,333,211 $161,989,520,721
2021 $40,529,788,749 $199,765,859,571
2020 $37,600,368,242 $156,617,722,013
2019 $35,353,061,003 $153,883,047,510
2018 $32,927,025,620 $130,891,088,294
2017 $30,744,473,841 $112,090,505,082
2016 $29,203,988,696 $93,355,869,404
2015 $32,387,183,730 $91,030,967,789
2014 $32,612,397,257 $133,503,871,862
2013 $28,915,786,517 $190,498,811,460
2012 $27,305,915,911 $182,591,753,828
2011 $27,871,725,241 $169,333,835,202
2010 $26,673,441,431 $141,209,170,427
2009 $25,127,805,567 $121,552,153,444
2008 $14,440,404,132 $188,110,390,660
2007 $11,902,564,495 $148,733,861,386
2006 $9,977,647,683 $111,884,752,475
2005 $9,239,221,763 $89,238,865,119
2004 $7,939,487,548 $67,220,154,164
2003 $6,606,884,275 $52,010,355,753
2002 $6,178,563,591 $43,956,163,612
2001 $5,840,503,869 $39,309,580,983
2000 $6,193,246,837 $32,375,083,935
1999 $5,998,563,258 $31,580,639,554
1998 $6,584,815,847 $41,882,523,345
1997 $6,269,333,313 $50,151,531,592
1996 $6,044,585,327 $44,558,831,005
1995 $5,755,818,842 $48,213,856,469
1994 $3,990,430,447 $52,549,580,265
1993 $3,220,439,044 $65,648,559,903
1992 $2,857,457,762 $73,945,908,384
1991 $3,321,729,160 $77,350,733,982
1990 $4,304,399,310 $81,393,558,423
1989 $5,276,480,799 $82,709,161,099
1988 $6,508,931,652 $74,703,517,903
1987 $6,269,522,042 $64,087,694,038
1986 $3,923,244,050 -
1985 $3,519,695,444 -
1984 $3,615,647,477 -
1983 $2,240,333,333 -
1982 $2,177,500,000 -
1981 $1,337,300,000 -
1980 $1,244,610,000 -
1979 $2,139,025,000 -
1978 $2,420,260,870 -
1977 $2,936,470,588 -
1976 $2,447,300,000 -
1975 $2,359,555,556 -
1974 $2,098,944,967 -
1973 $1,701,829,789 -
1972 $1,490,970,181 -
1971 $1,417,191,656 -
1970 $1,259,554,809 -
1969 $1,168,556,629 -
1968 $1,037,379,252 -
1967 $967,240,655 -
1966 $925,381,492 -
1965 $884,502,310 -
1964 $589,247,687 -
1963 $516,315,231 -
1962 $449,158,233 -
1961 $441,667,335 -
1960 $423,145,605 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/uganda/ukraine | CC BY

GDP per capita in Uganda vs Ukraine by year

Uganda
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Uganda Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,078 $3,273 $5,038 $18,550
2023 $1,002 $3,098 $4,803 $17,665
2022 $963 $2,919 $3,946 $14,770
2021 $883 $2,685 $4,510 $17,846
2020 $846 $2,532 $3,505 $15,541
2019 $822 $2,441 $3,423 $14,217
2018 $792 $2,312 $2,895 $12,555
2017 $765 $2,158 $2,467 $11,536
2016 $753 $2,165 $2,047 $10,865
2015 $863 $2,190 $1,988 $9,922
2014 $896 $2,134 $2,904 $10,494
2013 $818 $2,045 $4,130 $10,904
2012 $795 $2,032 $3,951 $9,552
2011 $836 $2,268 $3,657 $9,127
2010 $823 $2,092 $3,040 $8,453
2009 $799 $2,015 $2,607 $7,995
2008 $473 $1,931 $4,018 $9,324
2007 $401 $1,795 $3,160 $8,900
2006 $347 $1,660 $2,366 $7,971
2005 $330 $1,497 $1,875 $7,142
2004 $292.4 $1,405 $1,401 $6,663
2003 $250.7 $1,320 $1,076 $5,764
2002 $242 $1,255 $903 $5,123
2001 $236 $1,173 $800 $4,747
2000 $258.1 $1,124 $653 $4,228
1999 $257.9 $1,100 $632 $3,871
1998 $292.5 $1,037 $831 $3,794
1997 $286.8 $1,007 $987 $3,794
1996 $284.7 $969 $870 $3,812
1995 $278.5 $897 $933 $4,124
1994 $198.4 $809 $1,009 $4,565
1993 $165.6 $770 $1,254 $5,766
1992 $152.1 $719 $1,413 $6,568
1991 $183 $703 $1,483 $7,148
1990 $245 $666 $1,564 $7,591
1989 $310 - $1,593 -
1988 $395 - $1,444 -
1987 $393 - $1,244 -
1986 $253.6 - - -
1985 $234.3 - - -
1984 $247.5 - - -
1983 $157.5 - - -
1982 $157 - - -
1981 $98.6 - - -
1980 $93.8 - - -
1979 $164.5 - - -
1978 $190.7 - - -
1977 $237.6 - - -
1976 $203.3 - - -
1975 $201.2 - - -
1974 $183.7 - - -
1973 $152.7 - - -
1972 $137 - - -
1971 $133.5 - - -
1970 $122 - - -
1969 $116.7 - - -
1968 $106.9 - - -
1967 $102.8 - - -
1966 $101.4 - - -
1965 $100 - - -
1964 $68.6 - - -
1963 $62 - - -
1962 $55.5 - - -
1961 $56.2 - - -
1960 $55.4 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/uganda/ukraine | CC BY

Uganda's GDP per capita is $1,078, ranking 176/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Uganda ranks 176th at $3,273, while Ukraine ranks 101st at $18,550.

Economic indicators

Uganda Ukraine
Gross domestic product
$53.9B
2024
$191B
2024
GDP rank
89/197
2024
57/197
2024
GDP growth
6.06%
2023-2024
2.91%
2023-2024
GDP per capita
$1,078
2024
$5,038
2024
GDP per capita rank
176/197
2024
120/197
2024
GDP per capita, PPP
$3,273
2024
$18,550
2024
GDP per capita PPP rank
176/197
2024
101/197
2024
Government debt
$27.8B
2024
$171B
2024
Debt-to-GDP ratio
51.5%
2024
89.7%
2024
Government debt per person
$555
2024
$4,520
2024
Government debt per person rank
163/185
2024
86/185
2024
Average annual personal income after taxes
$1,466
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
34.5%
2019
21.7%
2020
Income share by poorest 10%
2.4%
2019
4.3%
2020
Government expenditure, % of GDP
18.7%
2024
71.3%
2024
Consumer prices inflation
3.3%
2023-2024
6.5%
2023-2024
Central bank interest rate
9.75%
2024
15.5%
2025
Unemployment rate
3.42%
2021
9.83%
2021
Population
53170946
40125599

Spending and national debt comparison by year

Uganda
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Uganda Ukraine
Government spending Government debt Government spending Government debt
2024 18.7% 51.5% 71.3% 89.7%
2023 19.3% 50.5% 73.4% 81.2%
2022 19.5% 50.2% 65.4% 77.7%
2021 22% 50.3% 40.5% 48.9%
2020 21.4% 46.3% 45.6% 60.5%
2019 18.3% 37.5% 41.5% 50.5%
2018 16.2% 34.9% 41.9% 60.4%
2017 16.3% 33.6% 41.7% 71.6%
2016 15.2% 31.3% 40.8% 79.5%
2015 14.9% 28% 43% 79.3%
2014 13.6% 24.8% 44.8% 70.3%
2013 13.3% 22.1% 48.1% 40.5%
2012 13.1% 19.5% 49% 37.5%
2011 13.2% 18% 45.7% 36.9%
2010 15.4% 18.4% 49.2% 40.6%
2009 11.8% 14.8% 48.6% 35.4%
2008 12.9% 15.7% 47.1% 20.4%
2007 13.2% 17% 43.7% 12.3%
2006 13.7% 27.8% 44.6% 14.8%
2005 14.5% 42.6% 44.2% 17.7%
2004 15.6% 49% 41.6% 24.8%
2003 16.5% 55.1% 38.9% 29.4%
2002 16.8% 54.7% 37.9% 33.6%
2001 16.2% 51.4% 36.7% 36.7%
2000 15.2% 48.5% 35.5% 43.8%
1999 14.7% 47.7% 25.8% 59%
1998 14% 45.1% 37.1% 46.5%
1997 13.9% 44.2% 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

GeoRank.org/economy/uganda/ukraine | CC BY

In 2024, Uganda's government spending was $10.1B, accounting for 18.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 51.5% in Uganda and 89.7% in Ukraine, ranking 103/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Uganda

Ukraine
1x
Year Deficit/surplus, % of GDP
Uganda Ukraine
2024 -3.99% -17.2%
2023 -4.87% -19.3%
2022 -5.45% -15.6%
2021 -7.76% -3.97%
2020 -7.76% -5.92%
2019 -4.82% -2.08%
2018 -3.02% -2.12%
2017 -3.83% -2.36%
2016 -2.64% -2.46%
2015 -2.59% -1.16%
2014 -2.74% -4.46%
2013 -3.19% -4.78%
2012 -2.39% -4.31%
2011 -2.04% -2.76%
2010 -4.64% -5.77%
2009 -1.61% -6.27%
2008 -1.99% -3.14%
2007 -0.82% -1.97%
2006 -0.64% -1.36%
2005 -0.17% -2.28%
2004 0.34% -4.41%
2003 -0.97% -0.89%
2002 -2.07% -1.84%
2001 -0.99% -3.03%
2000 -0.62% -3.19%
1999 -1.24% 4.95%
1998 -0.7% -2.69%
1997 -0.83% -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/uganda/ukraine | CC BY

In 2024, Uganda's government deficit, the difference between spending and revenue, was $2.15B, equivalent to 3.99% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 28 years, Uganda recorded a fiscal deficit in 27 of those years, while Ukraine ran a deficit in 27 years. On average, Uganda posted an annual deficit equal to 2.64% of GDP, compared to deficit of 4.49% of GDP for Ukraine.

Inflation comparison by year

Inflation
Uganda

Ukraine
1x
Year Consumer prices inflation
Uganda Ukraine
2024 3.3% 6.5%
2023 5.4% 12.9%
2022 7.2% 20.2%
2021 2.2% 9.4%
2020 2.8% 2.7%
2019 2.1% 7.9%
2018 2.5% 10.9%
2017 5.6% 14.4%
2016 5.2% 13.9%
2015 3.7% 48.7%
2014 4.3% 12.1%
2013 5.5% -0.3%
2012 14% 0.6%
2011 18.7% 8%
2010 4% 9.4%
2009 13% 15.9%
2008 12% 25.2%
2007 6.1% 12.8%
2006 7.2% 9.1%
2005 8.6% 13.5%
2004 3.7% 9%
2003 8.7% 5.2%
2002 -0.3% 0.8%
2001 1.9% 12%
2000 3.4% 28.2%
1999 5.8% 22.7%
1998 5.8% 10.6%
1997 7.7% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/uganda/ukraine | CC BY

Over the past 28 years, Uganda has recorded an average annual inflation rate of 6.08%, compared with 12.8% in Ukraine. In 2024, inflation was 3.3% in Uganda and 6.5% in Ukraine.

Top exports between countries

Uganda
Export category Export value
Chemicals & pharma $1.95M
Processed food, beverages & tobacco $497K
Raw agricultural goods $477K
Machinery & equipment $187K
Metals $22K
Raw materials & minerals $21K
Textiles & consumer goods $1K
Ukraine
Export category Export value
Raw agricultural goods $24.9M
Processed food, beverages & tobacco $3.35M
Machinery & equipment $3.2M
Chemicals & pharma $443K
Miscellaneous $232K
Raw materials & minerals $52K
Metals $36K
Textiles & consumer goods $35K
Animal & marine products $17K
Wood & paper products $2K

Balance of trade

Uganda Ukraine
Current account balance
-$4.29B
2024
-$15.1B
2024
Current account balance ranking
164/190
2024
179/190
2024
Current account balance, % of GDP
-7.96%
2024
-7.94%
2024
Goods imports
$11.7B
2024
$72.3B
2024
Goods exports
$8.67B
2024
$39.3B
2024
Service imports
$4.38B
2024
$22.9B
2024
Service exports
$2.39B
2024
$17.3B
2024
Imports of goods and services, % of GDP
25.9%
2024
48.3%
2024
Exports of goods and services, % of GDP
16.8%
2024
29.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Uganda Ukraine
Economic freedom 52.4 54.1
Economic freedom ranking 149/197 135/197
Property rights 42.2 21.6
Government integrity 25.1 35
Judicial effectiveness 29.4 28.2
Tax burden 73.4 83.7
Government spending 89 0
Fiscal health 58.3 3.9
Business freedom 50.2 57.4
Labor freedom 55.9 46.9
Monetary freedom 77.1 65.7
Trade freedom 58 73
Investment freedom 30 35
Financial freedom 40 30

Economic freedom comparison by year

Uganda
Ukraine
1x
Year Economic freedom index
Uganda Ukraine
2026 52.4 -
2025 51.3 -
2024 50.7 -
2023 51.4 -
2022 54.2 54.1
2021 58.6 56.2
2020 59.5 54.9
2019 59.7 52.3
2018 62 51.9
2017 60.9 48.1
2016 59.3 46.8
2015 59.7 46.9
2014 59.9 49.3
2013 61.1 46.3
2012 61.9 46.1
2011 61.7 45.8
2010 62.2 46.4
2009 63.5 48.8
2008 63.8 51
2007 63.1 51.5
2006 63.9 54.4
2005 62.9 55.8
2004 64.1 53.7
2003 60.1 51.1
2002 61 48.2
2001 60.4 48.5
2000 58.2 47.8
1999 64.8 43.7
1998 64.7 40.4
1997 66.6 43.5
1996 66.2 40.6
1995 62.9 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/uganda/ukraine | CC BY

The Economic Freedom Index for Uganda is 52.4, ranking 149/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Uganda Ukraine
Services, % of GDP
43.1%
2024
60.6%
2024
Industry, % of GDP
24.9%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
24.6%
2024
7.11%
2024
GNI, Atlas method
$50.9B
2024
$184B
2024
GNI per capita, PPP
$3,190
2024
$18,560
2024
Total reserves including gold
$3.36B
2018
$43.8B
2024
Total reserves ranking
114/177
2018
46/177
2024
Net foreign direct investment
-$3.26B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$3.26B
2024
$4.02B
2024
Net outflows of foreign direct investment
$400K
2024
$305M
2024
Servicing debt to the IMF, % of GNI
2.96%
2024
5.42%
2024
Poverty at national poverty lines
20.3%
2019
23.2%
2020
Gross capital formation, % of GDP
22.4%
2024
18.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/uganda/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.