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Economy of Uganda vs United States compared: GDP & Debt

Updated on by Georank

Uganda has a GDP of $62B compared to $30.8T for the United States, ranking 89/197 and 1/197 by economy size, respectively.

Uganda has $33.6B in government debt (54.2% of GDP), compared to $38.1T (123.9% of GDP) in the United States.

Uganda vs United States GDP by year

Uganda
United States
1x
Year GDP, current $
Uganda United States
2025 $61,985,829,288 $30,769,700,000,000
2024 $53,911,907,079 $29,298,013,000,000
2023 $48,768,955,863 $27,811,517,000,000
2022 $45,565,333,211 $26,054,614,000,000
2021 $40,529,788,749 $23,725,645,000,000
2020 $37,600,368,242 $21,375,281,000,000
2019 $35,353,061,003 $21,539,982,000,000
2018 $32,927,025,620 $20,656,516,000,000
2017 $30,744,473,841 $19,612,102,000,000
2016 $29,203,988,696 $18,804,913,000,000
2015 $32,387,183,730 $18,295,019,000,000
2014 $32,612,397,257 $17,608,138,000,000
2013 $28,915,786,517 $16,880,683,000,000
2012 $27,305,915,911 $16,253,970,000,000
2011 $27,871,725,241 $15,599,732,000,000
2010 $26,673,441,431 $15,048,971,000,000
2009 $25,127,805,567 $14,478,067,000,000
2008 $14,440,404,132 $14,769,862,000,000
2007 $11,902,564,495 $14,474,228,000,000
2006 $9,977,647,683 $13,815,583,000,000
2005 $9,239,221,763 $13,039,197,000,000
2004 $7,939,487,548 $12,217,196,000,000
2003 $6,606,884,275 $11,456,450,000,000
2002 $6,178,563,591 $10,929,108,000,000
2001 $5,840,503,869 $10,581,929,000,000
2000 $6,193,246,837 $10,250,952,000,000
1999 $5,998,563,258 $9,631,172,000,000
1998 $6,584,815,847 $9,062,817,000,000
1997 $6,269,333,313 $8,577,552,000,000
1996 $6,044,585,327 $8,073,122,000,000
1995 $5,755,818,842 $7,639,749,000,000
1994 $3,990,430,447 $7,287,236,000,000
1993 $3,220,439,044 $6,858,559,000,000
1992 $2,857,457,762 $6,520,327,000,000
1991 $3,321,729,160 $6,158,129,000,000
1990 $4,304,399,310 $5,963,144,000,000
1989 $5,276,480,799 $5,641,580,000,000
1988 $6,508,931,652 $5,236,438,000,000
1987 $6,269,522,042 $4,855,215,000,000
1986 $3,923,244,050 $4,579,631,000,000
1985 $3,519,695,444 $4,338,979,000,000
1984 $3,615,647,477 $4,037,613,000,000
1983 $2,240,333,333 $3,634,038,000,000
1982 $2,177,500,000 $3,343,789,000,000
1981 $1,337,300,000 $3,207,041,000,000
1980 $1,244,610,000 $2,857,307,000,000
1979 $2,139,025,000 $2,627,333,000,000
1978 $2,420,260,870 $2,351,599,000,000
1977 $2,936,470,588 $2,081,826,000,000
1976 $2,447,300,000 $1,873,412,000,000
1975 $2,359,555,556 $1,684,904,000,000
1974 $2,098,944,967 $1,545,243,000,000
1973 $1,701,829,789 $1,425,376,000,000
1972 $1,490,970,181 $1,279,110,000,000
1971 $1,417,191,656 $1,164,850,000,000
1970 $1,259,554,809 $1,073,303,000,000
1969 $1,168,556,629 $1,017,438,172,414
1968 $1,037,379,252 $940,225,000,000
1967 $967,240,655 $859,620,034,483
1966 $925,381,492 $813,032,758,621
1965 $884,502,310 $741,904,862,069
1964 $589,247,687 $684,144,620,690
1963 $516,315,231 $637,058,551,724
1962 $449,158,233 $603,639,413,793
1961 $441,667,335 $561,940,310,345
1960 $423,145,605 $541,988,586,207

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

GDP per capita in Uganda vs United States by year

Uganda
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Uganda United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,206 - $90,027 -
2024 $1,078 $3,273 $86,143 $85,810
2023 $1,002 $3,098 $83,041 $82,305
2022 $963 $2,919 $78,178 $77,861
2021 $883 $2,685 $71,486 $71,307
2020 $846 $2,532 $64,475 $64,402
2019 $822 $2,441 $65,605 $65,228
2018 $792 $2,312 $63,201 $62,876
2017 $765 $2,158 $60,322 $60,048
2016 $753 $2,165 $58,207 $57,977
2015 $863 $2,190 $57,040 $56,849
2014 $896 $2,134 $55,304 $55,153
2013 $818 $2,045 $53,410 $53,297
2012 $795 $2,032 $51,784 $51,708
2011 $836 $2,268 $50,066 $50,025
2010 $823 $2,092 $48,651 $48,643
2009 $799 $2,015 $47,195 $47,195
2008 $473 $1,931 $48,570 $48,570
2007 $401 $1,795 $48,050 $48,050
2006 $347 $1,660 $46,302 $46,302
2005 $330 $1,497 $44,123 $44,123
2004 $292.4 $1,405 $41,725 $41,725
2003 $250.7 $1,320 $39,490 $39,490
2002 $242 $1,255 $37,998 $37,998
2001 $236 $1,173 $37,134 $37,134
2000 $258.1 $1,124 $36,330 $36,330
1999 $257.9 $1,100 $34,484 $34,515
1998 $292.5 $1,037 $32,823 $32,854
1997 $286.8 $1,007 $31,430 $31,459
1996 $284.7 $969 $29,937 $29,968
1995 $278.5 $897 $28,661 $28,691
1994 $198.4 $809 $27,662 $27,695
1993 $165.6 $770 $26,353 $26,387
1992 $152.1 $719 $25,381 $25,419
1991 $183 $703 $24,293 $24,342
1990 $245 $666 $23,840 $23,889
1989 $310 - $22,857 -
1988 $395 - $21,417 -
1987 $393 - $20,039 -
1986 $253.6 - $19,071 -
1985 $234.3 - $18,237 -
1984 $247.5 - $17,121 -
1983 $157.5 - $15,544 -
1982 $157 - $14,434 -
1981 $98.6 - $13,976 -
1980 $93.8 - $12,613 -
1979 $164.5 - $11,674 -
1978 $190.7 - $10,565 -
1977 $237.6 - $9,453 -
1976 $203.3 - $8,592 -
1975 $201.2 - $7,801 -
1974 $183.7 - $7,226 -
1973 $152.7 - $6,726 -
1972 $137 - $6,094 -
1971 $133.5 - $5,609 -
1970 $122 - $5,234 -
1969 $116.7 - $5,020 -
1968 $106.9 - $4,685 -
1967 $102.8 - $4,326 -
1966 $101.4 - $4,136 -
1965 $100 - $3,818 -
1964 $68.6 - $3,565 -
1963 $62 - $3,366 -
1962 $55.5 - $3,236 -
1961 $56.2 - $3,059 -
1960 $55.4 - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); U.S. Census Bureau (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

Uganda's GDP per capita is $1,206, ranking 173/197, compared to $90,027 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Uganda ranks 176th at $3,273, while the United States ranks 12th at $85,810.

Economic indicators

Uganda United States
Gross domestic product
$62B
2025
$30.8T
2025
GDP rank
89/197
2025
1/197
2025
GDP growth
6.33%
2024-2025
2.16%
2024-2025
GDP per capita
$1,206
2025
$90,027
2025
GDP per capita rank
173/197
2025
10/197
2025
GDP per capita, PPP
$3,273
2024
$85,810
2024
GDP per capita PPP rank
176/197
2024
12/197
2024
Government debt
$33.6B
2025
$38.1T
2025
Debt-to-GDP ratio
54.2%
2025
123.9%
2025
Government debt per person
$654
2025
$111,531
2025
Government debt per person rank
157/185
2025
2/185
2025
Average annual personal income after taxes
$1,595
2026
$54,600
2026
Market capitalization of domestic companies n/a
$68.9T
2025
Number of millionaires n/a
23,627,000
2026
Number of billionaires n/a
989
2026
Income share by richest 10%
34.5%
2019
30.7%
2024
Income share by poorest 10%
2.4%
2019
1.7%
2024
Government expenditure, % of GDP
22.2%
2025
37.7%
2025
Consumer prices inflation
3.6%
2024-2025
2.95%
2023-2024
Central bank interest rate
9.75%
2024
3.75%
2025
Unemployment rate
3.42%
2021
4.28%
2025
Population
53495325
344434632

Spending and national debt comparison by year

Uganda
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Uganda United States
Government spending Government debt Government spending Government debt
2025 22.2% 54.2% 37.7% 123.9%
2024 18.4% 51.8% 37.7% 122.3%
2023 19.3% 50.4% 37.5% 120%
2022 19.5% 49.9% 36.8% 119.1%
2021 22% 50.3% 43.2% 125%
2020 21.4% 46.8% 44.7% 132.6%
2019 18.3% 38% 35.8% 108.8%
2018 16.2% 35% 35.3% 107.7%
2017 16.3% 33.6% 35.2% 106.4%
2016 15.2% 31.3% 35.3% 107.4%
2015 14.9% 28% 35% 105.4%
2014 13.6% 24.8% 35.3% 104.9%
2013 13.3% 22.1% 35.8% 105%
2012 13.1% 19.5% 37.2% 103.7%
2011 13.2% 18% 38.8% 100%
2010 15.4% 18.4% 39.8% 95.7%
2009 11.8% 14.8% 41.4% 87.1%
2008 12.9% 15.7% 37.1% 73.8%
2007 13.2% 17% 34.6% 64.9%
2006 13.7% 27.8% 33.7% 64.5%
2005 14.5% 42.6% 33.9% 65.8%
2004 15.6% 49% 33.7% 66.4%
2003 16.5% 55.1% 34% 59%
2002 16.8% 54.7% 33.7% 55.9%
2001 16.2% 51.4% 32.8% 53.5%
2000 15.2% 48.5% 31.7% 54.5%
1999 14.7% 47.7% 32.2% 60.5%
1998 14% 45.1% 32.8% 64.2%
1997 13.9% 44.2% 33.7% 67.4%
1996 - - 34.7% 69.9%
1995 - - 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

In 2025, Uganda's government spending was $13.8B, accounting for 22.2% of its GDP, while the United States spent $11.6T, or 37.7% of GDP.

Debt-to-GDP ratio is 54.2% in Uganda and 123.9% in the United States, ranking 93/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Uganda

United States
1x
Year Deficit/surplus, % of GDP
Uganda United States
2025 -7.13% -6.82%
2024 -3.93% -7.86%
2023 -4.87% -7.89%
2022 -5.44% -3.72%
2021 -7.76% -11.5%
2020 -7.76% -14.1%
2019 -4.82% -5.81%
2018 -3.02% -5.33%
2017 -3.83% -4.79%
2016 -2.64% -4.36%
2015 -2.59% -3.53%
2014 -2.74% -4.03%
2013 -3.19% -4.56%
2012 -2.39% -8.11%
2011 -2.04% -9.72%
2010 -4.64% -11%
2009 -1.61% -13.2%
2008 -1.99% -6.61%
2007 -0.82% -2.91%
2006 -0.64% -2.04%
2005 -0.17% -3.07%
2004 0.34% -4.24%
2003 -0.97% -4.77%
2002 -2.07% -3.82%
2001 -0.99% -0.54%
2000 -0.62% 3.62%
1999 -1.24% 2.71%
1998 -0.7% 2.18%
1997 -0.83% 0.88%
1996 - -0.46%
1995 - -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

In 2025, Uganda's government deficit, the difference between spending and revenue, was $4.42B, equivalent to 7.13% of GDP. This compares to the United States' deficit of $2.1T, or 6.82% of GDP.

Over the past 29 years, Uganda recorded a fiscal deficit in 28 of those years, while the United States ran a deficit in 25 years. On average, Uganda posted an annual deficit equal to 2.8% of GDP, compared to deficit of 5% of GDP for the United States.

Inflation comparison by year

Inflation
Uganda

United States
1x
Year Consumer prices inflation
Uganda United States
2025 3.6% -
2024 3.3% 2.95%
2023 5.4% 4.12%
2022 7.2% 8%
2021 2.2% 4.7%
2020 2.8% 1.23%
2019 2.1% 1.81%
2018 2.5% 2.44%
2017 5.6% 2.13%
2016 5.2% 1.26%
2015 3.7% 0.12%
2014 4.3% 1.62%
2013 5.5% 1.46%
2012 14% 2.07%
2011 18.7% 3.16%
2010 4% 1.64%
2009 13% -0.36%
2008 12% 3.84%
2007 6.1% 2.85%
2006 7.2% 3.23%
2005 8.6% 3.39%
2004 3.7% 2.68%
2003 8.7% 2.27%
2002 -0.3% 1.59%
2001 1.9% 2.83%
2000 3.4% 3.38%
1999 5.8% 2.19%
1998 5.8% 1.55%
1997 7.7% 2.34%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

Over the past 28 years, Uganda has recorded an average annual inflation rate of 6.08%, compared with 2.52% in the United States. In 2024, inflation was 3.6% in Uganda and 2.95% in the United States.

Top exports between countries

Uganda
Export category Export value
Raw agricultural goods $92.2M
Raw materials & minerals $28.7M
Chemicals & pharma $6.63M
Machinery & equipment $3.59M
Processed food, beverages & tobacco $3.58M
Animal & marine products $1.73M
Precious metals & jewellery $344K
Wood & paper products $252K
Textiles & consumer goods $83K
Metals $9K
United States
Export category Export value
Machinery & equipment $54.5M
Chemicals & pharma $21.8M
Raw agricultural goods $20.2M
Processed food, beverages & tobacco $9.44M
Wood & paper products $4.19M
Textiles & consumer goods $3.74M
Metals $2.46M
Miscellaneous $2.43M
Animal & marine products $438K
Raw materials & minerals $340K

Balance of trade

Uganda United States
Current account balance
-$4.19B
2024
-$1.12T
2025
Current account balance ranking
160/190
2024
190/190
2025
Current account balance, % of GDP
-7.78%
2024
-3.63%
2025
Goods imports
$11.7B
2024
$3.44T
2025
Goods exports
$8.67B
2024
$2.2T
2025
Service imports
$4.45B
2024
$903B
2025
Service exports
$2.56B
2024
$1.23T
2025
Imports of goods and services, % of GDP
28.8%
2025
14%
2024
Exports of goods and services, % of GDP
21.4%
2025
11%
2024

Economic freedom indices

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

Uganda United States
Economic freedom 52.4 72.8
Economic freedom ranking 149/197 27/197
Property rights 42.2 91.6
Government integrity 25.1 77.1
Judicial effectiveness 29.4 76.4
Tax burden 73.4 75.3
Government spending 89 57.9
Fiscal health 58.3 18.5
Business freedom 50.2 88.6
Labor freedom 55.9 76.3
Monetary freedom 77.1 84.2
Trade freedom 58 67.6
Investment freedom 30 80
Financial freedom 40 80

Economic freedom comparison by year

Uganda
United States
1x
Year Economic freedom index
Uganda United States
2026 52.4 72.8
2025 51.3 70.2
2024 50.7 70.1
2023 51.4 70.6
2022 54.2 72.1
2021 58.6 74.8
2020 59.5 76.6
2019 59.7 76.8
2018 62 75.7
2017 60.9 75.1
2016 59.3 75.4
2015 59.7 76.2
2014 59.9 75.5
2013 61.1 76
2012 61.9 76.3
2011 61.7 77.8
2010 62.2 78
2009 63.5 80.7
2008 63.8 81
2007 63.1 81.2
2006 63.9 81.2
2005 62.9 79.9
2004 64.1 78.7
2003 60.1 78.2
2002 61 78.4
2001 60.4 79.1
2000 58.2 76.4
1999 64.8 75.5
1998 64.7 75.4
1997 66.6 75.6
1996 66.2 76.7
1995 62.9 76.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

The Economic Freedom Index for Uganda is 52.4, ranking 149/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Uganda United States
Services, % of GDP
42.1%
2025
79.7%
2024
Industry, % of GDP
24.3%
2025
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
26.1%
2025
0.85%
2024
GNI, Atlas method
$57.8B
2025
$30.4T
2025
GNI per capita, PPP
$3,410
2025
$89,490
2025
Total reserves including gold
$3.48B
2024
$1.39T
2025
Total reserves ranking
116/177
2024
2/177
2025
Net foreign direct investment
-$3.26B
2024
$21.7B
2025
Net inflows of foreign direct investment
$3.26B
2024
$297B
2024
Net outflows of foreign direct investment
$400K
2024
$322B
2024
Servicing debt to the IMF, % of GNI
2.97%
2024
n/a
Poverty at national poverty lines
16.1%
2023
15.1%
2020
Gross capital formation, % of GDP
22.6%
2025
21.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/uganda/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1960–2026, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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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.