Uganda Economic Outlook

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  • Publication
  • November 28, 2025

Uganda Economic Outlook – FY2025/26

Uganda’s economy remains resilient, with 7% growth projected for FY2025/26. Key drivers include agro-industrialisation, tourism, mineral-based industries, and science & technology.

Inflation is stable at 3.5%, the shilling is strengthening, and oil production is on track for 2026—set to unlock double-digit growth.

Despite rising debt pressures, fiscal reforms and private sector investment will be critical to achieving Uganda’s bold target: $500B GDP by 2040.

Download the full report for insights on opportunities and risks.

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Doreen Mugisha

Doreen Mugisha

Manager | Clients and Markets Development, PwC Uganda

Tel: +256 (0) 312 354 400

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