• EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home OpEd

TIMOTHY KALYEGIRA: Uganda’s GDP growth since 1986 — correcting President Museveni

PML DAILY EDITOR | PML Daily EditorialbyPML DAILY EDITOR | PML Daily Editorial
January 27, 2022
14 0
10
SHARES
200
VIEWS
FacebookWhatsAppTwitter
Veteran journalist Timothy Kalyegira (PHOTO/File)

KAMPALA —Speaking at a ceremony yesterday to commemorate the 36th anniversary of the NRM’s rise to state power, President Museveni said Uganda’s GDP has grown by 31 times since 1986.

That is not accurate.

Uganda’s economy, was $4.2 billion in Jan. 1986 when the NRM came to power.

Adjusted for inflation, that’s $10.6 billion in Dec. 2021 dollars. Uganda’s GDP in late 2021 was $32.5 billion.

So Uganda’s economy or GDP has grown by three times since 1986, NOT 31 times as President Museveni said.

If Uganda’s GDP had grown by 31 times since 1986, today Uganda would be Africa’s second-largest economy, behind only Nigeria and South Africa would be in third place.

Interestingly, Uganda’s GDP per capita was $241.75 in 1985, the year before the NRM came to power.

Adjusted for inflation in 2022 dollars, that’s $614 per capita.

Today, Jan. 2022, Uganda’s per capita GDP is 897.

So, over the past three and a half decades, Uganda’s GDP per capita (the income per citizen) has not grown very much.

This might explain the common view among ordinary people that they hear of all this impressive economic growth but don’t feel it in their pockets.

Related

Leave a comment

Tags: top

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Discussion about this post

Advertisement

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us



  • EDITORIAL POLICY
  • ABOUT US

© 2022

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist