The revised estimates from UBOS according to the performance of economy report for September,2025 shows that Uganda’s economy grew by 6.3 percent in FY2024/25, up from 6.1 percent the previous financial year.
The major drivers of this growth were increased aggregate demand, investments and exports as reflected in growth of agriculture, industry and services sectors of the economy.
GDP growth was also supported by government programs like the Parish Development Model (PDM), Emyooga and other public investments, as well as favorable weather conditions and a stable macroeconomic environment that boosted production and private sector productivity.
This economic expansion is poised to continue this financial year (FY2025/26) as depicted by the high frequency indicators of economic activity which showed further improvement in the level of economic activity in the months leading to September 2025.
During the month of September 2025, the Ugandan shilling appreciated by 1.8 percent against the US dollar to Shs 3,507.79 per USD from Shs 3,573.13 per USD in August 2025.
The continued strengthening of the shilling is partly supported by offshore investor activity & sustained coffee and mineral export inflows, Foreign Direct Investment (FDI) as well as a boost in remittances from the Ugandan diaspora.
Compared to July 2025, Uganda’s export receipts declined by 15.4 percent, from USD 1,248.04 million, mainly due to lower earnings from coffee, cocoa beans, tea, flowers, and base metals. Earnings from coffee exports dropped by 18.7 percent to USD 202.75 million, as a result of a decline in both the export volumes and the price of Ugandan Coffee between the two months.
