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- May 11, 2013
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Kainchi kadogo ila wanajituma...
Uganda has reached the middle-income status despite an onslaught of crises in the past three years, President Yoweri Museveni said on Tuesday.
According to official data, the nation’s economy stood at about $45.7 billion by the exchange rate method or $131 billion by the purchasing power parity (PPP) system, one week to the
“This means that the GDP per capita is $1046. We have now passed that figure of middle-income status ($1,030),” Mr Museveni observed as he delivered the annual State of the Nation Address in Kampala.
Speaking in-person to mainly ruling NRM party legislators, Mr Museveni on June 7 expressed confidence that Uganda would maintain its spot above the middle-income status GDP per capita minimum of about $1,030.
“You need to sustain this for two to three consecutive years to be declared a middle-income country,” he echoed.
Soma: Uganda is a middle-income country, says Museveni
Uganda has reached the middle-income status despite an onslaught of crises in the past three years, President Yoweri Museveni said on Tuesday.
According to official data, the nation’s economy stood at about $45.7 billion by the exchange rate method or $131 billion by the purchasing power parity (PPP) system, one week to the
“This means that the GDP per capita is $1046. We have now passed that figure of middle-income status ($1,030),” Mr Museveni observed as he delivered the annual State of the Nation Address in Kampala.
Speaking in-person to mainly ruling NRM party legislators, Mr Museveni on June 7 expressed confidence that Uganda would maintain its spot above the middle-income status GDP per capita minimum of about $1,030.
“You need to sustain this for two to three consecutive years to be declared a middle-income country,” he echoed.
Soma: Uganda is a middle-income country, says Museveni