{UAH} Uganda Ranked 3rd Poorest Country In The World (Based On GDP)

Frank Mujabi/ Jonh Kwitonda,

Sometimes I dont understand clever people like Dr Edward Kayondo and Ingram Kampe. Dont they see our country has been brought down to its knees and is in total ruins? Kayibanda's 32 year corrupt and feral  mis-rule has been a monumental disaster for our country. In purely economic terms, Ugandans were at least 150 times better off in 1986 than they are today. The country is in a total economic meltdown and the pot-bellied buffoon does not have a single clue what to do. How can giving brown envelopes and demonstrating irrigation with water bottles lift our country out of total devastation and ruin? We are now the poorest country in the world, with a life expectancy of just 47 years, also the lowest in the world.  We are ruined, with nowhere to run and nowhere to hide, unless we gut and puncture the potbelly.

Bobby

MY MONEY

Uganda Ranked 3rd Poorest Country In The World (Based On GDP)

Published

 1 day ago 

on

 September 2, 2018

By

 Grapevine News 

A report from focus-economics.com has ranked Uganda as the 3rd poorest country based on Gross Domestic Product (GDP) in the world.

GDP is one of the primary indicators of a country's economic performance. It is calculated by either adding up the annual incomes of all working-age citizens or by totaling the value of all final goods and services produced in the country during the year. Per capita GDP is sometimes used as a standard of living indicator, with a higher per capita GDP equating to a higher standard of living.

"GDP per capita is often considered an indicator of the standard of living of a given country, as it reflects the average wealth of each person residing in a country. It is therefore the standard method used to compare how poor or wealthy countries are in relation to each other. With 2018 just under way, we decided to take a look at our forecasts for GDP per capita from 2018 to 2022 for the 127 countries we cover to get an idea of what countries are the poorest currently and which will be making a leap toward becoming wealthier in the coming years. The projections used in this study are Consensus Forecasts based on the individual forecasts of over 900 world renowned investment banks, economic think tanks and professional economic forecasting firms," the website writes.

About Uganda, the report states, "Uganda finds itself in third place on the list with a 2018 projected GDP per capita of USD 738. Although this represents a large leap from the level of the first two on the list, Uganda is a bit of a strange case. Following the 1986 armed conflict, the ruling political party National Resistance Movement (NRM), enacted a series of structural reforms and investments that led to a period of significant economic growth and poverty reduction all the way up to 2010. In the last five years or so, economic growth has slowed and consequently so has the pace of poverty reduction. There are a variety of factors that have brought on the slowdown, however, it has been attributed mostly to adverse weather, private sector credit constraints, the poor execution of public sector projects and unrest in their neighbor South Sudan, which has flooded the country with refugees fleeing the country and subdued exports. According to the World Bank, if Foreign Direct Investment accelerates, the banking system stabilizes, and budgeted, capital spending is executed without delays, the economy may start to pick up once again, helping to reduce poverty.

Luckily for Uganda, it appears the FDI is indeed improving as it expanded by double digits in 2017, which bodes well for the economy and poverty reduction in the near future. The downside risk to the outlook is the weakness in the financial system, particularly the low level of credit in the private sector and the high cost of small loans. FocusEconomics panelists see growth of 5.4% in 2018 and 5.8% in 2019." Below is the full list:

 

2018 Rank	Country	GDP per Cap 2018 (projected)	GDP per Cap 2016 (Actual)	2016 Rank	GDP per Cap 2022 (projected)	2022 Rank
1	DRC	468.2076	440.9842	2	631.9861	2
2	Mozambique	485.6679	383.1195	1	578.8407	1
3	Uganda	737.8687	694.2869	3	897.6487	3
4	Tajikistan	835.9737	806.0073	6	1085.773	4
5	Haiti	873.9934	705.3676	4	1153.522	5
6	Ethiopia	938.1304	883.8655	7	1253.024	6
7	Yemen	998.4961	761.088	5	1501.568	9
8	Uzbekistan	1025.504	2144.655	22	1646.637	10
9	Tanzania	1112.21	975.859	8	1362.394	7
10	Kyrgyzstan	1221.712	1080.689	9	1446.402	8
11	Myanmar	1432.801	1231.791	10	2134.979	15
12	Zambia	1461.506	1299.422	12	1665.591	11
13	Cambodia	1494.199	1268.826	11	1967.887	12
14	Pakistan	1609.103	1465.591	14	2004.865	13
15	Bangladesh	1618.685	1371.748	13	2374.252	18
16	CDI	1737.16	1517.963	15	2279.192	17
17	Kenya	1761.482	1557.898	17	2092.147	14
18	Ghana	1767.604	1539.536	16	2245.091	16
19	India	2174.133	1742.058	18	3087.243	21
20	Nigeria	2216.672	1975.526	20	2670.87	20
21	Nicaragua	2276.476	2151.236	23	2643.961	19
22	Egypt	2497.835	3689.49	34	3666.88	27
23	Vietnam	2566.532	2109.914	21	3412.303	23
24	Moldova	2616.058	1924.746	19	3511.613	24
25	Ukraine	2638.074	2169.044	24	3576.092	26
26	Laos	2689.059	2400.304	25	3535.01	25
27	Honduras	2834.203	2631.252	26	3157.905	22
28	Philippines	3164.74	2926.438	27	4378.544	31
29	Bolivia	3398.316	3113.914	29	4045.165	30
30	Morocco	3399.481	3011.579	28	3968.448	29
31	Tunisia	3552.575	3719.063	35	3864.81	28
32	Armenia	3941.751	3578.193	31	4908.447	35
33	Mongolia	3980.608	4075.311	41	5940.182	43
34	Algeria	4094.787	3903.194	38	4508.672	32
35	Indonesia	4109.704	3605.222	32	5439.364	39
36	Azerbaijan	4153.154	3507.727	30	5658.588	42
37	Georgia	4198.04	3946.083	39	5993.943	44
38	Sri Lanka	4282.559	3811.488	37	5544.294	40
39	Venezuela	4368.119	4778	48	4925.365	36
40	Iraq	4436.796	4547.616	46	5046.504	37
41	Kosovo	4495.335	3672.294	33	6024.757	45
42	El Salvador	4509.722	4226.656	44	5135.928	38
43	Paraguay	4516.276	3991.964	40	6169.961	46
44	Belize	4651.313	4630.585	47	4799.132	33
45	Guatemala	4703.326	4125.903	42	5548.938	41
46	Angola	4725.743	3721.601	36	4903.343	34
47	Albania	5192.632	4142.339	43	6824.766	50
48	Bosnia	5209.645	4517.359	45	6757.568	48
49	Jamaica	5374.142	4968.894	50	6209.366	47
50	Iran	5727.839	5231.508	52	7048.236	52
51	Jordan	5904.414	5541.111	55	6768.028	49
52	Belarus	5979.214	4914.952	49	7400.126	54
53	Macedonia	6112.687	5212.371	51	8016.382	56
54	Ecuador	6140.741	5966.118	57	6850.166	51
55	South Africa	6342.13	5335.191	53	7127.819	53
56	Colombia	6671.489	5800.91	56	7880.529	55
57	Serbia	6755.329	5446.652	54	9017.78	59
58	Thailand	6965.455	5969.76	58	8322.678	57
59	Peru	7049.746	6178.552	59	8361.598	58
60	Dominican Republic	7334.704	6766.407	60	9159.166	60
61	Turkmenistan	7456.266	6921.015	61	10311.37	62
62	Botswana	8512.711	7297.961	63	9574.504	61
63	Montenegro	8585.437	7022.697	62	10909.39	63
64	Bulgaria	9210.746	7507.744	64	12281.7	66
65	Kazakhstan	9374.124	7852.118	65	11848.74	65
66	Mexico	9706.379	8796.565	68	12668.89	67
67	China	9766.357	8103.066	66	13108.97	68
68	Brazil	10199.39	8720.176	67	11815.55	64
69	Turkey	10941.74	10805.09	73	14012.61	71
70	Costa Rica	10969.64	10666.89	72	13223.71	69
71	Malaysia	11093.39	9427.831	70	14580.94	72
72	Romania	11600.14	9510.628	71	16486.5	74
73	Russia	11664.74	8933.798	69	13570.09	70
74	Lebanon	12385.41	11292.64	74	15060.66	73
75	Croatia	14729.96	12230.22	75	18340.22	77
76	Argentina	14881.05	12507	77	17082.55	75
77	Hungary	15774.98	12822.99	78	20664.73	81
78	Panama	15793.39	14322.74	81	19630.67	79
79	Chile	15796.06	13585.68	79	19124.89	78
80	Poland	15953.16	12412.96	76	21438.44	82
81	Trinidad	16784.46	16091.78	84	20259.31	80
82	Oman	16848.18	16646.1	86	18020.52	76
83	Latvia	17590.22	14032.5	80	23129.31	83
84	Uruguay	18264.38	14942.53	83	23457.4	84
85	Lithuania	18955.37	14942.53	82	25487.88	87
86	Slovakia	19741.33	16549.46	85	25499.87	88
87	Greece	20600.22	17919.14	88	25042.87	86
88	Saudi Arabia	21814.52	20312.95	91	24865.64	85
89	Estonia	22408.15	17793.45	87	29662.79	91
90	Portugal	23472.93	19893.46	90	28456.84	89
91	Czech Republic	24150.93	18552.02	89	31987.27	94
92	Bahrain	25876.4	24305.31	95	29496.51	90
93	Taiwan	25950	22628.72	93	29862.84	92
94	Kuwait	26193.48	26231.85	97	30496.88	93
95	Slovenia	26332.4	21719.96	92	33070.55	96
96	Cyprus	27628.76	23702.83	94	33157.46	97
97	Brunei	27631.4	26958.03	99	32456.92	95
98	Puerto Rico	30785.55	30790.08	101	38609.33	99
99	Malta	31222.64	25368.66	96	39689.85	101
100	Spain	31684.34	26730.29	98	38722.39	100
101	Korea	32116.98	27534.89	100	38501.28	98
102	Italy	34964.68	30790.56	102	40963.66	103
103	UAE	35810.02	35378.11	103	40613.18	102
104	Japan	39326.88	39189.51	107	45250.71	104
105	New Zealand	42296.78	39075.31	106	47555.63	106
106	Israel	42605.59	37092.17	104	47541.27	105
107	United Kingdom	42712.54	40535.31	108	51243.24	107
108	France	43533.1	38236.2	105	51427.33	108
109	Hong Kong	47094.64	43544.18	112	55478.03	110
110	Canada	47584.47	42409.73	111	53768.91	109
111	Belgium	47980.08	41551.59	109	56380.1	111
112	Germany	49082.64	42270.89	110	59385.92	112
113	Finland	50559.41	43557.5	113	60133.76	113
114	Austria	52284.4	44907.32	114	62176.49	114
115	Netherlands	53339.85	45746.92	115	64251.35	115
116	Australia	57432.85	51899.34	117	66695.32	116
117	Singapore	58090.72	55163.19	119	67629.88	117
118	Sweden	58429.58	51480.74	116	73332.43	121
119	Qatar	59074.09	58211.29	121	72813.63	120
120	Denmark	60789.46	53907.48	118	71931.15	119
121	United States	62009.81	57607.78	120	70437.55	118
122	Ireland	77182.55	64907.43	123	93344.89	123
123	Iceland	77314.73	59523.81	122	95788.6	124
124	Norway	79214.45	70875.86	124	101150.4	125
125	Switzerland	82188.71	81245.83	125	90239.11	122
126	Luxembourg	117274.8	102230.9	126	136074.3	126

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