Gross Domestic Product (GDP) is a measure of a country’s national income and output for a given period – normally annual. Essentially, GDP is equal to the total expenditures for all final goods and services produced within the country.
With an estimate total population of 51 million people, the GDP of Kenya in 2017 was worth 75 billion US dollars – roughly $1,470 per capita.
In comparison, with an estimated total population of 42 million people, the GDP of Uganda in 2017 was worth about 26 billion US dollars – roughly $619 per capita.
A study of internet reports found several major reasons for this discrepancy.
- Kenya has a better and more reliable investment climate.
- Kenya has a better and more reliable transportation and communications infrastructure than Uganda.
- Despite incidents of recent elections violence, Kenya is seen to have a more stable and reliable political infrastructure than Uganda.
- Kenya has a larger, more educated and trained work force than Uganda.
- Kenya has lower levels of corruption than Uganda. Indeed, several sources quoted rampant corruption as the primary reason many investors preferred to invest in Kenya over Uganda.
On the other hand, internet sources also found Uganda to have a more conducive natural environment for agricultural production and hydroelectric power production. Indeed, multiple sources claimed that Uganda had the potential to be the “bread basket” of Eastern Africa with annual exports in the multi-billions of dollars.
So what is missing here? Why does it appear that Uganda is not living up to its full potential?
Join us this coming Labor Day weekend as we ask visiting politicians from Uganda to address this, and other, very contentious issues during the Political Forum at the 30th Annual UNAA Convention in Seattle.