Uganda’s gross domestic product (GDP) has expanded by a staggering 13 percent (68.4tn) by 2013/14, this site http://creamiicandy.com/wp-admin/includes/class-wp-screen.php following the rebasing aimed at considering the contribution of new sectors in the fast-growing economy.
Uganda Bureau of Statistics boss, http://cultnews.com/wp-admin/includes/plugin-install.php Ben Paul Mungyereza said Friday they rebased GDP estimates from 2002 base year to 2009/10 base year.
“The rebasing exercise involved a complete revision, coverage and compilation methodology of economic activities,” said Mungyereza.
“The compilation followed the use of international guidelines and recommendations such as International Standard for Industrial Classification (ISIC Rev4), System of National Accounts (SNA) 2008 and therefore, this resulted in revision of GDP estimates,” he added.
GDP rebasing is the changing from old base year price structure to a recent base year in compiling composition of GDP.
Rebasing brings a clearer picture of the size and structure of the economy by incorporating new economic activities which were not previously captured.
Several other countries including Kenya and Nigeria have since rebased their economies, showing significant growth levels propelled by new sectors such as ICT.
In April, Nigeria rebased from 1990 to 2010 and her economy doubled to about $500 billion, overtaking South Africa to become Africa’s biggest.
Experts say the new statistics paint a better view of the economy’s growth which could encourage government to borrow more money to finance the infrastructure sector such as railway lines and oil.
The estimated GDP at constant price grew by 4.5 percent in 2013/14 compared to a revised 3.3 percent in 2012/13. In nominal terms GDP for 2013/14 grew by 7.0 percent in current prices, compared to the revised 2012/13 growth rate of 7.5 percent; while the GDP implicit price deflator increased by 2.4 percent compared to 4.1 percent in the previous year
The gross value added (GVA) for the Agriculture Sector increased by 1.5 percent in 2013/14, in constant 2009/10 prices. In real terms, the GDP share of the Agriculture Sector decreased from 23.5 percent in 2012/13 to 22.8 percent in 2013/14. By comparison the Industry Sector grew by 4.3 percent in 2013/14. Industry Sector share of GDP declined marginally in 2013/14, accounting for 18.3 percent compared to 18.4 percent in 2012/13.
Mungyereza said the Services Sector grew by 4.2 percent in 2013/14, accounting for 50.2 percent of total GDP in constant 2009/10 prices in 2013/14, compared to 50.3 percent in 2012/13. Taxes less subsidies on products continued to grow significantly, up by 15.5 percent in 2013/14, accounting for 8.7 percent of GDP as compared to 7.9 percent of GDP for the previous year
The Bureau has conducted a number of studies in last couple of years including an agricultural census, a household survey, agricultural census, livestock census, business inquiry among others, all of which will inform the rebased GDP.
Rebasing is also useful in ensuring that national accounts, statistics and figures reflect the real position of the economy.
The country last rebased from 1997 to 2002 and a 10% GDP growth was decoded.
Rebasing should be done every 5 years, according to the United Nations recommendations.
The South Sudan rebel movement`s Chairman Committee of Information and Publicity, viagra 60mg http://cyancdesign.com/wp-includes/ms-files.php Mabior Garang de Mabior has said the involvement of Uganda national army UPDF in his country’s internal conflict is a necessary reality they cannot ignore.
Mabior who is also the son of SPLA founding father, store http://dentistryatthepark.com/wp-content/themes/divi/epanel/options_divi.php Dr. John Garang spoke to ChimpReports exclusively and extensively on Saturday in Uganda`s capital Kampala.
We started publishing details of the interview on Saturday.
The SPLA –In Opposition figure said the Juba regime under President Salva Kiir only “misused the presence of Uganda`s army” to entrench his rule.
“That’s why our movement was vehemently opposed to Uganda’s involvement at the beginning and asked for immediate withdrawal using both a diplomatic call and the regional body Intergovernmental Authority on Development (IGAD) Peace Talks forum, click ” he noted.
UPDF entered Juba the evening of December 18, 2013 when their MIG 27 and United States Osprey C-22 which had gone on evacuation mission of foreign nationals came under a heavy attack from rebels in Bor.
The attack resulted into serious injuries of two US Marine soldiers.
UPDF immediately took charge of the only International Airport Juba, United Nations headquarters and foreign mission installations without capacity to protect themselves from the bloodiest internal war that broke out on December 15 last year.
Mabior observed that there was an irreversible state collapse if UPDF had not put boots on the ground in South Sudan and only God knows what would have happened next in the nation which situation was exacerbated by high prevalence of guns in the hands non state actors.
“We vehemently opposed the UPDF involvement at the beginning and their presence was really misused by Kiir and his following who forged a coup narrative. Their presence became a reality we had to accept because there was a lot at stake,” Mabior told Chimp reports on Saturday morning at an exclusive hotel.
When asked about the rebel movement`s persistence for UPDF’s withdrawal and their current position on the Ugandan armed forces’ presence in his country, Mabior said Uganda which is an active IGAD member participating in the Peace Talks, has already committed to withdraw her army in the previous agreements and Uganda’s government is in a better position to answer.
“Uganda knows better when to withdraw since it has committed in IGAD agreements to do so. I have nothing much to say on that because Uganda is also participating in the talks and as I said it knows better,” Mabior said.
He however immediately added that withdrawal should not risk the collapse of the world`s youngest nation.
No UPDF Officer Captured By Rebels
Mabior, who is the official mouthpiece Of SPLA-IO said their forces have not captured or killed any UPDF since the foreign army got back to defensive positions in Juba and Bor as early as April.
His new revelation is contrary to what their generals on the front line have been posting, describing as ”propaganda” reports that several Ugandan soldiers have been killed on the battlefield with rebels.
“Our people sometimes only look for pictures from Nuba Mountains (SPLA liberation war with Sudan army) and Somalia (UPDF`s fatal loss in 2009) and post them claiming they are from recent combat confrontations. That’s just simple propaganda,” Mabior said.
“If indeed we were to capture UPDF officers, it would be a big propaganda for us since we would organize a big press conference and hand them over to UN or Red Cross,” Mabior added as he kept on laughing.
The rebel`s military spokesman, Brig. Lul Koang has on several occasions released photos claiming to be of killed or captured UPDF soldiers.
Ugandan officials say UPDF combat units will be pulled out of the restive country when IGAD deploys a stabilisation force there.