Uganda - Services



The export of Uganda's commercial services has grown dramatically from US$21 million in 1990 to US$165 million in 1998. Yet at the same time the import of commercial services has grown from US$195 million in 1990 to US$693 million in 1998. This imbalance, similar to that of manufactured goods, contributes to the deficit of Uganda's balance of payments . Therefore, in order to maintain this level of imports, Uganda is forced to borrow more money from external donors, thus leading to the deepening of the country's public debt and the consequent drain of debt interest payments upon an already limited government revenue.

Also read article about Uganda from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA