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Growth In Remittances to Uganda – By Emma Research

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Posted January 13, 2014 by Ugandan Diaspora News Team in Business ~ 3,939 views

     

BOU

According to a survey by Bank of Uganda and the Uganda Bureau of Statistics, Uganda received $910 million in remittances in 2012, 12% higher than the 2011’s $813 million.

The $910 million received in transfers from abroad was 4.3% of Uganda’s 2012 GDP:

  • 43.1% of remitters were based in Africa, 25.9% Europe, and 20.6% North America (seeFigure 1).
  • The dollars sent by region closely matched the proportion of remitters by region, with Africa (44.1%) leading the group, Europe (25.9%) and North America (22.5%) coming in at a distant second and third, and Australasia (2.9%), Middle East (5.3%) lagging the group.
  • 35.1% was sent by a brother/sister abroad, 16.5% by a parent, 11.6% spouse, 8.3% daughter/son, 6.4% friend, and 22.0% other.
  • Please see Figure 2 for the foreign remittance flow to Uganda 2006-2012.
  • Over the last 7 years remittances to Uganda have accounted for on average 4.2% GDP.

Figure 1: Uganda Remitters by Region

Figure 2: Foreign Remittances to Uganda 2006-2012

Source – Emma Sabiiti – Email: info@emmaresearch.com


About the Author

Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

One Comment


  1.  
    martin kizza

    What is the breakdown of the 43% African remmitances by country





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