Bank of Uganda

National Accounts

  • Posted on: 1 December 2010
  • Updated on: 1 December 2010
  • By: radmin

Gross Domestic Product (GDP): Is the value of goods and services produced within the geographical boundaries of a country for a specified period of time, usually one year.

GDP at current prices: Is the value of goods and services measured at prices of the reporting period. The series is also usually referred to as being at nominal prices.

Central Banks: 

Indicators of Convergence

  • Posted on: 1 December 2010
  • Updated on: 1 December 2010
  • By: radmin

According to the African Monetary Cooperation Programme, in order to achieve harmonization, the following criteria should be observed by at least 51% of the AACB membership:

Primary Criteria

  • Overall budget deficit (excluding grants) GDP ratio < 3%
  • Inflation rate < 3%
  • External Reserves ³ 6 months of goods and services

Secondary Criteria

Central Banks: 

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