Bank of Uganda
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.
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:
- Overall budget deficit (excluding grants) GDP ratio < 3%
- Inflation rate < 3%
- External Reserves ³ 6 months of goods and services