Forest Investment Program for Uganda (May 2017)

Uganda has sustained steady economic growth over the last two decades and achieved a growth rate of 5.0% in 2014/151 . This economic performance is partly attributable to the country’s natural resources base, which contributed 25% of GDP during 2011/2014. The total economic value of forests to the national economy has been estimated at UGX 593 billion, equivalent to 5.2% of GDP. The indirect benefits of forests are also high, valued at UGX 60.8 billion for watershed protection and UGX 56.4 billion for carbon sequestration, among others. Further, forestry supports 94% of household energy for cooking as well as generating tourism revenue, taxes, employment and household income, and supporting the growth of other sectors such as real estate, construction, energy generation and cottage forest-based enterprises. About 61% of Uganda’s tourism income is generated by the forest-based national parks under the management of the Uganda Wildlife Authority (UWA). Forests also represent key cultural and livelihood assets for forest-dependent communities.