Uganda’s GDP as a measure of progress and the paradox of Middle-Income status

By Benard Mujuni Gross Domestic Product (GDP) is defined as a total sum and measure of all goods and services produced and sold in a given time.  The growth rate of GDP is often used as an indicator of the general health of the economy. One of the limitations of GDP is that it only measures income. Yet poverty is more than just lack of income. And in a country like Uganda, where the informal sector commands more than 67% of productivity, and is responsible for more than 80% of all employment, there is a clear likelihood that most of…