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More or Less: Behind the Stats

Is Uganda about to become a middle income country?

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 16 July 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

In his State of the Nation address in early June 2022, Uganda’s President Yoweri Museveni said that Uganda was on the cusp of becoming a middle income country. That’s been contradicted by World Bank figures. In response to a question from a More or Less fan in Uganda, Tim Harford looks at how a country’s income status is calculated and what relevance it has. Featuring Rachel Sebudde, Senior Economist at the World Bank.

Transcript

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0:00.0

A bomb whose creation would tip the scales of global power.

0:05.0

A nuclear physicist who sought to redress the balance.

0:10.0

The bomb, a podcast from the BBC World Service.

0:14.0

Season 2 available now.

0:21.0

Thank you for downloading the more or less podcast.

0:25.0

We are weekly guide to the numbers all around us in the news and in life.

0:29.0

I'm Tim Hauffert.

0:31.0

In early June, the president of Uganda, you were in Moussevone,

0:35.0

made an announcement that raised some eyebrows.

0:38.0

He described some of the economic challenges that had faced

0:41.0

Uganda and economy in recent times,

0:43.0

but then struck a more upbeat tone.

0:46.0

Uganda would soon no longer be a low-income country.

0:50.0

The Ugandan economy, by the budget time in the next few days,

0:55.0

would be standing at US$45.7 billion.

1:02.0

This means that the GDP per capita is now $1,000 for the $6.

1:10.0

You remember, at the entrance point,

1:14.0

for the lower-middle-income status is US$1,36.

1:21.0

We have now passed that figure.

1:27.0

Congratulations.

1:30.0

President Moussevone didn't actually claim that Uganda had left low-income

1:34.0

and entered lower-middle-income status.

...

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