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Uganda’s Emerging Middle Class and its Potential Economic Opportunities

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  • Ayoki, Milton

Abstract

This paper provides evidence of Uganda’s emerging middle class and its potential economic opportunities. Using various sources of information, including key informant interviews, national household surveys data, and case studies, the paper establishes that although Uganda’s emerging middle class is less than two decades old and is, still in many ways inchoate, the importance of the middle class comes from the fact that it is growing at a faster pace than the overall population. The growth in middle class both in terms of size and its purchasing power over the past ten years has been the outcomes of population and economic growth, tertiary education expansion, advancement in information and communication technology, and innovation in financial services.

Suggested Citation

  • Ayoki, Milton, 2012. "Uganda’s Emerging Middle Class and its Potential Economic Opportunities," MPRA Paper 78843, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:78843
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    File URL: https://mpra.ub.uni-muenchen.de/78843/1/MPRA_paper_78843.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2011. "Africa Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2361, December.
    2. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315, December.
    3. Homi Kharas, 2010. "The Emerging Middle Class in Developing Countries," OECD Development Centre Working Papers 285, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Middle Class; Potential Economic Opportunities; Uganda; Africa;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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