One of the weaknesses of the Ugandan economy is that the modern business sector still comprises a relatively small share of it. The companies surveyed in the PSIS comprise only 5 percent of GDP.
Although these companies have achieved robust productivity growth, their share of the economy is too small for their productivity growth to make a substantial impact on that of the economy as a whole. Therefore, if we are to transform our economy into that of a middle income country, we must expand the size of the modern business sector many times.