Uganda is actually in stage one of the demographic transition. This is because on critical analysis of the data in the tables previously posted, there is no significant decline in mortality rates. The population is high and the growth rate fluctuates. The fertility rate is still very high- according to the 2002 census it was 6.9 children per woman.
A country is unable to maximise benefits of a high population until it has undergone the transition characterised by massive decline in death rates followed by a decline in birth rates. The value of this is that it produces decreased dependency ratios with a large work force population.
Unfortunately, this model predicts that it will be a while before Uganda attains this transition and unless efforts are concerted to decline the mortality and fertility rates, it will take many years before Uganda is able to attain its desired economic output. A large population(currently 34 million) can have massive negative impacts on the economy as it reduces the capital available for investment in human capital.
References
KLASEN, S. & LAWSON, D. The impact of population growth on economic growth and poverty reduction in Uganda. 2007. Diskussionsbeiträge aus dem Volkswirtschaftlichen Seminar der Universität Göttingen.
POPULATION SECRETARIAT. Ministry of Finance, Planning and Economic Development. Uganda. http://www.popsec.org/key_facts.php
UBOS. 2001. The 2000/01 Ugandan Demographic and Health Survey. Kampala: UBOS.
