Markets Actual Q3 Q4 Q1 Q2 2021
Currency 961.14 974 987 999 1012 1039

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -4.20 0.4 0.8 1 1.8 2.1
GDP Annual Growth Rate (%) 3.60 2 2.2 3 4.2 6.3
Unemployment Rate (%) 15.40 17.2 17.6 18 17.4 17
Inflation Rate (%) 11.50 10 7 5.8 5.3 6
Interest Rate (%) 4.50 4 4 4 4 3.5
Balance of Trade (USD Million) -128.60 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -9.4 -9.4 -9.4
Government Debt to GDP (%) 41.10 65 65 57 57 57
Government Budget (% of GDP) -4.30 -8 -8 -6 -6 -6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -4.20 0.4 0.8 1 1.8 2.1
GDP Annual Growth Rate (%) 3.60 2 2.2 3 4.2 6.3
GDP (USD Billion) 10.12 8.6 8.6 9.4 9.4 9.4
Gross Fixed Capital Formation (RWF Billion ) 593.00 609 674 611 618 716
GDP per capita (USD) 904.70 750 750 845 845 845
GDP per capita PPP (USD) 2226.20 2050 2050 2150 2150 2150
GDP Constant Prices (RWF Billion ) 2248.00 2344 2398 2315 2342 2549
GDP From Agriculture (RWF Billion) 565.00 567 573 582 589 609
GDP From Construction (RWF Billion) 149.00 169 182 153 155 193
GDP From Manufacturing (RWF Billion) 183.00 190 193 188 191 205
GDP From Mining (RWF Billion ) 30.00 40.4 43.95 30.9 31.26 46.71
GDP From Public Administration (RWF Billion) 130.00 138 130 134 135 138
GDP From Services (RWF Billion ) 1082.00 1139 1155 1114 1127 1228
GDP From Transport (RWF Billion) 108.00 133 129 111 113 137

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 15.40 17.2 17.6 18 17.4 17
Population (Million) 12.37 12.97 12.94 13.4 13.4 13.26
Employment Rate (%) 48.30 45.1 45.4 45.4 45.4 46

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 11.50 10 7 5.8 5.3 6
Core Inflation Rate (%) 4.60 3.4 3.2 3 3.2 3.3
Food Inflation (%) 14.30 18 20 14 18 18
Producer Prices (points) 141.50 141 130 147 146 134
Producer Prices Change (%) 3.10 4.2 3.1 3.1 3.1 3.2
Inflation Rate Mom (%) 1.00 3.5 4 2.8 2.8 3.4
Consumer Price Index CPI (points) 137.16 140 142 145 143 151
CPI Transportation (points) 145.56 130 128 127 154 135

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.50 4 4 4 4 3.5
Deposit Interest Rate (%) 7.64 7.14 7.14 7.14 7.14 7.14

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -128.60 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -9.4 -9.4 -9.4

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 41.10 65 65 57 57 57
Government Budget (% of GDP) -4.30 -8 -8 -6 -6 -6
Military Expenditure (USD Million) 119.50 132 132 132 132 140
Government Spending (RWF Billion ) 378.00 327 348 389 394 370

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 8.00 8 8 8 8 8
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (RWF Billion ) 1682.00 1639 1678 1732 1753 1784


This page has economic forecasts for Rwanda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Rwanda economy.