Rwanda - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.50 1.6 2.8 1.4 1.5 1.4 percent
Unemployment Rate 16.70 18.82 19.9 20.65 21.4 28.1 percent
Inflation Rate 1.40 1.7 3.5 3.7 1.8 5 percent
Interest Rate 5.50 5.5 5.5 5.5 5.5 6 percent
Balance of Trade -108.44 -109 -109 -109 -109 -109 USD Million
Government Debt to GDP 40.20 35 35 38 38 40 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 874.11
 918 966 1016 1068 1308
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.50
percent		 1.6 2.8 1.4 1.5 1.4
GDP Annual Growth Rate 10.60
percent		 7.5 7.2 7.3 7.4 6.6
GDP 9.14
USD Billion		 9.22 9.4 8.9 8.9 10.2
Gross Fixed Capital Formation 557.00
RWF Billion 		521 577 598 491 661
GDP per capita 765.20
USD		 776 779 788 788 819
GDP per capita PPP 1854.20
USD		 1873 1889 1892 1892 1985
GDP Constant Prices 1751.00
RWF Billion 		1787 1868 1879 1764 2141
Gdp From Agriculture 484.00
RWF Billion		 474 506 519 484 580
Gdp From Construction 120.00
RWF Billion		 121 130 129 120 149
Gdp From Manufacturing 103.00
RWF Billion		 105 108 111 105 124
Gdp From Mining 35.00
RWF Billion 		60.18 62.18 37.56 39.74 71.25
Gdp From Public Administration 85.00
RWF Billion		 97.53 78.26 91.21 83.77 89.68
Gdp From Services 868.00
RWF Billion 		883 917 931 874 1050
Gdp From Transport 77.00
RWF Billion		 76.78 77.18 82.62 70.88 88.45
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 16.70
percent		 18.82 19.9 20.65 21.4 28.1
Population 12.20
Million		 11.8 11.8 12.56 12.63 12.6
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.40
percent		 1.7 3.5 3.7 1.8 5
Core Inflation Rate 2.40
percent		 1.54 1.33 1.43 1.72 2.04
Food Inflation -3.70
percent		 -3.33 2.52 2.2 3 2.5
Inflation Rate Mom -1.40
percent		 1.19 0.01 0.58 0.3 0.39
Producer Prices 123.24
Index Points		 129 129 129 130 143
Producer Prices Change 0.27
percent		 4 4.5 5 5.3 5.5
Consumer Price Index Cpi 122.01
Index Points		 125 123 125 124 133
Cpi Housing Utilities 119.30
Index Points		 120 120 120 120 120
CPI Transportation 115.69
Index Points		 108 112 113 118 121
Gdp Deflator 113.00
Index Points		 115 116 117 118 129
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.50
percent		 5.5 5.5 5.5 5.5 6
Deposit Interest Rate 5.95
percent		 5.95 5.95 5.95 5.95 6.45
Lending Rate 16.91
percent		 17.04 17.05 17.06 17.06 17.07
Interbank Rate 5.75
percent		 5.79 5.84 5.88 5.9 5.97
Money Supply M1 799.50
RWF Billion		 801 801 801 801 801
Money Supply M2 1429.90
RWF Billion		 1429 1428 1428 1428 1428
Money Supply M3 1870.90
RWF Billion		 1741 1741 1741 1741 1741
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -108.44
USD Million		 -109 -109 -109 -109 -109
Exports 80.29
USD Million		 79.88 79.87 79.87 79.87 79.87
Imports 188.73
USD Million		 189 189 189 189 189
Current Account -621.56
USD Million		 -885 -752 -721 -690 -635
Current Account to GDP -14.10
percent		 -12.6 -12.6 -11 -11 -10.5
Capital Flows -365.90
USD Million		 -306 -218 -252 -286 -11.42
Terrorism Index 1.93
 2.64 2.52 2.59 2.65 2.34
External Debt 2453.00
USD Million		 2452 2548 2556 2565 2592
Foreign Direct Investment 254.50
USD Million		 158 135 160 184 236
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 40.20
percent		 35 35 38 38 40
Government Budget -4.80
percent of GDP		 -4.03 -3.76 -4.16 -4.55 -5.07
Government Spending 247.00
RWF Billion 		281 293 265 275 335
Military Expenditure 114.00
USD Million		 112 113 112 111 105
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 10.00
percent		 11.27 9.7 8.55 8.09 9.11
Manufacturing Production 7.00
percent		 6.31 6.15 6.19 6.46 6.19
Internet Speed 7689.31
KBps		 9007 8545 9112 8535 8794
IP Addresses 10599.00
IP		 11495 11954 11750 11980 12071
Ease of Doing Business 41.00
 58 67 67 66 56
Changes In Inventories 15.00
RWF Billion 		11.61 10.67 13.86 10.95 11.96
Competitiveness Index 4.35
Points		 4.37 4.37 4.31 4.28 4.2
Competitiveness Rank 58.00
 51 51 58 60 60
Corruption Index 55.00
Points		 55 55 55 55 56
Corruption Rank 48.00
 49 48 48 48 48
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 1347.00
RWF Billion 		1371 1305 1445 1368 1495
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent		 30 30 30 30 30
Personal Income Tax Rate 30.00
percent		 30 30 30 30 30
Sales Tax Rate 18.00
percent		 18 18 18 18 18
Social Security Rate 8.00
percent		 8 8 8 8 8
Social Security Rate For Companies 5.00
percent		 5 5 5 5 5
Social Security Rate For Employees 3.00
percent		 3 3 3 3 3
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 21.08
celsius		 19.7 19.01 19.33 20.02 19.71