Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1016.50 1027 1038 1049 1060 1083

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 4.50 3.5 1.7 2 0.8 1.6
GDP Annual Growth Rate (%) 20.60 5.1 4.6 5.3 6 6.3
Unemployment Rate (%) 17.00 15 14 13.8 13.5 14
Inflation Rate (%) -3.20 1 2.8 4.7 6 5.6
Interest Rate (%) 4.50 4.5 4 4 3.75 3.75
Balance of Trade (USD Million) -226.40 -100 -100 -100 -100 -100
Current Account to GDP (% of GDP) -8.70 -10 -10 -10 -10 -8
Government Debt to GDP (% of GDP) 61.00 63 66 66 66 66
Government Budget (% of GDP) -8.30 -9 -8.5 -8.5 -8.5 -8.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 4.50 3.5 1.7 2 0.8 1.6
GDP Annual Growth Rate (%) 20.60 5.1 4.6 5.3 6 6.3
GDP (USD Billion) 10.33 10.5 11 11 11 11
Gross Fixed Capital Formation (RWF Billion ) 630.00 761 697 726 663 741
GDP per capita (USD) 849.04 845 845 845 845 950
GDP per capita PPP (USD) 2098.71 2150 2150 2150 2150 2230
GDP Constant Prices (RWF Billion ) 2434.00 2383 2450 2436 2563 2604
GDP From Agriculture (RWF Billion) 602.00 612 609 631 634 647
GDP From Construction (RWF Billion) 162.00 181 182 178 171 193
GDP From Manufacturing (RWF Billion) 211.00 142 218 207 222 231
GDP From Mining (RWF Billion ) 41.00 69.89 36.79 32.43 43.17 39.1
GDP From Public Administration (RWF Billion) 129.00 115 135 134 136 143
GDP From Services (RWF Billion ) 1133.00 1179 1149 1129 1193 1221
GDP From Transport (RWF Billion) 98.00 105 107 97.28 103 114

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 17.00 15 14 13.8 13.5 14
Population (Million) 12.66 13.26 13.26 13.26 13.26 13.58
Employment Rate (%) 42.00 46 46 46 46 46

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) -3.20 1 2.8 4.7 6 5.6
Core Inflation Rate (%) 2.20 3.5 4 4.5 5 5
Food Inflation (%) -8.40 3 5 8 10 12
Producer Prices (points) 150.48 157 157 161 158 165
Producer Prices Change (%) 4.50 7.5 5.8 5.6 5.3 5
Inflation Rate Mom (%) 0.20 0.6 1 1.3 0.8 1.4
Consumer Price Index CPI (points) 136.50 139 141 142 145 147
CPI Transportation (points) 123.80 125 126 127 128 130

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 4.50 4.5 4 4 3.75 3.75
Interbank Rate (%) 5.18 5.3 5.3 5.3 5.3 5.3
Deposit Interest Rate (%) 7.64 5.45 7.64 7.14 7.14 7.14
Lending Rate (%) 17.05 16 16.1 16.5 16.3 16

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -226.40 -100 -100 -100 -100 -100
Current Account to GDP (% of GDP) -8.70 -10 -10 -10 -10 -8

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 61.00 63 66 66 66 66
Government Budget (% of GDP) -8.30 -9 -8.5 -8.5 -8.5 -8.5
Military Expenditure (USD Million) 142.40 140 140 140 140 140
Government Spending (RWF Billion ) 427.00 369 396 394 450 421

Taxes Actual Q4 Q1 Q2 Q3 2022
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

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 6.20 4 4 4 4 6

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (RWF Billion ) 1631.00 1760 1666 1771 1717 1771


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.