The Gross Domestic Product (GDP) in Rwanda expanded 2.90 percent in the fourth quarter of 2018 over the previous quarter. GDP Growth Rate in Rwanda averaged 2.68 percent from 2000 until 2018, reaching an all time high of 13.20 percent in the fourth quarter of 2002 and a record low of -2.20 percent in the first quarter of 2013.

GDP Growth Rate in Rwanda is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Rwanda to stand at 1.60 in 12 months time. In the long-term, the Rwanda GDP Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

Rwanda GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-17 03:10 PM GDP Growth Rate QoQ Q3 5.8% 0.1% 1.60%
2019-03-15 02:45 PM GDP Growth Rate QoQ Q4 2.9% 5.9% 2.7%
2019-06-17 03:15 PM GDP Growth Rate QoQ Q1 -0.5% 2.9% 1.4%
2019-09-16 03:10 PM GDP Growth Rate QoQ Q2 3.5% -0.5% 2.0%
2019-12-20 11:00 AM GDP Growth Rate QoQ Q3 1.7%


Rwanda GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.50 -0.50 13.20 -2.20 percent [+]
GDP Annual Growth Rate 12.20 8.40 13.40 1.90 percent [+]
GDP 9.51 9.14 9.51 0.12 USD Billion [+]
Gross Fixed Capital Formation 805.00 598.00 805.00 93.00 RWF Billion [+]
GDP per capita 826.30 780.80 826.30 207.50 USD [+]
GDP per capita PPP 2003.13 1892.68 2003.13 502.91 USD [+]
GDP Constant Prices 1966.00 1900.00 1966.00 683.00 RWF Billion [+]
GDP From Agriculture 507.00 505.00 507.00 237.00 RWF Billion [+]
GDP From Construction 163.00 156.00 163.00 32.00 RWF Billion [+]
GDP From Manufacturing 128.00 111.00 128.00 42.00 RWF Billion [+]
GDP From Mining 45.00 39.00 62.00 12.00 RWF Billion [+]
GDP From Public Administration 90.00 82.00 94.00 26.00 RWF Billion [+]
GDP From Services 956.00 934.00 956.00 286.00 RWF Billion [+]
GDP From Transport 87.00 86.00 87.00 20.00 RWF Billion [+]


Rwanda GDP Growth Rate

Services is the largest sector of the Rwanda's economy and accounts for 53 percent of total GDP. Within services, the most important sub-sectors are: real estate activities (8 percent), wholesale and retail trade (8 percent), cultural, domestic & other services (6 percent), administrative and support service activities and public administration and defence; and compulsory social security (5 percent each). Agriculture, forestry and fishing account for 29 percent of GDP, with food crops contributing 17 percent. The industrial sector constitutes 18 percent of the GDP, with construction (7 percent) and manufacturing (6 percent) accounting for the largest shares. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (28 percent) and government expenditure (16 percent). Exports of goods and services account for 19 percent of GDP while imports account for 39 percent, subtracting 20 percent of total GDP. The major source of foreign trade is coffee, tea, tin cassiterite, wolframite and pyrethrum. This page provides - Rwanda GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Rwanda GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 -0.50 13.20 -2.20 2000 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


Related

Latest