Rwanda's economy expanded 7.7 percent year-on-year in the third quarter of 2018, following a 6.7 percent growth in the previous period. Output advanced further in the services sector (7 percent vs 5 percent in Q2), boosted by transport (17 percent vs 13 percent); wholesale and retail trade (12 percent vs 11 percent); professional, scientific and technical activities (:19 percent vs -6 percent); hotels and restaurants (13 percent vs 9 percent); financial services (8 percent vs 7 percent); and real estate (8 percent vs 4 percent). Also, industrial output increased at a faster pace (12 percent vs 10 percent),mainly driven by construction (17 percent vs 13 percent); electricity (11 percent vs 9 percent); and mining and quarrying (7 percent, the same as in Q2). On the other hand, output growth slowed in agriculture, forestry and fishing sector (5 percent vs 6 percent), mostly due to food crops (3 percent vs 6 percent). On a quarterly basis, the economy grew 5.8 percent. GDP Annual Growth Rate in Rwanda averaged 7.32 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 1.70 percent in the first quarter of 2017.

GDP Annual Growth Rate in Rwanda is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Rwanda to stand at 7.40 in 12 months time. In the long-term, the Rwanda GDP Annual Growth Rate is projected to trend around 6.60 percent in 2020, according to our econometric models.

Rwanda GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-14 10:30 AM GDP Growth Rate YoY 10.5% 8% 7.1%
2018-06-18 12:15 PM GDP Growth Rate YoY 10.6% 10.5% 8.3%
2018-09-18 02:00 PM GDP Growth Rate YoY 6.7% 10.6% 9.20%
2018-12-17 03:10 PM GDP Growth Rate YoY 7.7% 6.7% 6%
2019-03-14 10:30 AM GDP Growth Rate YoY 7.7% 7.2%
2019-06-18 12:15 PM GDP Growth Rate YoY 7.2%
2019-09-18 02:00 PM GDP Growth Rate YoY 7.4%


Rwanda GDP Last Previous Highest Lowest Unit
GDP Growth Rate 5.80 0.10 13.20 -2.20 percent [+]
GDP Annual Growth Rate 7.70 6.70 13.20 1.90 percent [+]
GDP 9.14 8.48 9.14 0.12 USD Billion [+]
Gross Fixed Capital Formation 634.00 552.00 634.00 96.00 RWF Billion [+]
GDP per capita 765.20 738.80 765.20 204.70 USD [+]
GDP per capita PPP 1854.20 1790.30 1854.20 496.10 USD [+]
GDP Constant Prices 1854.00 1752.00 1854.00 683.00 RWF Billion [+]
GDP From Agriculture 479.00 481.00 484.00 237.00 RWF Billion [+]
GDP From Construction 137.00 124.00 137.00 32.00 RWF Billion [+]
GDP From Manufacturing 112.00 111.00 112.00 42.00 RWF Billion [+]
GDP From Mining 62.00 40.00 62.00 12.00 RWF Billion [+]
GDP From Public Administration 90.00 81.00 94.00 26.00 RWF Billion [+]
GDP From Services 913.00 857.00 913.00 286.00 RWF Billion [+]
GDP From Transport 87.00 74.00 87.00 20.00 RWF Billion [+]


Rwanda GDP Annual 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 the latest reported value for - Rwanda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Rwanda GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.70 6.70 13.20 1.90 2000 - 2018 percent Quarterly
Constant 2014 prices




Country Last Previous
India 7.10 Sep/18
China 6.40 Dec/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Saudi Arabia 2.50 Sep/18
Netherlands 2.40 Sep/18
Spain 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Dec/18
Canada 2.10 Sep/18
South Korea 2.00 Sep/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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