The economy of Rwanda advanced 8.4% year-on-year in the first quarter of 2019, after a 9.6% expansion in the previous period. The services sector grew 8%, slower than 11% in Q4, namely wholesale and retail trade (7% vs 14%); transport (11% vs 16%); real estate activities (2% vs 7%) and hotels & restaurants (7% vs 11%). In addition, output contracted for information & communication (-2% vs 14%) and public administration (-3% vs 27%). Conversely, the industrial sector advanced faster (18% vs 12%), mainly boosted by mining & quarrying (12% vs -2%) and construction (30% vs 20%); while manufacturing activity lost steam (8% vs 13%). Meantime, agriculture grew 4 percent, the same pace as in the previous period, driven by livestock products (14%, the same pace as in Q4) and food crops (4% vs 3%). On a quarterly basis, the GDP declined 0.5 percent, following a 2.9 percent advance in the last three months to December 2018. GDP Annual Growth Rate in Rwanda averaged 7.28 percent from 2000 until 2019, reaching an all time high of 13.20 percent in the fourth quarter of 2002 and a record low of 1.90 percent in the first quarter of 2017.

GDP Annual Growth Rate in Rwanda is expected to be 8.80 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 7.50 in 12 months time. In the long-term, the Rwanda GDP Annual Growth Rate is projected to trend around 7.60 percent in 2020, according to our econometric models.

Rwanda GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-18 02:00 PM GDP Growth Rate YoY Q2 6.7% 10.6% 9.20%
2018-12-17 03:10 PM GDP Growth Rate YoY Q3 7.7% 6.7% 6%
2019-03-15 02:45 PM GDP Growth Rate YoY Q4 9.6% 7.7% 12%
2019-06-17 03:15 PM GDP Growth Rate YoY Q1 8.4% 9.6% 10%
2019-09-18 02:00 PM GDP Growth Rate YoY Q2 8.4% 8.8%
2019-12-20 11:00 AM GDP Growth Rate YoY Q3 7.6%


Rwanda GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 2.90 13.20 -2.20 percent [+]
GDP Annual Growth Rate 8.40 9.60 13.20 1.90 percent [+]
GDP 9.51 9.14 9.51 0.12 USD Billion [+]
Gross Fixed Capital Formation 598.00 579.00 608.00 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 1900.00 1909.00 1909.00 683.00 RWF Billion [+]
GDP From Agriculture 505.00 490.00 505.00 237.00 RWF Billion [+]
GDP From Construction 156.00 145.00 156.00 32.00 RWF Billion [+]
GDP From Manufacturing 111.00 114.00 114.00 42.00 RWF Billion [+]
GDP From Mining 39.00 56.00 62.00 12.00 RWF Billion [+]
GDP From Public Administration 82.00 92.00 94.00 26.00 RWF Billion [+]
GDP From Services 934.00 945.00 945.00 286.00 RWF Billion [+]
GDP From Transport 86.00 84.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.40 9.60 13.20 1.90 2000 - 2019 percent Quarterly
Constant 2014 prices




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.05 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
South Korea 2.10 Jun/19
Netherlands 2.00 Jun/19
Australia 1.80 Mar/19
Saudi Arabia 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
France 1.30 Jun/19
Japan 1.20 Jun/19
United Kingdom 1.20 Jun/19
Euro Area 1.10 Jun/19
Russia 0.90 Jun/19
Brazil 0.50 Mar/19
Germany 0.40 Jun/19
Singapore 0.10 Jun/19
Italy 0.00 Jun/19
South Africa 0.00 Mar/19
Mexico -0.80 Jun/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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