The GDP in Rwanda contracted 2.30 percent in the first quarter of 2022 over the previous quarter. It is the biggest drop in economic activity since the second quarter of 2020. source: National Institute of Statistics of Rwanda

GDP Growth Rate in Rwanda averaged 2.43 percent from 2000 until 2022, reaching an all time high of 13.20 percent in the fourth quarter of 2002 and a record low of -10.20 percent in the second quarter of 2020. This page provides - Rwanda GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Rwanda GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Rwanda is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda GDP Growth Rate is projected to trend around 1.60 percent in 2023 and 2.40 percent in 2024, according to our econometric models.

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Rwanda GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-23 10:00 AM Q4 4.4% 1.2% 3%
2022-06-16 08:10 AM Q1 -2.3% 4.4% 2.5%
2022-09-16 03:30 PM Q2 -2.3%


Related Last Previous Unit Reference
GDP Growth Rate -2.30 4.40 percent Mar 2022
GDP Annual Growth Rate 7.90 10.30 percent Mar 2022
GDP From Public Administration 136.00 132.00 RWF Billion Mar 2022
GDP From Mining 36.00 37.00 RWF Billion Mar 2022
GDP From Manufacturing 220.00 220.00 RWF Billion Mar 2022
GDP From Construction 181.00 180.00 RWF Billion Mar 2022
GDP From Agriculture 607.00 609.00 RWF Billion Mar 2022
GDP Constant Prices 2513.00 2572.00 RWF Billion Mar 2022
GDP From Transport 111.00 121.00 RWF Billion Mar 2022
GDP From Services 1251.00 1164.00 RWF Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 4.40 13.20 -10.20 2000 - 2022 percent Quarterly