The GDP in Rwanda grew 7.9% year-on-year in the first three months of 2022, the smallest expansion in a year. Agricultural activities grew 1%, led by a 14% jump in production of crops for export. The industrial sector jumped 10%, led by construction (6%) and manufacturing (11%), namely textiles, chemicals and plastics and wood and paper. Services increased 11%. The African Development Bank expects Rwanda's economy to grow 6.9% this year. source: National Institute of Statistics of Rwanda
GDP Annual Growth Rate in Rwanda averaged 7.15 percent from 2000 until 2022, reaching an all time high of 20.60 percent in the second quarter of 2021 and a record low of -12.50 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Rwanda is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda GDP Annual Growth Rate is projected to trend around 7.20 percent in 2023 and 7.40 percent in 2024, according to our econometric models.