Markets Actual Q2 Q3 Q4 Q1 2021
Currency 948.49 961 973 986 999 1025

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.00 -0.4 0.7 0.8 1 2.1
GDP Annual Growth Rate (%) 8.40 4.8 7 7.5 8.2 8.4
Unemployment Rate (%) 15.40 17 17.2 17.6 18 18.5
Inflation Rate (%) 10.10 8.4 7.5 7 5.8 6
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4
Balance of Trade (USD Million) -128.60 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -10.5 -9.4 -9.4
Government Debt to GDP (%) 41.10 65 65 65 57 57
Government Budget (% of GDP) -4.30 -8 -8 -8 -6 -6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.00 -0.4 0.7 0.8 1 2.1
GDP Annual Growth Rate (%) 8.40 4.8 7 7.5 8.2 8.4
GDP (USD Billion) 9.80 10.6 10.6 10.6 10.8 10.8
Gross Fixed Capital Formation (RWF Billion ) 657.00 645 617 706 711 766
GDP per capita (USD) 826.30 880 880 880 935 935
GDP per capita PPP (USD) 2003.13 2048 2048 2048 2048 2109
GDP Constant Prices (RWF Billion ) 2344.00 2360 2402 2520 2536 2731
GDP From Agriculture (RWF Billion) 561.00 584 581 603 607 654
GDP From Construction (RWF Billion) 178.00 157 173 191 193 207
GDP From Manufacturing (RWF Billion) 188.00 201 194 202 203 219
GDP From Mining (RWF Billion ) 43.00 47.1 41.4 46.23 46.53 50.11
GDP From Public Administration (RWF Billion) 127.00 92.16 108 137 137 148
GDP From Services (RWF Billion ) 1029.00 979 1065 1106 1113 1199
GDP From Transport (RWF Billion) 126.00 115 137 135 136 147

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 15.40 17 17.2 17.6 18 18.5
Population (Million) 12.37 12.97 12.97 12.94 13.4 13.26
Employment Rate (%) 46.50 45.5 45.1 45.4 45.4 46
Wages High Skilled (RWF/Month) 538400.00 538400 538400 538400 538400 538400

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 10.10 8.4 7.5 7 5.8 6
Core Inflation Rate (%) 3.20 3.4 3.4 3.2 3 3.3
Food Inflation (%) 18.70 20 25 20 14 18
Producer Prices (points) 142.80 144 141 141 148 146
Producer Prices Change (%) 3.80 5 4.2 3.1 3.1 3.2
Inflation Rate Mom (%) -1.80 3.4 3.5 4 2.8 3.4
Consumer Price Index Cpi (points) 134.50 133 137 142 145 151
CPI Transportation (points) 120.10 128 127 128 127 135

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4
Deposit Interest Rate (%) 5.39 5.39 5.39 5.39 5.39 4.89

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -128.60 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -10.5 -9.4 -9.4

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 41.10 65 65 65 57 57
Government Budget (% of GDP) -4.30 -8 -8 -8 -6 -6
Military Expenditure (USD Million) 119.50 132 132 132 132 140
Government Spending (RWF Billion ) 340.00 437 332 366 368 396

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 8.00 8 8 8 8 8
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (RWF Billion ) 1860.00 1549 1835 2000 2013 2167


This page has economic forecasts for Rwanda including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Rwanda economy.