Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1010.29 1020 1031 1041 1052 1074

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.10 2.3 3.5 3.5 3.5 2.4
GDP Annual Growth Rate (%) 20.60 4 5.1 4.6 5.4 6.3
Unemployment Rate (%) 17.00 16 15 14 13.8 14
Inflation Rate (%) -1.80 -2 0.7 2.8 4.7 5.6
Interest Rate (%) 4.50 4.5 4.5 4 4 3.75
Balance of Trade (USD Million) -226.40 -100 -100 -100 -100 -100
Current Account to GDP (% of GDP) -8.70 -10 -10 -10 -10 -8
Government Debt to GDP (% of GDP) 61.00 63 63 66 66 66
Government Budget (% of GDP) -8.30 -7.8 -7.8 -7.2 -7.2 -7.2
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.10 2.3 3.5 3.5 3.5 2.4
GDP Annual Growth Rate (%) 20.60 4 5.1 4.6 5.4 6.3
GDP (USD Billion) 10.33 10.5 10.5 11 11 11
Gross Fixed Capital Formation (RWF Billion ) 688.00 626 761 720 725 741
GDP per capita (USD) 849.04 845 845 845 845 950
GDP per capita PPP (USD) 2098.71 2150 2150 2150 2150 2230
GDP Constant Prices (RWF Billion ) 2329.00 2328 2383 2436 2455 2604
GDP From Agriculture (RWF Billion) 603.00 596 612 631 636 647
GDP From Construction (RWF Billion) 170.00 163 181 178 179 193
GDP From Manufacturing (RWF Billion) 198.00 208 142 207 209 231
GDP From Mining (RWF Billion ) 31.00 31.2 69.89 32.43 32.67 39.1
GDP From Public Administration (RWF Billion) 128.00 144 115 134 135 143
GDP From Services (RWF Billion ) 1079.00 1087 1179 1129 1137 1221
GDP From Transport (RWF Billion) 93.00 92.56 105 97.28 98.02 114

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 17.00 16 15 14 13.8 14
Population (Million) 12.66 13.4 13.26 13.26 13.26 13.58
Employment Rate (%) 42.00 45.4 46 46 46 46

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) -1.80 -2 0.7 2.8 4.7 5.6
Core Inflation Rate (%) 3.30 3 4.3 5 5.4 5.2
Food Inflation (%) -5.70 -2.2 3 5 8 12
Producer Prices (points) 152.87 157 157 157 161 165
Producer Prices Change (%) 6.90 10 7.5 5.8 5.6 5
Inflation Rate Mom (%) 0.50 0.4 1.3 0.8 1.3 1.4
Consumer Price Index CPI (points) 136.20 138 139 141 142 147
CPI Transportation (points) 123.80 143 122 126 128 128

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.50 4.5 4.5 4 4 3.75
Interbank Rate (%) 5.20 5.2 5.3 5.3 5.3 5.3
Deposit Interest Rate (%) 7.64 7.64 7.64 7.14 7.14 7.14
Lending Rate (%) 15.44 16 15.8 16.1 16.5 16

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -226.40 -100 -100 -100 -100 -100
Current Account to GDP (% of GDP) -8.70 -10 -10 -10 -10 -8

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 61.00 63 63 66 66 66
Government Budget (% of GDP) -8.30 -7.8 -7.8 -7.2 -7.2 -7.2
Military Expenditure (USD Million) 142.40 132 140 140 140 140
Government Spending (RWF Billion ) 377.00 357 369 394 397 421

Taxes Actual Q3 Q4 Q1 Q2 2022
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

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 6.20 3 4 4 4 6

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (RWF Billion ) 1643.00 1788 1760 1719 1732 1771


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.