Markets Actual Q1 Q2 Q3 Q4 2022
Currency 991.58 1005 1018 1031 1045 1072

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 10.80 1.7 2.5 2.3 3.5 2.4
GDP Annual Growth Rate (%) -3.60 2.5 11 4 5 7
Unemployment Rate (%) 16.00 14.7 18 16 15 16
Inflation Rate (%) 3.50 4.5 5.5 6 6.5 6.8
Interest Rate (%) 4.50 4.5 4 4 4 3.5
Balance of Trade (USD Million) -194.20 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -10 -10 -10 -10 -8
Government Debt to GDP (%) 51.40 69 69 69 69 69.5
Government Budget (% of GDP) -6.20 -6.3 -6.3 -6.3 -6.3 -5.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 10.80 1.7 2.5 2.3 3.5 2.4
GDP Annual Growth Rate (%) -3.60 2.5 11 4 5 7
GDP (USD Billion) 10.12 9.4 9.4 9.4 9.4 10.3
Gross Fixed Capital Formation (RWF Billion ) 602.00 608 527 626 761 676
GDP per capita (USD) 904.70 845 845 845 845 950
GDP per capita PPP (USD) 2226.20 2150 2150 2150 2150 2230
GDP Constant Prices (RWF Billion ) 2238.00 2304 2241 2328 2383 2514
GDP From Agriculture (RWF Billion) 573.00 579 623 596 612 644
GDP From Construction (RWF Billion) 157.00 153 135 163 181 176
GDP From Manufacturing (RWF Billion) 200.00 188 191 208 142 225
GDP From Mining (RWF Billion ) 30.00 30.75 24.42 31.2 69.89 33.71
GDP From Public Administration (RWF Billion) 138.00 133 132 144 115 155
GDP From Services (RWF Billion ) 914.00 1109 1015 951 1179 1027
GDP From Transport (RWF Billion) 89.00 111 73.26 92.56 105 99.99

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 16.00 14.7 18 16 15 16
Population (Million) 12.66 13.4 13.4 13.4 13.26 13.58
Employment Rate (%) 48.90 45.4 45.4 45.4 46 46

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 3.50 4.5 5.5 6 6.5 6.8
Core Inflation Rate (%) 5.50 4 3.5 3.2 3.3 3.2
Food Inflation (%) 3.40 15.8 16.4 17 17 18
Producer Prices (points) 146.00 147 146 147 134 152
Producer Prices Change (%) 6.50 3.1 3.1 3.1 3.2 3.2
Inflation Rate Mom (%) -0.80 2.8 2.8 2.8 3.4 3.1
Consumer Price Index CPI (points) 136.90 143 143 149 147 157
CPI Transportation (points) 121.37 126 154 154 129 137

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 4.50 4.5 4 4 4 3.5
Deposit Interest Rate (%) 7.64 7.64 7.14 7.14 7.14 7.14

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -194.20 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -10 -10 -10 -10 -8

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 51.40 69 69 69 69 69.5
Government Budget (% of GDP) -6.20 -6.3 -6.3 -6.3 -6.3 -5.3
Military Expenditure (USD Million) 119.50 132 132 132 140 140
Government Spending (RWF Billion ) 343.00 387 395 357 369 385

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Industrial Production (%) 2.30 2 5 3 4 6

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (RWF Billion ) 1584.00 1724 1692 1647 1760 1780


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.