Markets Actual Q1 Q2 Q3 Q4 2020
Currency 939.43 949 961 973 986 1012
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 5.60 0.7 1.6 2 2.8 2.6
GDP Annual Growth Rate (%) 11.90 8 10 9.5 10.3 8
Unemployment Rate (%) 16.00 15.7 15.7 15.8 16 14.6
Inflation Rate (%) 11.90 10 6.5 3.6 7 6
Interest Rate (%) 5.00 4.5 4.5 4 4 4
Balance of Trade (USD Million) -225.70 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -10.5 -10.5 -9.4
Government Debt to GDP (%) 41.10 40 40 40 40 40.4
Government Budget (% of GDP) -4.30 -8 -8 -8 -8 -6
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 2020
GDP Growth Rate (%) 5.60 0.7 1.6 2 2.8 2.6
GDP Annual Growth Rate (%) 11.90 8 10 9.5 10.3 8
GDP (USD Billion) 9.51 10.6 10.6 10.6 10.6 10.8
Gross Fixed Capital Formation (RWF Billion ) 742.00 622 845 777 818 884
GDP per capita (USD) 826.30 880 880 880 880 935
GDP per capita PPP (USD) 2003.13 1892 1914 1914 1954 1954
GDP Constant Prices (RWF Billion ) 2076.00 1976 2064 2175 2290 2473
GDP From Agriculture (RWF Billion) 516.00 525 532 541 569 615
GDP From Construction (RWF Billion) 177.00 162 171 185 195 211
GDP From Manufacturing (RWF Billion) 127.00 115 134 133 140 151
GDP From Mining (RWF Billion ) 52.00 40.56 47.25 54.47 57.36 61.94
GDP From Public Administration (RWF Billion) 104.00 85.28 94.5 109 115 124
GDP From Services (RWF Billion ) 1029.00 971 1004 1078 1135 1226
GDP From Transport (RWF Billion) 103.00 89.44 91.35 108 114 123
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 16.00 15.7 15.7 15.8 16 14.6
Population (Million) 12.30 12.97 12.97 12.97 12.94 13.26
Wages High Skilled (RWF/Month) 538400.00 538400 538400 538400 538400 538400
Employment Rate (%) 43.90 44.8 45.5 45.1 45.4 46
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 11.90 10 6.5 3.6 7 6
Core Inflation Rate (%) 2.30 2.5 2.2 2 2.1 2
Food Inflation (%) 23.80 15 10 8 6 4.5
Producer Prices (points) 137.53 123 144 141 130 134
Producer Prices Change (%) 11.44 6.3 5 4.2 3.1 3.2
Consumer Price Index Cpi (points) 132.82 133 131 132 142 151
CPI Transportation (points) 119.43 129 126 123 128 135
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.00 4.5 4.5 4 4 4
Deposit Interest Rate (%) 5.39 5.45 5.39 5.39 5.45 5.45
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -225.70 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -10.5 -10.5 -9.4
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 41.10 40 40 40 40 40.4
Government Budget (% of GDP) -4.30 -8 -8 -8 -8 -6
Government Spending (RWF Billion ) 289.00 310 420 303 319 344
Military Expenditure (USD Million) 119.50 132 132 132 132 140
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Consumer Spending (RWF Billion ) 1614.00 1502 1363 1691 1780 1923


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.