Markets Actual Q3 Q4 Q1 Q2 2021
Currency 970.54 987 1000 1013 1026 1052

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -10.20 0.4 0.8 1 1.5 2
GDP Annual Growth Rate (%) -12.40 0.8 1 2.5 4 5
Unemployment Rate (%) 15.40 17.2 17.6 18 17.4 17
Inflation Rate (%) 10.90 10 7 5.8 5.3 6
Interest Rate (%) 4.50 4 4 4 4 3.5
Balance of Trade (USD Million) -128.60 -100 -100 -100 -100 -100
Current Account to GDP (%) -7.80 -10.5 -10.5 -9.4 -9.4 -9.4
Government Debt to GDP (%) 41.10 65 65 57 57 57
Government Budget (% of GDP) -4.30 -8 -8 -6.3 -6.3 -6.3
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 2021
GDP Growth Rate (%) -10.20 0.4 0.8 1 1.5 2
GDP Annual Growth Rate (%) -12.40 0.8 1 2.5 4 5
GDP (USD Billion) 10.12 8.6 8.6 9.4 9.4 9.4
Gross Fixed Capital Formation (RWF Billion ) 593.00 605 666 608 617 699
GDP per capita (USD) 904.70 750 750 845 845 845
GDP per capita PPP (USD) 2226.20 2050 2050 2150 2150 2150
GDP Constant Prices (RWF Billion ) 2019.00 2330 2369 2304 2338 2488
GDP From Agriculture (RWF Billion) 561.00 563 567 579 588 595
GDP From Construction (RWF Billion) 122.00 168 180 153 155 189
GDP From Manufacturing (RWF Billion) 172.00 189 191 188 190 200
GDP From Mining (RWF Billion ) 22.00 40.16 43.43 30.75 31.2 45.6
GDP From Public Administration (RWF Billion) 119.00 138 128 133 135 135
GDP From Services (RWF Billion ) 914.00 1133 1141 1109 1125 1198
GDP From Transport (RWF Billion) 66.00 133 127 111 112 134

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 15.40 17.2 17.6 18 17.4 17
Population (Million) 12.37 12.97 12.94 13.4 13.4 13.26
Employment Rate (%) 48.30 45.1 45.4 45.4 45.4 46

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 10.90 10 7 5.8 5.3 6
Core Inflation Rate (%) 4.60 3.4 3.2 3 3.2 3.3
Food Inflation (%) 15.50 14 16 15.8 16.4 17
Producer Prices (points) 142.95 141 130 147 146 134
Producer Prices Change (%) 1.30 4.2 3.1 3.1 3.1 3.2
Inflation Rate Mom (%) 1.20 3.5 4 2.8 2.8 3.4
Consumer Price Index CPI (points) 138.79 140 142 145 143 151
CPI Transportation (points) 144.75 130 128 127 154 135

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.50 4 4 4 4 3.5
Deposit Interest Rate (%) 7.64 7.14 7.14 7.14 7.14 7.14

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

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 41.10 65 65 57 57 57
Government Budget (% of GDP) -4.30 -8 -8 -6.3 -6.3 -6.3
Military Expenditure (USD Million) 119.50 132 132 132 132 140
Government Spending (RWF Billion ) 378.00 325 344 387 393 362

Taxes Actual Q3 Q4 Q1 Q2 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

Business Actual Q3 Q4 Q1 Q2 2021
Industrial Production (%) -6.00 -4.5 -8 2 5 4

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (RWF Billion ) 1682.00 1629 1658 1724 1749 1741


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.