Markets Actual Q4 Q1 Q2 Q3 2021
Currency 982.64 995 1008 1022 1035 1062

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -10.20 0.8 1 1.5 2 2
GDP Annual Growth Rate (%) -12.40 1.3 2.5 4 5 5
Unemployment Rate (%) 16.00 15.4 14.7 18 16 15
Inflation Rate (%) 9.30 10.5 10 9.5 9 8.5
Interest Rate (%) 4.50 4.5 4.5 4 4 4
Balance of Trade (USD Million) -142.80 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -16.5 -10 -10 -10 -10
Government Debt to GDP (%) 41.10 65 57 57 57 57
Government Budget (% of GDP) -4.30 -8 -6.3 -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 Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -10.20 0.8 1 1.5 2 2
GDP Annual Growth Rate (%) -12.40 1.3 2.5 4 5 5
GDP (USD Billion) 10.12 8.6 9.4 9.4 9.4 9.4
Gross Fixed Capital Formation (RWF Billion ) 475.00 668 608 494 499 701
GDP per capita (USD) 904.70 750 845 845 845 845
GDP per capita PPP (USD) 2226.20 2050 2150 2150 2150 2150
GDP Constant Prices (RWF Billion ) 2019.00 2376 2304 2100 2120 2495
GDP From Agriculture (RWF Billion) 561.00 568 579 583 589 597
GDP From Construction (RWF Billion) 122.00 180 153 127 128 189
GDP From Manufacturing (RWF Billion) 172.00 191 188 179 181 201
GDP From Mining (RWF Billion ) 22.00 43.56 30.75 22.88 23.1 45.74
GDP From Public Administration (RWF Billion) 119.00 129 133 124 125 135
GDP From Services (RWF Billion ) 914.00 1145 1109 951 960 1202
GDP From Transport (RWF Billion) 66.00 128 111 68.64 69.3 134

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 16.00 15.4 14.7 18 16 15
Population (Million) 12.37 12.94 13.4 13.4 13.4 13.26
Employment Rate (%) 48.90 45.4 45.4 45.4 45.4 46

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 9.30 10.5 10 9.5 9 8.5
Core Inflation Rate (%) 5.40 5.1 3.8 3.5 3.2 3.3
Food Inflation (%) 13.80 16 15.8 16.4 17 17
Producer Prices (points) 142.67 130 147 146 148 134
Producer Prices Change (%) 5.60 3.1 3.1 3.1 3.1 3.2
Inflation Rate Mom (%) 0.00 4 2.8 2.8 2.8 3.4
Consumer Price Index CPI (points) 141.00 147 151 149 154 159
CPI Transportation (points) 132.23 132 132 160 159 143

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 4.50 4.5 4.5 4 4 4
Deposit Interest Rate (%) 7.64 7.64 7.64 7.14 7.14 7.14

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -142.80 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -16.5 -10 -10 -10 -10

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 41.10 65 57 57 57 57
Government Budget (% of GDP) -4.30 -8 -6.3 -6.3 -6.3 -6.3
Military Expenditure (USD Million) 119.50 132 132 132 132 140
Government Spending (RWF Billion ) 356.00 345 387 370 374 363

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) 6.10 -8 2 5 3 4

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (RWF Billion ) 1524.00 1663 1724 1585 1600 1747


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.