Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1000.92 1014 1027 1040 1054 1081

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.10 2.5 2.3 3.5 3.5 2.4
GDP Annual Growth Rate (%) 3.50 11 4 5.1 4.6 6.3
Unemployment Rate (%) 16.00 18 16 15 14 14
Inflation Rate (%) 0.40 2.6 2.4 2.2 3 4
Interest Rate (%) 4.50 4 4 4 4 3.5
Balance of Trade (USD Million) -162.40 -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 65 65 65 68 68
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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.10 2.5 2.3 3.5 3.5 2.4
GDP Annual Growth Rate (%) 3.50 11 4 5.1 4.6 6.3
GDP (USD Billion) 10.12 9.4 9.4 9.4 9.4 10.3
Gross Fixed Capital Formation (RWF Billion ) 663.00 527 626 697 694 741
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 ) 2329.00 2241 2328 2450 2438 2604
GDP From Agriculture (RWF Billion) 603.00 623 596 609 606 647
GDP From Construction (RWF Billion) 170.00 135 163 182 181 193
GDP From Manufacturing (RWF Billion) 198.00 191 208 218 217 231
GDP From Mining (RWF Billion ) 31.00 24.42 31.2 36.79 36.61 39.1
GDP From Public Administration (RWF Billion) 128.00 132 144 135 134 143
GDP From Services (RWF Billion ) 1079.00 1015 1087 1149 1143 1221
GDP From Transport (RWF Billion) 93.00 73.26 92.56 107 107 114

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 16.00 18 16 15 14 14
Population (Million) 12.66 13.4 13.4 13.26 13.26 13.58
Employment Rate (%) 48.90 45.4 45.4 46 46 46

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.40 2.6 2.4 2.2 3 4
Core Inflation Rate (%) 4.50 4.3 4.5 5 5.1 5.2
Food Inflation (%) -1.00 0.5 4 7 6 12
Producer Prices (points) 148.30 146 147 134 153 155
Producer Prices Change (%) 3.90 3.1 3.1 3.2 3.2 3.2
Inflation Rate Mom (%) -1.60 -2 0.7 1.5 2 1.4
Consumer Price Index CPI (points) 135.94 139 144 141 141 147
CPI Transportation (points) 123.11 150 149 123 126 128

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 4.50 4 4 4 4 3.5
Interbank Rate (%) 5.19 5.2 5.2 5.1 5.1 5.2
Deposit Interest Rate (%) 7.64 7.14 7.14 7.14 7.14 6.89
Lending Rate (%) 16.01 16.3 16.3 16.5 17.11 17.11

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -162.40 -100 -100 -100 -100 -100
Current Account to GDP (% of GDP) -8.70 -10 -10 -10 -10 -8

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 61.00 65 65 65 68 68
Government Budget (% of GDP) -6.20 -6.3 -6.3 -6.3 -6.3 -5.3
Military Expenditure (USD Million) 142.40 132 132 140 140 140
Government Spending (RWF Billion ) 377.00 395 357 396 394 421

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Industrial Production (%) 90.00 5 3 4 4 6

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (RWF Billion ) 1585.00 1497 1788 1666 1658 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.