The Gross Domestic Product (GDP) in Rwanda expanded 4.50 percent in the second quarter of 2021 over the previous quarter. source: National Institute of Statistics of Rwanda

GDP Growth Rate in Rwanda averaged 2.48 percent from 2000 until 2021, reaching an all time high of 13.20 percent in the fourth quarter of 2002 and a record low of -10.20 percent in the second quarter of 2020. This page provides - Rwanda GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Rwanda GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in Rwanda is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda GDP Growth Rate is projected to trend around 1.60 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Rwanda GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-06-18 10:00 AM Q1 -0.1% 4.2% 3%
2021-09-17 03:30 PM Q2 4.5% -0.1% 2%
2021-12-21 11:00 AM Q3 4.5%

Related Last Previous Unit Reference
GDP Growth Rate 4.50 -0.10 percent Jun/21
GDP Annual Growth Rate 20.60 3.50 percent Jun/21
GDP From Transport 98.00 93.00 RWF Billion Jun/21
GDP From Services 1133.00 1079.00 RWF Billion Jun/21
GDP From Public Administration 129.00 128.00 RWF Billion Jun/21
GDP From Mining 41.00 31.00 RWF Billion Jun/21
GDP From Manufacturing 211.00 198.00 RWF Billion Jun/21
GDP From Construction 162.00 170.00 RWF Billion Jun/21
GDP From Agriculture 602.00 603.00 RWF Billion Jun/21
GDP Constant Prices 2434.00 2329.00 RWF Billion Jun/21
Rwanda GDP Growth Rate
Services is the largest sector of the Rwanda's economy and accounts for 53 percent of total GDP. Within services, the most important sub-sectors are: real estate activities (8 percent), wholesale and retail trade (8 percent), cultural, domestic & other services (6 percent), administrative and support service activities and public administration and defence; and compulsory social security (5 percent each). Agriculture, forestry and fishing account for 29 percent of GDP, with food crops contributing 17 percent. The industrial sector constitutes 18 percent of the GDP, with construction (7 percent) and manufacturing (6 percent) accounting for the largest shares. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (28 percent) and government expenditure (16 percent). Exports of goods and services account for 19 percent of GDP while imports account for 39 percent, subtracting 20 percent of total GDP. The major source of foreign trade is coffee, tea, tin cassiterite, wolframite and pyrethrum.