The Gross Domestic Product (GDP) in Rwanda expanded 5.60 percent in the third quarter of 2019 over the previous quarter. Rwanda GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Rwanda averaged 2.69 percent from 2000 until 2019, reaching an all time high of 13.20 percent in the fourth quarter of 2002 and a record low of -2.20 percent in the first quarter of 2013. This page provides - Rwanda GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Rwanda is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Rwanda to stand at 2.80 in 12 months time. In the long-term, the Rwanda GDP Growth Rate is projected to trend around 2.60 percent in 2021, according to our econometric models.

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Rwanda GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 3.50 13.20 -2.20 2000 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-15 02:45 PM Q4 2.9% 5.9% 2.7%
2019-06-17 03:15 PM Q1 -0.5% 2.9% 1.4%
2019-09-16 03:10 PM Q2 3.5% -0.5% 2.0%
2019-12-12 10:25 AM Q3 5.6% 3.5% 1.7%
2020-03-16 02:45 PM Q4 5.6% 3.1%
2020-06-17 03:15 PM Q1 0.7%
2020-09-16 03:10 PM Q2 1.6%
2020-12-21 11:00 AM Q3 2%

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.