Markets Actual Q4 Q1 Q2 Q3 2023
Currency 1073.34 1088 1103 1119 1134 1167

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 4.10 4 2.6 3 5 3.8
GDP Annual Growth Rate (%) 7.50 7 6.5 7.3 8 7.5
Unemployment Rate (%) 18.10 24 22.5 22 22 22
Inflation Rate (%) 31.00 25 20 10 8 5
Interest Rate (%) 6.50 6.5 7 7 7 7
Balance of Trade (USD Million) -362.24 -265 -238 -225 -225 -225
Current Account to GDP (% of GDP) -10.90 -8 -8 -8 -8 -8
Government Debt to GDP (% of GDP) 66.70 68 69 69 69 69
Government Budget (% of GDP) -8.50 -8.5 -8.5 -8.5 -8.5 -7
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 2023
GDP Growth Rate (%) 4.10 4 2.6 3 5 3.8
GDP Annual Growth Rate (%) 7.50 7 6.5 7.3 8 7.5
GDP (USD Billion) 11.07 11 11 11 11 11.5
Gross Fixed Capital Formation (RWF Billion ) 660.00 723 766 712 708 824
GDP per Capita (USD) 902.62 870 870 870 870 890
GDP per Capita PPP (USD) 2270.22 2230 2230 2230 2230 2230
Full Year GDP Growth (%) 10.90 7 9 9 9 9
GDP Constant Prices (RWF Billion ) 2616.00 2752 2676 2807 2825 2958
GDP from Agriculture (RWF Billion) 619.00 652 646 664 669 700
GDP from Construction (RWF Billion) 162.00 193 193 174 175 207
GDP from Manufacturing (RWF Billion) 331.00 230 277 306 355 298
GDP from Mining (RWF Billion ) 110.00 95.5 120 109 118 129
GDP from Public Administration (RWF Billion) 154.00 168 160 170 165 173
GDP from Services (RWF Billion ) 1536.00 1424 1543 1520 1648 1659
GDP from Transport (RWF Billion) 201.00 114 177 189 216 190

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 18.10 24 22.5 22 22 22
Population (Million) 13.28 13.58 13.58 13.58 13.58 13.58
Employment Rate (%) 46.40 45 43 43 43 46

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 31.00 25 20 10 8 5
Core Inflation Rate (%) 9.20 7.5 6.3 5.6 4.5 4
Food Inflation (%) 56.90 45 30 18 10 8
Inflation Rate MoM (%) 5.60 1 1.5 1.4 0.7 1.3
Producer Prices (points) 171.59 173 181 185 179 182
Producer Prices Change (%) 13.10 10 7.5 6 4.6 5
CPI Transportation (points) 137.33 139 141 143 144 146
Consumer Price Index CPI (points) 178.66 169 177 174 183 178

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 6.50 6.5 7 7 7 7
Interbank Rate (%) 6.50 6.7 6.9 7.2 7.4 7.6
Deposit Interest Rate (%) 8.05 8.05 8.55 8.55 8.55 8.55
Lending Rate (%) 16.59 15.8 16.1 16.3 16.5 16

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Million) -362.24 -265 -238 -225 -225 -225
Current Account to GDP (% of GDP) -10.90 -8 -8 -8 -8 -8
Imports (USD Million) 533.91 410 375 355 355 360
Exports (USD Million) 171.68 145 137 130 130 135
External Debt (USD Million) 5389.00 5520 5520 5520 5520 5600

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 66.70 68 69 69 69 69
Government Budget (% of GDP) -8.50 -8.5 -8.5 -8.5 -8.5 -7
Government Spending (RWF Billion ) 431.00 439 501 462 465 472
Military Expenditure (USD Million) 164.00 140 140 140 140 140

Taxes Actual Q4 Q1 Q2 Q3 2023
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 2023
Industrial Production (%) 6.40 10 7 7 7 4
Manufacturing Production (%) 14.20 4 6 8 8 7.22

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Spending (RWF Billion ) 2000.00 1817 1945 1760 2146 2091