Markets Actual Q2 Q3 Q4 Q1 2022
Currency 996.90 985 998 1011 1024 1051

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.20 2.5 2.3 3.5 3.5 2.4
GDP Annual Growth Rate (%) -0.60 11 4 5 4.6 7
Unemployment Rate (%) 16.00 18 16 15 14 14
Inflation Rate (%) 1.70 2.5 3.6 4 3.8 4.5
Interest Rate (%) 4.50 4 4 4 4 3.5
Balance of Trade (USD Million) -194.20 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -10 -10 -10 -10 -8
Government Debt to GDP (%) 51.40 69 69 69 69 69.5
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 (%) 4.20 2.5 2.3 3.5 3.5 2.4
GDP Annual Growth Rate (%) -0.60 11 4 5 4.6 7
GDP (USD Billion) 10.12 9.4 9.4 9.4 9.4 10.3
Gross Fixed Capital Formation (RWF Billion ) 663.00 608 527 761 632 676
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 ) 2331.00 2304 2241 2383 2350 2514
GDP From Agriculture (RWF Billion) 579.00 579 623 612 602 644
GDP From Construction (RWF Billion) 173.00 153 135 181 165 176
GDP From Manufacturing (RWF Billion) 207.00 188 191 142 210 225
GDP From Mining (RWF Billion ) 35.00 30.75 24.42 69.89 31.5 33.71
GDP From Public Administration (RWF Billion) 128.00 133 132 115 145 155
GDP From Services (RWF Billion ) 1093.00 1109 1015 1179 960 1027
GDP From Transport (RWF Billion) 102.00 111 73.26 105 93.45 99.99

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 (%) 1.70 2.5 3.6 4 3.8 4.5
Core Inflation Rate (%) 5.30 4.7 4.3 3.6 3.3 3.2
Food Inflation (%) -0.50 3.4 4 7 6 12
Consumer Price Index CPI (points) 136.80 139 146 144 142 150
CPI Transportation (points) 122.74 150 151 126 127 131
Producer Prices (points) 148.40 146 147 134 152 155
Producer Prices Change (%) 3.90 3.1 3.1 3.2 3.2 3.2
Inflation Rate Mom (%) 1.40 2.8 2.8 3.4 3.4 3.1

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 7.64 7.14 5.45 7.14 6.64
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) -194.20 -100 -100 -100 -100 -100
Current Account to GDP (%) -8.70 -10 -10 -10 -10 -8

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 51.40 69 69 69 69 69.5
Government Budget (% of GDP) -6.20 -6.3 -6.3 -6.3 -6.3 -5.3
Military Expenditure (USD Million) 122.30 132 132 140 140 140
Government Spending (RWF Billion ) 377.00 387 395 369 360 385

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 (%) 2.30 5 3 4 4 6

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (RWF Billion ) 1585.00 1724 1692 1760 1663 1780


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.