Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1036.87 1030 1040 1050 1061 1082

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -2.30 0.8 1.6 1.5 1.5 1.6
GDP Annual Growth Rate (%) 7.90 6.5 6.8 6.5 7 7.2
Unemployment Rate (%) 23.80 23.7 24 22.5 22 22
Inflation Rate (%) 16.10 14 9.5 8.7 8.5 8
Interest Rate (%) 5.00 5.5 5.5 5.5 5.5 4.5
Balance of Trade (USD Million) -230.40 -225 -252 -265 -238 -225
Current Account to GDP (% of GDP) -10.00 -10 -8 -8 -8 -8
Government Debt to GDP (% of GDP) 61.00 66 66 66 66 65
Government Budget (% of GDP) -8.30 -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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -2.30 0.8 1.6 1.5 1.5 1.6
GDP Annual Growth Rate (%) 7.90 6.5 6.8 6.5 7 7.2
GDP (USD Billion) 11.07 11 11 11 11 11.5
Gross Fixed Capital Formation (RWF Billion ) 669.00 666 718 765 712 820
GDP per capita (USD) 902.62 870 870 870 870 890
GDP per capita PPP (USD) 2270.22 2150 2230 2230 2230 2230
Full Year GDP Growth (%) 10.90 7 7 9 9 9
GDP Constant Prices (RWF Billion ) 2513.00 2549 2624 2747 2676 2945
GDP From Agriculture (RWF Billion) 607.00 630 649 650 646 697
GDP From Construction (RWF Billion) 181.00 170 193 192 193 206
GDP From Manufacturing (RWF Billion) 220.00 221 228 235 234 252
GDP From Mining (RWF Billion ) 36.00 42.93 41.54 39.52 38.34 42.36
GDP From Public Administration (RWF Billion) 136.00 135 148 141 145 151
GDP From Services (RWF Billion ) 1251.00 1186 1240 1336 1332 1432
GDP From Transport (RWF Billion) 111.00 103 113 129 118 139

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 23.80 23.7 24 22.5 22 22
Population (Million) 12.66 13.26 13.58 13.58 13.58 13.58
Employment Rate (%) 46.50 44 44 43 43 46

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 16.10 14 9.5 8.7 8.5 8
Core Inflation Rate (%) 4.10 2.6 3 2.5 1.8 2.4
Food Inflation (%) 26.10 10 8 6 5 4
Inflation Rate Mom (%) 1.20 3.3 2.8 1.8 1.4 1.4
Producer Prices (points) 180.30 178 179 185 195 194
Producer Prices Change (%) 21.20 17 14 10 8 8
CPI Transportation (points) 133.45 138 142 144 146 148
Consumer Price Index CPI (points) 157.79 156 148 160 171 160

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 5.00 5.5 5.5 5.5 5.5 4.5
Interbank Rate (%) 5.46 6.1 6.2 6.2 6.4 6.4
Deposit Interest Rate (%) 8.11 8.61 8.61 8.61 8.61 8.61
Lending Rate (%) 16.74 17.3 17.5 17.2 17 17

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -230.40 -225 -252 -265 -238 -225
Current Account to GDP (% of GDP) -10.00 -10 -8 -8 -8 -8
Imports (USD Million) 371.20 390 410 375 355 360
Exports (USD Million) 140.80 138 145 137 130 135
External Debt (USD Million) 5389.00 5520 5520 5520 5520 5600

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 61.00 66 66 66 66 65
Government Budget (% of GDP) -8.30 -8.5 -8.5 -8.5 -8.5 -7
Government Spending (RWF Billion ) 470.00 447 469 438 501 469
Military Expenditure (USD Million) 142.40 140 140 140 140 140

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Industrial Production (%) -0.30 8.5 10 7 7 4
Manufacturing Production (%) 6.70 3.5 4 6 8 7.22

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (RWF Billion ) 1653.00 1767 1803 1942 1760 2081


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Rwanda Forecast - was last updated on Tuesday, August 9, 2022.