Rwanda | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -1.40 0.59 0.3 0.6 0.9 -0.14 percent [+]
Unemployment Rate 13.20 12.91 14.1 14.69 15.28 19.12 percent [+]
Inflation Rate 9.10 7.9 6.8 6.5 6 5.5 percent [+]
Interest Rate 6.50 6.5 6.5 6.5 6.5 6 percent [+]
Balance of Trade -127.35 -127 -127 -127 -127 -127 USD Million [+]
Government Debt to GDP 28.00 27.39 27.24 27.1 26.95 25.37 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 809.02 815 824 832 840 969 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate -1.40 0.59 0.3 0.6 0.9 -0.14 percent [+]
GDP Annual Growth Rate 5.40 5.9 6.1 6.4 6.7 6.49 percent [+]
GDP 8.10 8.32 8.37 8.41 8.46 8.88 USD Billion [+]
Gross Fixed Capital Formation 356.00 407 423 404 408 514 FRW Billion [+]
GDP per capita 689.69 715 722 728 735 819 USD [+]
GDP per capita PPP 1655.18 1726 1742 1758 1774 2010 USD [+]
GDP Constant Prices 1282.00 1390 1386 1381 1429 1759 RWF Billion [+]
Gdp From Agriculture 448.00 470 482 467 493 690 BWP Million [+]
Gdp From Construction 96.00 100 101 102 102 102 BWP Million [+]
Gdp From Manufacturing 125.00 116 114 128 135 153 BWP Million [+]
Gdp From Mining 17.00 16.78 16.48 16.31 16.63 16.84 RWF Billion [+]
Gdp From Services 745.00 761 772 784 799 994 RWF Billion [+]
Gdp From Transport 47.00 48.98 51.05 51.92 54.87 94.11 BWP Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 13.20 12.91 14.1 14.69 15.28 19.12 percent [+]
Population 11.61 11.88 11.95 12.02 12.09 12.9 Million [+]
Wages High Skilled 370000.00 362500 362500 362500 362500 362500 RWF/Month [+]
Wages Low Skilled 126000.00 126000 126000 126000 126000 126000 RWF/Month [+]
Living Wage Individual 86200.00 86200 86200 86200 86200 86200 RWF/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 9.10 7.9 6.8 6.5 6 5.5 percent [+]
Core Inflation Rate 3.60 4.19 5.01 5.54 5.7 4.97 percent [+]
Food Inflation 7.70 7.93 7.96 7.96 7.96 7.96 percent [+]
Producer Prices 110.06 112 111 111 111 111 Index Points [+]
Producer Prices Change 3.80 3.13 4.38 3.66 3.1 1.65 percent [+]
Inflation Rate Mom 3.10 0.84 0.45 0.43 0.43 0.43 percent [+]
Gdp Deflator 121.00 120 121 121 122 124 Index Points [+]
Consumer Price Index Cpi 118.40 121 121 123 123 123 Index Points [+]
Cpi Transportation 103.90 103 104 104 104 104 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 6.50 6.5 6.5 6.5 6.5 6 percent [+]
Deposit Interest Rate 7.60 8.28 8.4 8.51 8.63 8.06 percent [+]
Money Supply M1 766.60 856 890 925 961 1563 RWF Billion [+]
Money Supply M2 1281.50 1298 1301 1295 1293 1130 RWF Billion [+]
Money Supply M3 1563.60 1039 1036 1036 1036 1036 RWF Billion [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -127.35 -127 -127 -127 -127 -127 USD Million [+]
Exports 56.55 56.2 56.19 56.19 56.19 56.19 USD Million [+]
Imports 183.90 184 184 184 184 184 USD Million [+]
Current Account -823.40 -841 -931 -1021 -1111 -3410 USD Million [+]
Current Account to GDP -12.30 -9.45 -9.92 -10.39 -10.86 -11.14 percent [+]
Capital Flows 748.70 350 420 490 560 174 USD Million [+]
Terrorism Index 2.59 3.11 3.21 3.3 3.4 3.02 [+]
Foreign Direct Investment 267.70 260 261 263 264 264 USD Million [+]
External Debt 1851.54 1700 1639 1578 1517 930 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 28.00 27.39 27.24 27.1 26.95 25.37 percent [+]
Government Budget -4.80 -3.32 -3.17 -3.02 -2.87 -2.32 percent of GDP [+]
Military Expenditure 97.00 87.51 88.21 88.91 87.23 86.43 USD Million [+]
Government Spending 184.00 163 190 178 173 176 FRW Billion [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 4.90 -0.72 -0.72 -0.72 -0.72 -0.72 percent [+]
Manufacturing Production 5.60 14.46 4.69 3.96 17.71 10.27 percent [+]
Ease of Doing Business 56.00 50.13 50.3 50.39 50.47 51.03 [+]
Changes In Inventories 11.00 7.84 9.07 9.99 8.89 8.92 FRW Billion [+]
Competitiveness Index 4.41 4.33 4.33 4.33 4.33 4.54 Points [+]
Competitiveness Rank 52.00 59.1 59.1 59.1 59.1 56.77 [+]
Corruption Index 54.00 54.96 54.58 54.21 53.83 45.65 Points [+]
Corruption Rank 44.00 53.45 54.61 55.76 56.92 79.39 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 1006.00 1045 997 1020 1058 1049 RWF Billion [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate For Companies 5.00 5 5 5 5 5 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]





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. 12/3/2016