Rwanda | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 4.80 0.3 0.6 0.9 3.37 2.6 percent [+]
Unemployment Rate 13.20 13.5 14.1 14.69 15.28 19.12 percent [+]
Inflation Rate 11.00 6.8 6.5 6 5.5 5.5 percent [+]
Interest Rate 6.25 6.21 6.23 6.5 6.23 6 percent [+]
Balance of Trade -116.57 -127 -127 -127 -127 -127 USD Million [+]
Government Debt to GDP 28.00 31.42 30.07 28.73 27.39 25.37 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 823.94 828 836 844 852 974 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 4.80 0.3 0.6 0.9 3.37 2.6 percent [+]
GDP Annual Growth Rate 5.20 6.1 6.4 6.7 7 6.49 percent [+]
GDP 8.10 8.24 8.27 8.3 8.32 8.88 USD Billion [+]
Gross Fixed Capital Formation 381.00 423 404 408 426 514 FRW Billion [+]
GDP per capita 689.69 694 701 708 715 819 USD [+]
GDP per capita PPP 1655.18 1667 1686 1705 1724 2004 USD [+]
GDP Constant Prices 1343.00 1386 1381 1429 1475 1759 RWF Billion [+]
Gdp From Agriculture 491.00 470 482 467 493 690 BWP Million [+]
Gdp From Construction 118.00 100 101 102 102 102 BWP Million [+]
Gdp From Manufacturing 118.00 116 114 128 135 153 BWP Million [+]
Gdp From Mining 20.00 16.78 16.48 16.31 16.63 16.84 RWF Billion [+]
Gdp From Services 795.00 761 772 784 799 994 RWF Billion [+]
Gdp From Transport 49.00 48.98 51.05 51.92 54.87 94.11 BWP Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 13.20 13.5 14.1 14.69 15.28 19.12 percent [+]
Population 11.61 11.67 11.74 11.81 11.88 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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 11.00 6.8 6.5 6 5.5 5.5 percent [+]
Core Inflation Rate 3.80 4.51 4.72 4.68 4.48 4.15 percent [+]
Food Inflation 20.90 14.62 14.63 14.63 14.63 14.63 percent [+]
Producer Prices 113.72 113 113 115 115 115 Index Points [+]
Producer Prices Change 3.80 4.38 3.66 3.1 2.88 1.65 percent [+]
Inflation Rate Mom -0.20 0.8 0.24 0.53 0.38 0.43 percent [+]
Gdp Deflator 124.00 120 121 121 122 124 Index Points [+]
Consumer Price Index Cpi 118.72 119 120 120 120 120 Index Points [+]
Cpi Transportation 105.40 106 106 106 106 106 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 6.25 6.21 6.23 6.5 6.23 6 percent [+]
Deposit Interest Rate 7.60 7.99 8.09 8.18 8.28 8.06 percent [+]
Money Supply M1 766.60 885 919 954 991 1547 RWF Billion [+]
Money Supply M2 1281.50 1301 1295 1293 1282 1130 RWF Billion [+]
Money Supply M3 1563.60 1036 1036 1036 1036 1036 RWF Billion [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -116.57 -127 -127 -127 -127 -127 USD Million [+]
Exports 53.34 56.19 56.19 56.19 56.19 56.19 USD Million [+]
Imports 169.91 184 184 184 184 184 USD Million [+]
Current Account -823.40 -685 -737 -789 -841 -3410 USD Million [+]
Current Account to GDP -12.30 -11.26 -10.66 -10.06 -9.45 -11.14 percent [+]
Capital Flows 748.70 601 517 434 350 174 USD Million [+]
Terrorism Index 2.59 3.3 3.24 3.18 3.11 3.02 [+]
Foreign Direct Investment 267.70 256 257 259 260 264 USD Million [+]
External Debt 1851.54 1618 1645 1673 1700 930 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 28.00 31.42 30.07 28.73 27.39 25.37 percent [+]
Government Budget -4.80 -3.2 -3.24 -3.28 -3.32 -2.32 percent of GDP [+]
Military Expenditure 97.00 87.51 88.21 88.91 87.23 86.43 USD Million [+]
Government Spending 175.00 190 178 173 171 176 FRW Billion [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 4.90 -0.72 -0.72 -0.72 -0.72 -0.72 percent [+]
Manufacturing Production 5.60 4.69 3.96 17.71 1.26 10.27 percent [+]
Ease of Doing Business 56.00 50.22 50.3 50.39 50.47 51.03 [+]
Changes In Inventories 7.00 9.07 9.99 8.89 8.38 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 48.05 50.35 52.65 54.96 45.65 Points [+]
Corruption Rank 44.00 60.28 58 55.73 53.45 79.39 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 1055.00 997 1020 1058 1050 1049 RWF Billion [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 1/17/2017