Rwanda GDP Growth Rate

The Gross Domestic Product (GDP) in Rwanda expanded 9.90 percent in the second quarter of 2012 over the previous quarter. GDP Growth Rate in Rwanda is reported by the National Institute of Statistics. From 2000 until 2012, Rwanda GDP Growth Rate averaged 8.2 Percent reaching an all time high of 13.4 Percent in June of 2008 and a record low of 2.2 Percent in December of 2003. Rwanda is one of the fastest growing economies in Central Africa. Although still poor and mostly agricultural (90% of the population is engaged in subsistence agriculture) the nation has made a significant progress in recent years. New industries such as tourism, cut flowers and fish farming have been gaining importance. The major source of foreign trade is coffee, tea, tin cassiterite, wolframite and pyrethrum. This page provides - Rwanda GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9.90 7.50 13.40 2.20 8.64 | 2014/06 2000 - 2012 Percent Quarterly

TO

Rwanda GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 7.10 2012-12-31 6.38 7.10 0.10 8.29 2014-06-30 USD Billion [+]
GDP Growth Rate 9.90 2012-06-30 7.50 13.40 2.20 8.64 2014-06-30 Percent [+]
GDP Annual Growth Rate 3.90 2013-09-30 5.70 13.40 2.20 3.78 2014-06-30 Percent [+]
GDP per capita 389.57 2012-12-31 370.92 389.57 140.25 418.01 2014-06-30 USD [+]
GDP per capita PPP 1167.18 2012-12-31 1111.32 1167.18 420.22 1252.38 2014-06-30 USD [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Rwanda Inflation Rate at 3.43 Percent  
The inflation rate in Rwanda was recorded at 3.43 percent in March of 2014. Inflation Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Current Account to GDP at -10.50 Percent  
Rwanda recorded a Current Account deficit of 10.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda GDP Annual Growth Rate at 3.90 Percent  
The Gross Domestic Product (GDP) in Rwanda expanded 3.90 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Rwanda stands at 30 percent. Personal Income Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Interest Rate at 7.00 Percent  
The benchmark interest rate in Rwanda was last recorded at 7 percent. Interest Rate in Rwanda is reported by the National Bank of Rwanda.
Rwanda Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Rwanda stands at 30 percent. Corporate Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Rwanda stands at 18 percent. Sales Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Balance of Trade at -72088.00 Million RWF  
Rwanda recorded a trade deficit of 72088 Million RWF in September of 2013. Balance of Trade in Rwanda is reported by the National Bank of Rwanda.
Rwanda Current Account at -812.76 USD Million  
Rwanda recorded a Current Account deficit of 812.76 USD Million in 2012. Current Account in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Government Budget at -1.90 Percent of GDP  
Rwanda recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2011/2012 fiscal year. Government Budget in Rwanda is reported by the National Bank of Rwanda.
MORE RELATED NEWS

LATEST NEWS

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News