Rwanda's economy expanded by 7.8% year-on-year in the first quarter of 2025, easing from an 8.0% increase in the previous quarter and marking the slowest pace since Q3 2023. The deceleration was largely attributed to a notable slowdown in the services and agriculture sectors. The services sector expanded by 9% (vs. 11% in Q4), marking its weakest growth in six quarters, mainly due to sharp slowdowns in wholesale & retail trade (14% vs 23%) and transport (4% vs 8%). Meanwhile, agricultural output grew 2% (vs. 3%), the slowest since Q2 2023, mainly due to a decline in food crop production (-1% vs. 2%). In contrast, industrial activity accelerated to 9% (vs. 7%), marking its fastest growth in three quarters. This was supported by continued gains in manufacturing (7% vs. 3%) and construction (13% vs. 9%), while mining and quarrying output (-3% vs. 5%) contracted, reversing previous growth. On a quarterly basis, GDP shrank by 1.0%, compared with a 4.1% expansion in Q4 2024. source: National Institute of Statistics of Rwanda

The Gross Domestic Product (GDP) in Rwanda expanded 7.80 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Rwanda averaged 7.34 percent from 2000 until 2025, reaching an all time high of 20.60 percent in the second quarter of 2021 and a record low of -12.50 percent in the second quarter of 2020. This page provides the latest reported value for - Rwanda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Rwanda GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Rwanda expanded 7.80 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Rwanda is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda GDP Annual Growth Rate is projected to trend around 7.50 percent in 2026 and 7.80 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-19 01:20 PM
GDP Growth Rate YoY
Q4 8% 8.1% 7%
2025-06-20 12:40 PM
GDP Growth Rate YoY
Q1 7.8% 8% 7.6%
2025-09-20 01:00 PM
GDP Growth Rate YoY
Q2 7.8% 7.1%


Related Last Previous Unit Reference
Full Year GDP Growth 8.90 8.20 percent Dec 2024
GDP Growth Rate YoY 7.80 8.00 percent Mar 2025
GDP Constant Prices 3241.00 3274.00 RWF Billion Mar 2025
GDP from Agriculture 668.00 658.00 RWF Billion Mar 2025
GDP from Construction 236.00 211.00 RWF Billion Mar 2025
GDP from Manufacturing 284.00 286.00 RWF Billion Mar 2025
GDP from Mining 49.00 50.00 RWF Billion Mar 2025
GDP from Public Administration 174.00 207.00 RWF Billion Mar 2025
GDP from Services 1633.00 1712.00 RWF Billion Mar 2025
GDP from Transport 155.00 167.00 RWF Billion Mar 2025
GDP Growth Rate -1.00 4.10 percent Mar 2025

Rwanda GDP Annual Growth Rate
Services is the largest sector of the Rwanda's economy and accounts for 53 percent of total GDP. Within services, the most important sub-sectors are: real estate activities (8 percent), wholesale and retail trade (8 percent), cultural, domestic & other services (6 percent), administrative and support service activities and public administration and defence; and compulsory social security (5 percent each). Agriculture, forestry and fishing account for 29 percent of GDP, with food crops contributing 17 percent. The industrial sector constitutes 18 percent of the GDP, with construction (7 percent) and manufacturing (6 percent) accounting for the largest shares. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (28 percent) and government expenditure (16 percent). Exports of goods and services account for 19 percent of GDP while imports account for 39 percent, subtracting 20 percent of total GDP. The major source of foreign trade is coffee, tea, tin cassiterite, wolframite and pyrethrum.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 8.00 20.60 -12.50 2000 - 2025 percent Quarterly
Constant Prices 2017, NSA

News Stream
Rwanda GDP Growth Slows to 7.8% in Q1 2025
Rwanda's economy expanded by 7.8% year-on-year in the first quarter of 2025, easing from an 8.0% increase in the previous quarter and marking the slowest pace since Q3 2023. The deceleration was largely attributed to a notable slowdown in the services and agriculture sectors. The services sector expanded by 9% (vs. 11% in Q4), marking its weakest growth in six quarters, mainly due to sharp slowdowns in wholesale & retail trade (14% vs 23%) and transport (4% vs 8%). Meanwhile, agricultural output grew 2% (vs. 3%), the slowest since Q2 2023, mainly due to a decline in food crop production (-1% vs. 2%). In contrast, industrial activity accelerated to 9% (vs. 7%), marking its fastest growth in three quarters. This was supported by continued gains in manufacturing (7% vs. 3%) and construction (13% vs. 9%), while mining and quarrying output (-3% vs. 5%) contracted, reversing previous growth. On a quarterly basis, GDP shrank by 1.0%, compared with a 4.1% expansion in Q4 2024.
2025-06-20
Rwanda GDP Grows 8% in Q4, 8.9% in 2024
Rwanda's economy grew by 8.0% year-on-year in the fourth quarter of 2024, slightly down from the 8.1% expansion recorded in the previous quarter. For the full year, GDP advanced by 8.9%, accelerating from 8.2% in the previous two years, driven by strong agricultural yields and robust growth in the industrial and service sectors. Agricultural output increased by 5%, up from 2% in 2023, while industrial production expanded by 10%, matching the previous year’s pace, supported by a surge in electricity output and strong growth in construction and manufacturing. Meanwhile, the services sector grew by 10%, slightly below the 11% rise in 2023, bolstered by gains in trade, transport, and other services.
2025-03-19
Rwanda Q3 GDP Growth Lowest in A Year
Rwanda's economy advanced 8.1% year-on-year in Q3 2024, easing from a 9.8% rise in Q2 and marking the softest growth since Q3 2023, amid a considerable slowdown in the industrial and agricultural sectors. The industrial sector expanded the least in five quarters (8% vs 15% in Q2), mainly due to relative sluggishness in manufacturing output (5% vs 17% in Q2) and construction (5% vs 18%). Agricultural activity rose by 4% in Q3, the weakest pace since Q4 2023, after a 7% gain in Q2, rattled by decelerations in food crops (2% vs 8%) and forestry activity (5% vs 6%). Meanwhile, the services sector continued to grow solidly, rising by 10% and matching the pace in Q2, supported by strong performance in information and communication (19%), hotels and restaurants (17%), wholesale and retail trade (19%), financial services (15%), and transport (8%). Quarterly, the GDP growth rate doubled, increasing to 3.0% from the previous 1.5%.
2024-12-18