Rwanda News Agency Grands Lacs Hebdo

The Rwanda News Agency website is a newswire based in Kigali. It is neither state-owned nor state-run.

It is a subscription service and you are not logged in, so some content is hidden. Login to access full stories, or register for a free trial.

GDP 2017: Annual & Quarter estimates

E-mail Print PDF

Kigali: Today, the Minister of Finance, Claver Gatete, and the CEO of National Institute of Statistics, Yusuf Murangwa, presented to the Medias the Gross Domestics Product (GDP) 2017. According to annual estimates, in the year 2017, GDP at current market prices was estimated at Frw 7,597 billion up from Frw 6,672 billion in 2016. In this year, the share of Agriculture, Industry, and Services was 31%, 16% and 46% respectively.

In 2017, GDP growth was 6, 1% higher in real terms compared to 2016. Within sectors: Agriculture grew by 7%; Industry grew by 4%; Services grew by 8%. The 2017 annual report was mostly influenced by the 4th quarter GDP growth.

According to fourth quarter estimates, in the 4th quarter of 2017, GDP growth was 10, 5%. Growth within sectors was as below: Agriculture grew by 10%; Industry grew by 10%; and Services grew by 11%.

Growth in Agriculture was boosted by a good harvest of food crops in season B and C of 11% after a low growth of 1% realized in same seasons of 2016.

Growth in industry is mainly due to an increase of 51% in mining & quarrying products. Coltan and Cassiterite for example increase by 94% and 21% respectively. In manufacturing, food processing increased by 16% boosted by processing of cereals. Textile, clothes &  leather products increased by 19% while chemicals, rubber & plastics grew by 14%.  However, beverage and tobacco decreased by 8% while construction decreased by 1%.

Service sector growth was driven wholesale and retail trade which increased by 19%. Transport activities increased by 16% boosted by air transport. Administrative and support services activities increased by 37% while Financial sector increased by 14%. (End)



Rwanda: Doing Business


FAO au Rwanda