Gross Domestic Product (GDP)

DESCRIPTION:

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity. For each publication, the distribution gives the percentage contribution of agriculture, industry, and services to total GDP. 

The Index of Industrial Production (IIP) measures the real production output of mining and quarrying, manufacturing and utilities.

KEY LATEST FIGURES:

1. Quarterly GDP

In the second quarter of 2026, GDP increased by 9.4 % compared to the second quarter of 2025.

2. Calendar year GDP

In 2025, GDP grew by 9.4%. This is a result of a continuous growth through the year where GDP grew by 6.5% in the first quarter, 7.8% in the second quarter, 11.8% in the third quarter and 11.2% in the fourth quarter.

3. Fiscal year GDP

In the fiscal year 2025/26, GDP at current market prices was estimated at 25,833 billion, up from 21,513 billion Rwandan franc in 2024/25.

4. Index of Industrial Production (IIP)

In July 2026, the formal sector industrial output increased by 6.6% compared to July 2025, while the annual average growth rate was 6.4%.

5. Rwanda - 2024 Supply and Use Table (SUT)

The 2024 GDP rebasing is built on NISR’s ongoing commitment to maintain updated and reliable national accounts. Since 2006, Rwanda has systematically updated its GDP base year on a periodic basis as follows: the base year was updated to 2006 (implemented in 2009), then to 2011(in 2014), followed by 2014 (in 2017), 2017 (in 2020) and recently to 2024 (in 2025). 

6. Rwanda - 2024 Social Accounts Matrix (SAM)

Rwanda Social Accounting Matrix (SAM) is an economy-wide database that records all economic transaction flows which include production of good and services, generation of income accounts, allocation of primary income, secondary distribution income, and use/consumption between different economic agents during 2024.

COMPREHENSIVE REPORTS:

GDP Quarterly

In the second quarter of 2026, GDP at constant 2024 prices increased by 9.4% when compared to the same quarter of 2025.

GDP Calendar

In 2025, GDP grew by 9.4%. This is a result of a continuous growth through the year where GDP grew by 6.5% in the first quarter, 7.8% in the second quarter.

GDP Fiscal

In the fiscal year 2024/25, GDP growth was 6.3 %. GDP at current market prices was estimated at Frw 21,512 billion, up from Frw 18,371 billion.

IIP

In July 2026, the formal sector industrial output increased by 6.6% compared to July 2025, while the annual average growth rate was 6.4%.