20 September 2016

Rwanda's GDP growth figures at 5.4% for Q2, 2016

In the second quarter of 2016, Rwanda's Gross domestic product (GDP) at current market prices was estimated to be Rwf 1,549 billion, up from Rwf 1,428 billion in the same quarter of 2015.

The Services sector contributed 48 percent of GDP while the agriculture sector contributed 33 percent of the GDP. The industry sector contributed 13 percent of the GDP and 6 percent was attributed to adjustment for taxes and subsidies on products.

In 2016 Q2, estimates calculated in 2011 prices shows that GDP was 5.4 percent higher in real terms compared to the same quarter of 2015.  In this quarter, “Agriculture sector” grew by 3 percent and contributed 0.9 percentage points to the overall GDP growth. Activities in the “industry sector” decreased by 2 percent and contributed negative 0.3 percentage points. “Service sector” increased by 9 percent and contributed 4.4 percentage points to the overall GDP.

By: Jean Claude MWIZERWA

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