Rwanda records robust first quarter economic growth in 2013

Rwanda’s Gross Domestic Product (GDP) expanded by 5.9 per cent in the first three months of 2013, compared to the 7 per cent recorded during the corresponding period of 2012.

 

In the same quarter, “Agriculture” grew by 5 percent and contributed by 1.8 percentage points to the overall GDP growth; Activities in the “industry sector” grew by 14 percent and contributed by 2.1 percentage points to the GDP growth; “Service sector” increased by 4 percent and contributed by 1.9 percentage points to the GDP growth.

 

The Total final consumption expenditure was 91 percent of the GDP while the government final consumption expenditure was 16 percent. The level of investment (Gross capital formation) is estimated at 24 percent of reflecting high levels of construction output.

 

Similarly, imports are provisionally estimated to have increased by 3 percent at constant prices. Exports grew by 39 percent following an increase of 35 percent in Q1 2012.