Rwanda’s economy registered 10.6% growth in first quarter of 2018

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Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.

Announcing the growth numbers for the first quarter of 2018, Yussuf Murangwa, the Director General of the National Institute of Statistics of Rwanda pointed out that Agriculture grew by 8%, industry by 7% while services registered 12% growth.

Rwanda’s economy registered 6.1% growth in 2017 buoyed by 10.5% growth in the fourth quarter. According to IMF and the Ministry of Finance and Economic Planning projections, the economy is expected to grow by 7.2% in 2018.

 

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