view of skyscrapers from below

Rwanda GDP (USD bn)

GDP in Rwanda

In the final quarter of 2022, GDP growth decelerated to 7.2% year on year (Q3: +10.0% yoy), the softest since Q1 2021. Consequently, the economy grew 8.2% in 2022, a softer expansion than 2021’s 10.9% post-pandemic rebound. Looking at the details of Q4, the deceleration was driven by softer private consumption and exports expansions. Private consumption was rather resilient, despite price pressures intensifying to 32.2% on average in Q4. Meanwhile, fixed investment declined at a slower pace in Q4 from the previous quarter. Less positively, government spending contracted marginally in the final three months of 2022. In terms of production, the rebound in the industrial sector and stronger agricultural activity were unable to offset the slowdown in the services sector. In 2023, devastating floods in May will have impacted activity.

Rwanda GDP Chart

This chart displays GDP (USD bn) for Rwanda from 2013 to 2022.

Rwanda GDP Data

2017 2018 2019 2020 2021
GDP (USD bn) 9.3 9.6 10.3 10.2 11.1

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest