Rwanda’s growth rate slowed to 7.7 per cent in three months to Sept 2018
Rwanda’s economic growth decelerated to 7.7 per cent during the three months to September 30, 2018, from eight per cent in the same period in 2017, according to data by the Rwanda National Bureau of Statistics. In the third quarter of 2018, GDP at current market prices was estimated at Rwf2.06 trillion ($2.29 billion), up from Rwf1.92 trillion ($2.14 billion) in the same period in 2017. Industry contributed 17 per cent of the GDP and seven per cent was attributed to adjustment for taxes and subsidies on products. According to the report, Rwanda’s services sector grew by seven per cent during the three months to September 30, boosted by trade, transport, financial services, information and communication. Agriculture grew by five per cent, industry grew by 12 per cent, while exports of goods and services declined by four per cent.