In 2024, Rwanda maintained a strong Real GDP growth of 8.9%, higher than the projected 8.3%. Out of this growth, the services contributed a significant portion of 5.2%, industry contributed 1.8%, and 1.2% for the agriculture sector.
GDP growth is projected at 7.1%, 7.5%, 7.4% in 2025, 2026, and 2027 respectively, before stabilizing at 7.0% in 2028.
The growth of the agriculture sector was 5% driven by the outstanding growth of food crops that grew by the same percentage due to the good harvest of both agricultural seasons. This sector performance is projected at 5.3% in the next year.
The industry growth was 10%, driven by mining & quarrying, and construction where each one increased by 12%, while manufacturing activities increased by 7%. The growth in manufacturing was boosted by outstanding growth in the manufacturing of metal products, machinery & equipment (20%); non-metallic mineral products (15%); chemicals, rubber & plastic products (15%); and textiles, clothing & leather (10%).
The growth of the services sector was 10%, driven by trade, tourism, transport, and telecommunication and will be 6% in 2025.
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