2016 GDP up to Rwf 6,618 billion

By IGIHE
On 16 March 2017 at 09:20

Rwanda Gross Domestic Product (GDP) in 2016 reached Rwf6, 618 billion from Rwf5,956 billion in the previous year, a 5.9% growth.
Agriculture grew by 4%, industries by 7% and service sector grew by 6%.
The Minister of Finance and Economic Planning, Amb. Claver Gatete said that the economic growth in 2016 surpassed previous years.
He explained that the progress was close the target because the economy raised by 5.9% while the target was 6%.
Gatete explained that hosting international (...)

Rwanda Gross Domestic Product (GDP) in 2016 reached Rwf6, 618 billion from Rwf5,956 billion in the previous year, a 5.9% growth.

Agriculture grew by 4%, industries by 7% and service sector grew by 6%.

The Minister of Finance and Economic Planning, Amb. Claver Gatete said that the economic growth in 2016 surpassed previous years.

He explained that the progress was close the target because the economy raised by 5.9% while the target was 6%.

Gatete explained that hosting international meetings contributed a lot to the 2016 GDP especially hotels and restaurants.

The Director of National Institute of Statistics of Rwanda,Yusuf Murangwa explained that agricultural growth was boosted by food crops in the first quarter at 5% though the latter declined in the second quarter growing by 1% due to drought and floods in some regions of the country.

Made in Rwanda also contributed a lot because textile and leather industries grew by 10% ,food processing industries by 8% while construction materials including cement increased by 21%.

Hotel and restaurants related services grew by 11% while transport related services rose by 8%.

The Minister of Finance and Economic Planning, Amb. Claver Gatete said that the economic growth in 2016 surpassed previous years.

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