The performance was mainly driven agriculture, industry sector and services which contributed 25%, 21% and 47% respectively while the net direct taxes accounted for 7%.

Figures released on Thursday 16th March 2023, show that agriculture grew by 2%, industry by 5% while services grew by 12%.

Besides, hotel and restaurants grew by 87%, financial services grew by 10%, information and communication by 20%, education by 17%, transport by 22% while wholesale and retail services increased by 14%.

As per figures from the National Institute of Statistics of Rwanda (NISR), Rwanda registered GDP growth by 7.9% in the first quarter of 2022, 7.5% in the second, 10% in the third and 7.3% in the fourth quarter.

The annual growth was estimated at 8.2% in 2022 compared to 2021.

Generally, the agricultural produce dropped by 1% while agricultural exports decreased by 4%.

In the industry sector, mining and quarry exploration registered 15% growth and 11% increase in manufacturing output.

The output of the food processing industry increased by 13 percent, the output of the clothing and footwear processing industry increased by 21 percent, and the output of the metal processing industry increased by 7 percent.

NISR has revealed that the output would have increased further but it was not possible owing to the decline in construction activities which decreased by 6 percent.

According to the Minister of Finance and Planning, Dr. Uzziel Ndagijimana, the published figures are a general indicator of overall activities carried out during the year.