The figures released on Monday 19th December 2022 show that the country’s GDP in the third quarter was estimated at Rwf3,583 billion up from Rwf2,758 of the same period last year.

In this quarter, services contributed 47 percent, Agriculture contributed 24 percent, Industry contributed 21 percent of GDP and 8 percent was attributed to adjustment for taxes and subsidies on products.

Sectors’ performance

Agriculture

In agriculture, the overall growth was 1 percent and contributed 0.3 percentage points to overall GDP growth. Within agriculture, the production of food crops decreased by 1 percent and the production of export crops decreased by 1 percent.

Industry

In industry, the overall production decreased by 1 percent and contributed negative 0.2 percentage points to overall GDP growth. The decrease of industrial activities is mainly due to a drop of 17% in construction activities.

Other activities in industry sector increased as follows: Manufacturing activities increased by 9 percent, Mining and Quarrying activities increased by 5 percent while electricity production increased by 13 percent and the production of water and waste management increased by 3 percent.

According to NISR, the growth in manufacturing activities is due to an increase of 11 percent in food processing, 9 percent increase in production of Beverages, 8 percent increase in production of Wood and paper; printing, 21 percent in production of Chemicals and plastic products and 24 percent in production of Textiles.

Services

The Service sector increased by 17 percent and contributed 7.9 percentage point to overall GDP growth. Within Services sector, Wholesale and retail trade increased by 20 percent while Transport activities increased by 26 percent.

Among other services, Hotel and restaurants increased by 90 percent, Financial services increased by 8 percent, while Telecommunication services increased by 34 percent. Public Administration increased by 21 percent; Health services increased by 13 percent while Education services increased by 26 percent.

The bird view of Kigali Special Economic Zone. Industries contributed 21 percent of GDP.