Yusuf Murangwa, the Director General of NISR, emphasized the importance of translating this 9.03% growth into improved livelihoods for Rwandans.

He stated, "Economic growth should translate into better lives of Rwandans. Their growth signifies their hard work and increased profits. When retail businesses thrive, it reflects the overall growth of Rwandans. The 17% growth in wholesale and retail trade is especially commendable."

Agricultural activities witnessed a 1% growth, contributing 0.2 percentage points to the overall GDP growth. Within the agricultural sector, the production of food crops experienced a decrease of 3%, while the production of export crops increased by 25%.

Industrial activities expanded by 9% and contributed 1.7 percentage points to GDP growth.

Construction activities increased by 1%, mining and quarrying by 15%, and manufacturing activities by 16%. The growth in the manufacturing sector was driven by a 22% increase in food processing, a 26% increase in the manufacturing of metal products, machinery, and equipment, a 37% increase in the manufacturing of chemicals, rubber, and plastic products, an 18% increase in the manufacturing of wood and paper printing, and a 7% increase in the manufacturing of non-metallic minerals.

The service sector experienced a robust growth of 13%. Within this sector, wholesale and retail trade increased by 17%, transport activities by 19%, hotel and restaurant industry by 42%, financial services by 12%, telecommunication services by 43%, professional and scientific services declined by 6%, public administration services increased by 7%, and education services by 13%.

However, health services recorded a negative growth of 3% following a high growth of 22% in the same quarter of 2022.

Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning, expressed optimism about the future, stating that the figures suggest a continued reduction in market prices in the coming days.

Yusuf Murangwa, the Director General of NISR, emphasized the importance of translating the 9.02 % growth into improved livelihoods for Rwandans.

Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning, expressed optimism for decreased inflation.