In December 2020, the Index of Industrial Production (IIP) shows that, industrial output (formal sector) increased by 2.3 percent compared to December 2019, against a decrease of 5.7 percent on annual average basis.
Among other areas, Mining and quarrying decreased by 72.9 percent; Manufacturing increased by 12.0 percent; Electricity increased by 8.2 percent while Water and waste management increased by 17.8 percent.
The increase in manufacturing is mainly due to an increase of 74.1 percent increase in manufacturing of non-metallic mineral products and 51.6 percent increase in manufacturing of metal products, machinery and equipment.
Published on monthly basis, IIP series has been developed by the National Institute of Statistics of Rwanda to provide more timely estimates of the broad trends of industrial output.
NISR reports that industrial output decreased by 5.7% in 2020 compared to 2019.
Industries are among sectors affected by measures implemented to contain the spread of Covid-19 pandemic due to activities that were put on a standstill.
As enshrined Rwanda’s National Strategy for Transformation (NST1), industries are expected to contribute 34% of GDP by 2024.
The sector has previously grown at a remarkable pace where it contributed 18% of GPD following agriculture sector with 24% and service sector with 49%.
Since 2015, the manufacturing sector has been hugely contributing to national economy.
Rwanda has over 800 small and medium factories as per 2020 figures.