The light Magazine

Rwandan economy grew 6.1% in 2017

Written by: Daniel Tuyizere
Wednesday, March 14th, 2018, 10:41

The National Institute of Statistics of Rwanda (NISR) on Tuesday revealed that the country's gross domestic product (GDP) rose by six per cent in 2017 compared to 5,1 per cent that was projected.


Yusuf Murangwa, the Director General of NISR said that in the 2017, GDP at current market prices was estimated at Rwf7,597 billion up from Rwf6,672 billion in 2016.


He added that the share of agriculture, industry and services was 31, 16 and 46 per cent respectively. The growth of the agriculture sector was due to favourable increase of harvests in seasons B and C.


“Agriculture grew by seven per cent and the growth was boosted by a good harvest of food crops in season B and C of 11 per cent after a low growth of one per cent realised in the same period of 2016,” Murangwa said.


Industry grew by four per cent due to an increase of 51 per cent in mining while the service sector growth was driven by wholesale and retail trade which increased by 19% while the transport activities increased by 16%.




Leave a comment

What Other people say: