Rwanda’s Economy Grew by 3.9% in 2013

Agriculture contributed to the 3.9 percent economy growth last year

Agriculture contributed to the 3.9 percent economy growth last year

Rwanda’s economy grew up by an increase of 3.9 percent in 2013, the National Institute of Statistics of Rwanda (NISR) has announced.

According to the NISR report published yesterday, the country’s  market value of all officially recognized final goods and services produced last year (GDP) was estimated to have increased by 3.9 percent between the third quarter of 2012 and the third quarter of 2013.

The report says that the main components of last year’s GDP are Agriculture; Industry and Service.

The new report revealed that Agriculture sector grew by 1 percent which contributed 0.4 percentage points to the overall GDP growth, while activities in the industry sector grew up by 8 percent and contributed 1.2 percentage points to the GDP growth.

The report adds that in the service sector, an increase of 5 percent was registered, contributing to 2.2 percentage points to the GDP growth.

In the same period, the total consumption expenditure by government was 15 percent of the GDP against 81 percent by the private sector.

The NISR report says that in the third quarter of 2013, GDP at current prices was estimated to be Rwf 1,244 billion, up from Rwf 1,143 billion in the third quarter of 2012.

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Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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