Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Rwanda’s economic growth reached 9.4% in 2019 (NISR)

Wednesday, 25 March 2020 16:18
Rwanda’s economic growth reached 9.4% in 2019 (NISR)

(Ecofin Agency) - Last year, Rwanda recorded economic growth of 9.4% and GDP reached 9,105 billion Rwandan francs (about $9.6 billion). Figures were provided by the country’s National Institute of Statistics (NISR).

NISR says the good performance was driven by agriculture (24%), industry (18%) and services (49%) sectors. Agriculture was supported by growth in food crops (4%), while growth in export crops was 5%, mainly due to growth in coffee and tea (7% and 3% respectively).

The industry sector was boosted by construction and manufacturing, which grew by 33% and 11% respectively. In services, growth was driven by an increase in wholesale and retail trade of locally manufactured and imported goods (16%); transport services (12%); financial services (8%); and hotel and restaurant services (10%).

On the other hand, in the mining sector, exports of cassiterite and wolfram declined by 23.7% and 6.6% respectively, while Coltan exports increased by 42%.

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.