Rwanda’s economy has expanded significantly over the past five years, with Gross Domestic Product (GDP) increasing by Rwf 3.245 trillion, according to data from the National Institute of Statistics of Rwanda (NISR).
The figures reflect sustained economic growth driven by strong performance across key sectors and continued policy efforts to accelerate development under national transformation strategies.
NISR data shows that in the first quarter of 2026 alone, GDP grew by 10%, reaching Rwf 6.346 trillion, up from Rwf 5.276 trillion recorded in the same period in 2025.
Over the period under review, quarterly GDP has shown steady growth, rising from Rwf 3.101 trillion in Q1 2022 to Rwf 4.031 trillion in 2023, and Rwf 5.541 trillion in 2024. In 2025, GDP stood at Rwf 5.276 trillion before increasing again in 2026.
Prime Minister Dr. Justin Nsengiyumva recently said Rwanda’s economy remains resilient despite global uncertainties, including geopolitical tensions, and is projected to grow by 6.8% in 2026.
He noted that Rwanda’s growth outlook remains stronger than the Sub-Saharan African average of 4.3% and the global average of 3.1%, attributing performance to rising investment and increased domestic production.
A recent NISR report released on June 16, 2026, indicates that the 10% quarterly growth was driven by strong performance across major sectors.
The services sector contributed 52% of GDP, followed by industry at 24% and agriculture at 19%, while taxes on products accounted for 5%.
Sectoral performance showed agriculture growing by 8%, industry by 13%, and services by 7%, reflecting broad-based expansion.
Minister of Finance and Economic Planning Yusuf Murangwa said the economy has maintained strong momentum, noting that the impact of global shocks, including Middle East tensions, remained limited due to prior import planning.
Under the National Strategy for Transformation (NST2), Rwanda aims to sustain annual economic growth above 9.3%, in line with its long-term ambition of becoming a high-income economy by 2050.
The government plans to further boost productivity across key sectors, including increasing agricultural output by 6% annually, industrial production by 10%, and services by 10%, while strengthening the “Made in Rwanda” initiative to drive exports growth of 13% per year.
