Rwanda has been ranked among the world’s top 10 fastest-growing economies in 2025, reflecting sustained strong performance supported by broad-based economic activity and improved macroeconomic stability.
The assessment was published in a new report by the International Monetary Fund (IMF) and presented in Kigali during the launch of its Sub-Saharan Africa regional economic outlook. The event brought together officials from the Ministry of Finance and Economic Planning, the National Bank of Rwanda, and IMF experts.
The report indicates that Sub-Saharan Africa’s economy grew by 4.5% in 2025, while Rwanda significantly outperformed the regional average with a growth rate of 9.4%. The IMF attributes the strong performance to easing inflation pressures and improved public financial management.
Minister of Finance and Economic Planning Yusuf Murangwa said the results are encouraging but emphasized that more effort is required to achieve deeper economic transformation.
“The momentum is encouraging, but it is not yet sufficient for the transformation we aim to achieve,” he said, noting the need to accelerate structural reforms.
Murangwa also called for African economies to reduce dependence on external aid and commodity exports, urging a shift toward private sector-led growth as a foundation for long-term resilience and job creation.
He highlighted ongoing reforms in Rwanda aimed at improving the business environment, expanding digital services, and strengthening governance systems to attract investment and sustain growth.
Rwanda’s economic expansion continues to be driven by key sectors including agriculture, services—particularly tourism—industry, and information technology.
Data from the National Institute of Statistics of Rwanda shows that GDP growth reached 11.8% in the third quarter of 2025, up from 7.8% in the second quarter and 6.5% in the first quarter, signaling continued strong economic momentum throughout the year.
