Rwanda: Industry surges by 18%, GDP grows by 9.4%

At current prices, GDP reached 7,174 billion Rwandan francs, up from 5,799 billion a year earlier. The services sector accounted for 51% of economic activity, followed by industry at 23% and agriculture at 21%.

The industrial sector recorded the highest growth, with an 18% increase contributing 3.9 percentage points to GDP growth. Mining and quarrying rose by 26%, construction by 24%, and manufacturing activities by 10%.

In manufacturing, the production of metal products, machinery, and equipment grew by 51%. Non-metallic mineral products increased by 22%, while textiles and leather saw a 13% rise.

The services sector grew by 7%, contributing 3.7 percentage points to overall growth. Wholesale and retail trade increased by 18%, and information and communication services surged by 29%. Agriculture advanced by 4%, despite a 20% decline in export crops.

On the demand side, final household consumption rose by 13%. Exports of goods and services increased by 19%, imports by 36%, and gross capital formation by 32% in the second quarter.