Rwanda’s economy expanded by 9.4% this fiscal year ending in June from 7.4% previously, owed to robust growth across all sectors, the National Institute of Statistics said on Thursday.
Rwanda recorded robust economic growth rates in recent years, on the back of increased investments and consumption.
The farming sector grew by 6% during the period and this was due to increased food production, which rose by 7%, the country’s statistics office said.
Industry expanded by 12% on the back of a jump in mineral exports, manufacturing and construction. Electricity, gas and water also increased by 19%.
The government said the services sector expanded by 12%, as well as finance and insurance.
Since 2000, Rwanda’s annual growth rate has averaged 8.2%, reaching an all time high of 13.4% in March of 2007 and a record low of 2.2% in December of 2003.
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