The figures were released on Tuesday during a briefing attended by the Minister of Finance and Economic Planning, who highlighted ongoing structural shifts in the economy and the continued importance of agriculture despite its declining share of GDP.
According to NISR, Gross Domestic Product (GDP) at current market prices was estimated at Rwf 6.3 trillion in Q1 2026, up from Rwf 5.3 trillion recorded in the same period of 2025.
The services sector remained the largest contributor to the economy at 52%, followed by industry at 24%, agriculture at 19%, while net direct taxes accounted for 5%.
Industry overtakes agriculture in GDP share
Officials noted that industry has now surpassed agriculture in its contribution to GDP, reflecting a continued structural transformation of the economy.
Speaking at the briefing, the Minister of Finance and Economic Planning said the shift in sector shares is clearly visible in the data.
“You can see it clearly in the numbers. Agriculture is now at 19% of GDP, not even 20% anymore. Services stand at 52% and industry at 24%. So industry has now surpassed agriculture, and services is almost more than double agriculture,” the minister said.
He added that this does not diminish the importance of agriculture in the economy.
“Evidently, the output we see in GDP is increasingly moving away from agriculture. But that should not be misunderstood, it does not mean agriculture is not important. Agriculture remains extremely important for two main reasons: food security, because without food no other sector can function, and as a key input into food processing, manufacturing, and restaurants,” he said.
He further noted that although agriculture’s share has declined, its absolute value continues to rise.
Sectoral performance detailed
All major sectors recorded positive growth in Q1 2026. Industry grew by 13%, services expanded by 7%, and agriculture increased by 8%.
Within agriculture, food crop production rose by 3%, while export crops increased by 39%, supported by an 86% surge in coffee production. Tea production, however, declined by 3%.
The industrial sector was boosted by mining, manufacturing, and construction. Mining and quarrying increased by 20%, supported by a 50% rise in mining production. Export minerals showed strong performance, with cassiterite exports increasing by 31%, coltan exports surging by 125%, while wolfram exports remained unchanged compared to Q1 2025.
Manufacturing activities grew by 15%, driven by strong increases in metal products, machinery and equipment (52%), non-metallic mineral products such as cement and bricks (57%), chemicals, rubber and plastic products (21%), and wood, paper, and printing products (22%). Construction activities also expanded by 11%.
Services sector shows mixed performance
The services sector grew by 7%, supported by wholesale and retail trade, which increased by 11%, and transport services, which also rose by 11%. Within transport, air transport grew by 7% and land transport by 10%.
Information and communication services increased by 22%, financial services grew by 11%, and administration and support services expanded by 20%. Education services recorded a modest growth of 3%.
However, some sub-sectors declined, including hotel and restaurant services, which fell by 16%, public administration, which decreased by 1%, and health services, which dropped by 18%.
Drivers of agricultural growth
Agriculture’s 8% growth was attributed to a combination of favourable weather, improved farming practices, expanded irrigation, and sustained government support for fertilizer access.
The minister emphasized that multiple factors contributed to the sector’s performance.
“The strong growth in agriculture is the result of many factors, not just fertilizer. The government has been very consistent in supporting fertilizer availability. However, this growth also comes from good weather and climate conditions during the season, improved agricultural practices, and increased irrigation. It is a combination of government efforts, farmers’ efforts, and favourable weather,” he said.
Global outlook and fuel prices
On global economic conditions, including developments around the Strait of Hormuz, which has been affected in recent months by tensions involving Iran, the United States, and Israel, the minister cautioned that stability remains uncertain.
“We have seen initial agreements regarding the situation in the Middle East, which is positive. However, our principle is to wait and see. We want the agreements to hold and to be sustained over a long period,” he stated.
He added that global supply chain disruptions continue to affect energy markets.
“Even if everything is resolved today, there is a backlog of issues in global supply chains. We will continue to feel the effects of the previous disruptions until the global business and supply chain community clears the backlog stuck in the Gulf,” he added.





























