{"id":35903,"date":"2017-09-25T13:11:35","date_gmt":"2017-09-25T13:11:35","guid":{"rendered":"https:\/\/new.igihe.com\/gdp-grew-by-4-in-the-second-quarter-2017\/"},"modified":"2017-09-25T15:00:45","modified_gmt":"2017-09-25T15:00:45","slug":"gdp-grew-by-4-in-the-second-quarter-2017","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/gdp-grew-by-4-in-the-second-quarter-2017\/","title":{"rendered":"GDP grew by 4% in the second quarter 2017"},"content":{"rendered":"<p>Industry and manufacturing grew by 6% boosted by agro-processing and production of chemicals, rubber and plastics.<\/p>\n<p>Wholesale and retail trade decreased by 6% due to overall reduction of imported products on the market.<\/p>\n<p>Finance Minister, Claver Gatete said that they expect Q3 and Q4 to perform well due to the booming construction activities and an encouraging agricultural season B.  <\/p>\n<p>\u201cDrivers of growth will be services, agriculture and changing landscape of industry sector driven by Made-in-Rwanda\u201d he said.<\/p>\n<p>Industry sector demonstrated slow growth of 1% due to 4% decrease in construction works compared to Q2 last year.<\/p>\n<p>According to NISR, 6% growth in Agriculture is attributed to good harvest in season A that grew by 4% and 22% increase in export crop performance. <\/p>\n<p>\u201cIn Q2 GDP at current market prices was estimated at Rwf1,869 billion up from Rwf1,636 billion in Q2 of 2016,\u201d said NISR Director General Yussuf Murangwa.<br \/>\nIn service sector, hotels and restaurants grew by 9% while administrative and support services increased by 21%. <\/p>\n<p>Good harvests of tea (28% growth) and coffee (8%) significantly contributed to the growth of exports. <\/p>\n<figure class=\"spip-document spip-document-21843 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gvrdf-3.jpg\" alt=\"NISR Director General Yussuf Murangwa. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The National Institute of Statistics of Rwanda (NISR) has released information indicating that the 2017 Rwanda\u2019s Gross Domestic Product (GDP) Quarter 2 has grown by 4% with agriculture growing by 6% while the service sector grew by 7%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133],"byline":[170],"hashtag":[],"class_list":["post-35903","post","type-post","status-publish","format-standard","hentry","category-news","tag-main-featured-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/35903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=35903"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/35903\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=35903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=35903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=35903"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=35903"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=35903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}