{"id":39531,"date":"2019-06-18T14:25:19","date_gmt":"2019-06-18T14:25:19","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-s-economy-grew-by-8-4-in-the-first-quarter\/"},"modified":"2019-06-21T08:27:05","modified_gmt":"2019-06-21T08:27:05","slug":"rwanda-s-economy-grew-by-8-4-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-s-economy-grew-by-8-4-in-the-first-quarter\/","title":{"rendered":"Rwanda\u2019s economy grew by 8.4% in the first Quarter of 2019"},"content":{"rendered":"<p>In the first quarter services sector grew by 8% and contributed 48% of GDP, agriculture sector grew by 4% and contributed 28% of the GDP, and industry sector grew by 18% contributing 17% of GDP. 7% was attributed to adjustment for taxes and subsidies on products.<\/p>\n<p>Ivan Murenzi, Deputy Director General of NISR said that while the first quarter growth was impressive, it was still early to make a conclusive remark on the whole economy because there are three other quarters to be covered.<\/p>\n<p>\u201cSo far 8.4% is a good start and is a good growth by all standards,\u201d Murenzi said.<\/p>\n<p>The Minister of State in charge of Economic Planning Dr. Claudine Uwera, said that the economy was expected to sustain the positive growth rate.<\/p>\n<p>\u201cIn general, the performance is good and we project a sustained trend,\u201d she said.<\/p>\n<p>According to the quarterly report, the 4% growth of the agriculture sector was a result of medium harvest from season A of 2019. <\/p>\n<p>Export crops decreased by 9% mainly due to the decrease of 7% in the production of tea and a decrease of 19% in production of other cash crops, including flowers, pyrethrum &#038; sugar cane, however production of coffee increased by 2%.<\/p>\n<p>Industry growth was 18% and the main contributor was construction activities which grew by 30%. Mining &#038; quarrying activities increased by 12%, while manufacturing grew by 8%. The growth in the mining sector is due to a 20% increase in quarrying activities. Made in Rwanda program has significantly contributed to the manufacturing sector.<\/p>\n<p> For example, there has been a 15% increase in textiles clothes and leather goods, 38% increase in wood, paper and printing. Furthermore, the production of construction materials such as metallic products grew by 11%, while non-metallic mineral products such as cement increased by 21%.<\/p>\n<p>The service sector grew by 8% and was mainly boosted by: wholesale and retail trade which increased by 7%, Transport which grew by 11% boosted by Air transport which increased by 21%. <\/p>\n<figure class=\"spip-document spip-document-29875 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cq3a8211-77825.jpg\" alt=\"Ivan Murenzi, Deputy Director General of NISR said that while the first quarter growth was impressive, it was still early to make a conclusive remark on the whole economy\" \/><\/figure>\n<figure class=\"spip-document spip-document-29876 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cq3a8144-b7c83.jpg\" alt=\"The Minister of State in charge of Economic Planning Dr. Claudine Uwera, said that the economy was expected to sustain the positive growth rate.\" \/><\/figure>\n<figure class=\"spip-document spip-document-29877 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cq3a8183-edf6b.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-29878 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cq3a8103-e2743.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Rwanda\u2019s economy registered 8.4% growth in the first quarter of 2019 according to figures released by the National Institute of Statistics of Rwanda yesterday.<\/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-39531","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\/39531","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=39531"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/39531\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=39531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=39531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=39531"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=39531"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=39531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}