{"id":53470,"date":"2025-03-19T17:06:39","date_gmt":"2025-03-19T17:06:39","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-s-gdp-grew-by-8-9-percent-reaching-frw18-785-billion-in-2024\/"},"modified":"2025-03-21T09:11:33","modified_gmt":"2025-03-21T09:11:33","slug":"rwanda-s-gdp-grew-by-8-9-percent-reaching-frw18-785-billion-in-2024","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-s-gdp-grew-by-8-9-percent-reaching-frw18-785-billion-in-2024\/","title":{"rendered":"Rwanda\u2019s GDP grew by 8.9 percent, reaching Frw18,785 billion in 2024"},"content":{"rendered":"

This remarkable growth was driven by strong performances across various sectors of the economy, signaling resilience and growth amidst global challenges.<\/p>\n

The figures released by NISR on Wednesday also show that the services sector was the largest contributor to the GDP, accounting for 48% of the total. Agriculture followed with 25%, while industry contributed 21% while net direct taxes accounted for 7%. <\/p>\n

The growth was seen throughout the year, with the first quarter growing by 9.7%, the second by 9.8%, the third by 8.1%, and the final quarter showing a growth of 8%.<\/p>\n

Looking at the individual sectors, agriculture experienced a 5% increase. This was largely attributed to a good harvest in both agricultural seasons, with food crop production rising by 5%. Season A saw an 8% increase, while Season B recorded a 2% increase. <\/p>\n

However, the production of export crops decreased by 1%, with modest increases in coffee and tea offset by declines in other cash crops such as pyrethrum and sugarcane.<\/p>\n

The industry sector experienced a notable boost, growing by 10%. Mining and quarrying activities increased by 12%, construction activities also saw a 12% increase, and manufacturing activities grew by 7%. <\/p>\n

The growth in manufacturing was particularly driven by significant increases in the production of metal products, machinery and equipment (up 20%), non-metallic mineral products (up 15%), and chemicals, rubber, and plastic products (up 15%). Other areas like textiles, clothing, and leather also saw a 10% increase in manufacturing, while food processing grew by 2%.<\/p>\n

The services sector also showed remarkable growth, with a 10% increase overall. Wholesale and retail trade surged by 18%, while transport activities rose by 9%, including an 18% growth in air transport and a 10% increase in land transport. <\/p>\n

Other service areas performed well, with hotels and restaurants seeing an 11% growth, information and communication services up by 25%, and financial services growing by 7%. Public administration services increased by 10%, while health services grew by 15%, and education services saw a 5% rise.<\/p>\n

\"This<\/figure>\n","protected":false},"excerpt":{"rendered":"

The National Institute of Statistics of Rwanda (NISR) has revealed that Rwanda\u2019s GDP grew by an impressive 8.9% in 2024, reaching a total of Frw 18,785 billion, compared to Frw 16,626 billion in 2023. <\/p>\n","protected":false},"author":62,"featured_media":2000083872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[72],"byline":[160],"hashtag":[],"class_list":["post-53470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-featured-news-home","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","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":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","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":3}],"featured_image":{"id":2000083872,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton47242-2.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53470","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\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53470"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000083872"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53470"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53470"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}