GDP grows by 10.6% in 2018 first quarter

The growth according to NISR is attributed to 8% growth of agricultural production by 7% for industries and services by 12%.

Speaking at the launch of the GDP figures for the First quarter of 2018, the NISR Director General, Yusuf Murangwa said that GDP at current market prices was estimated at Rwf1,985 billion up from Rwf1,816 billion in the previous year.

Export growth reached 46% due to good productivity of tea and coffee.

Murangwa said that generally, industrial production increased, but on beverages and tobacco was reduced by 2%.

“Industrial growth is attributed to infrastructure activities that grew by 8%, industrial production by 9% and textile production by 24%,” he explained.

Speaking at the event, the Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana said that it is the second consecutive double digit growth.

“We registered 10.5% growth in the fourth quarter of 2017. Going forward we hope to keep the momentum,” he said.

Minister, Dr. Uzziel Ndagijimana (R) and NISR Director General, Yusuf Murangwa at the launch of the GDP yesterday.

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