{{Rwanda’s economy expanded by 9.4% this fiscal year ending in June from 7.4% previously, owed to robust growth across all sectors, the National Institute of Statistics said on Thursday.}}
Rwanda recorded robust economic growth rates in recent years, on the back of increased investments and consumption.
The farming sector grew by 6% during the period and this was due to increased food production, which rose by 7%, the country’s statistics office said.
Industry expanded by 12% on the back of a jump in mineral exports, manufacturing and construction. Electricity, gas and water also increased by 19%.
The government said the services sector expanded by 12%, as well as finance and insurance.
Since 2000, Rwanda’s annual growth rate has averaged 8.2%, reaching an all time high of 13.4% in March of 2007 and a record low of 2.2% in December of 2003.
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