As per figures released by the National Institute of Statistics (NISR), the service sector remained the main contributor with 48% of GDP followed by agriculture with 23% and industry with 21% of DGP while the remaining 7% is attributed to net tax on products.
Rwanda and the rest of the world continued to experience COVID-19 effects in 2021.
According to NISR, the economy was affected by several measures taken to limit spread of the pandemic, leading to negative GDP growth, in the second, third and fourth quarters in 2020. However, economic recovery measures were put in place leading the GDP to grow by 3.5% and 20.6% in Q1 and Q3 in 2021 respectively.
In the third quarter of 2021, the GDP grew by 10.1 percent compared to the same quarter in 2020.
NISR shows that most economic activities have recovered to pre-Covid-19 levels except few such as hotels and restaurants, transport activities, administrative and support services.
On the third quarter, the agriculture sector grew by 6%, industry by 12% while services grew by 11%.
In agriculture, food crops grew by 6% due to a good harvest of agricultural season B and C of 2021. The production of export crops increased by 2% due to an increase of 4.7% in the production of coffee and 9.1% in the production of tea.
In industry, construction activities increased by 15%, manufacturing activities grew by 7% due to a 6% in the increase in the production of processed foods and 32% increase in manufacturing of non-metallic products. Mining and quarrying increased by 30%.
In service sector, transport grew by 19%, hotels and restaurants grew by 62% following a decrease of 55% in the third quarter of 2020. Education activities grew by 140% compared to the same quarter of 2020 where schools were partially closed.
Financial services activities grew by 11%, information and telecommunication services grew by 14% while human health and social work activities increased by 5%.
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