Rwanda’s Q2 2017 GDP Growth Up, Manufacturing Boosts

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Manufacturing activities increased by 6 percent boosted by food processing activities which increased by 10 percent

Rwanda’s growth picked up in the second quarter of 2017, helped by improved performance across the economy and especially tourism, the statistics office said on Monday.

The National Institute of Statistics Rwanda (NISR) said in a statement Rwanda’s gross domestic product (GDP) rose by 4 percent in the second quarter of 2017 compared with the first quarter.

The nominal GDP in the second quarter totaled 1,869 billion Rwandan Francs (Frw), up from Frw 1,636 billion in Q2 2016.

The statistics office said activities in the industry sector increased by 1 percent. Manufacturing activities increased by 6 percent boosted by food processing activities which increased by 10 percent and manufacturing of chemicals, rubber and plastic activities which grew by 28 percent. Construction activities decreased by 4 percent.

The report indicates that the services sector increased by 7 percent in Q2 2017. The main contributors are, administrative and support services which grew by 20 percent, professional, scientific and technical services which grew by 21 percent, real estate activities which grew by 7 percent and public administration which grew by 10 percent. Wholesale & retail trade decreased by 6 percent due to overall decrease in imports of traded goods.

NISR said in Q2 of 2017, total final consumption expenditure decreased by 5 percent mainly due to a decrease of 9 percent in Household final expenditure. Overall exports increased by 29 percent while total imports decreased by 11 percent.

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