Rwanda’s gross domestic product (GDP) expanded 10.9 percent year on year in 2021 up from a decrease of 3.4 percent in 2020, data from the National Institute of Statistics (NIS) showed Monday.
“The figure reflects a sharp bounce back from an initial projection of 5.6 percent,” the Rwandan minister of Finance and Economic Planning, Dr Uzziel Ndagijimana told reporters in Kigali.
In particular, services contributed 48 percent to the GDP, agriculture contributed 24 percent, and the industry sector contributed 20 percent with net direct taxes accounting for 8 percent.
This reflects an increase of 6 percent in agriculture, 13 percent in industry, and 12 percent in services, according to the NISR report.
While food crops in agriculture increased by 7 percent due to good harvest across agriculture seasons, export crops dropped by 1 percent due to a 1 percent drop in coffee production. However, tea production increased by 7 percent, the institute said.
According to the report, growth in industry is attributed to good performance of manufacturing activities which increased by 11 percent boosted by an increase of 6 percent in the production of beverages.
Also increased by 16 percent is textiles, clothing and leather goods, 23 percent in chemicals, rubber and plastic products as well as 4 percent in metal products, machinery and equipment.
Mining and quarrying demonstrated an increase of 27 percent, while construction increased by 15 percent.
CU/abj/APA