Rwanda’s economy registered a growth rate of 7.8% in the first quarter of 2025. This positive performance was mainly driven by strong growth in the industrial and service sectors, while the agriculture sector saw modest progress.

According to data released by the National Institute of Statistics Rwanda (NISR), the Gross Domestic Product (GDP) at current market prices was estimated at Frw 5,255 billion, up from Frw 4,486 billion in the same period last year. The services sector contributed the most to GDP, accounting for 46%, followed by agriculture at 24%, and industry at 23%. Net direct taxes made up 7% of the total.

Yusuf Murangwa, Rwanda’s Minister of Finance and Economic Planning, highlighted that while a 7.8% growth rate is encouraging, it still falls short of the 9.3% target outlined in the National Strategy for Transformation (NST2).

“Under normal circumstances, 7.8% GDP growth is very good. However, as an ambitious nation, we aim for higher growth, which requires the timely and effective implementation of NST2,” he said.