Rwanda’s Economy Grows by 9.4% in Second Quarter of 2026

Rwanda’s economy grew by 9.4 per cent in the second quarter of 2026, according to new figures released by the Ministry of Finance and Economic Planning and the National Institute of Statistics of Rwanda (NISR).

The country’s Gross Domestic Product (GDP) at current market prices reached Rwf7,174 billion, compared to Rwf5,799 billion during the same period last year.

The growth was supported by strong performance in key sectors. The industry sector grew by 18 per cent, services increased by 7 per cent, while agriculture grew by 4 per cent.

Yusuf Murangwa, the Minister of Finance and Economic Planning, said Rwanda’s economy remained strong despite the effects of geopolitical tensions in the Middle East.

He said the conflict affected trade and the supply of some goods, but the government took measures to reduce the impact.

“Traders were supported to find alternative sources for goods that had previously come from the affected areas. We believe that the country was not significantly disrupted,” Murangwa said.

The services sector remained the largest contributor to Rwanda’s economy, accounting for 51 per cent of GDP. Industry contributed 23 per cent, agriculture 21 per cent, while indirect taxes accounted for the remaining 5 per cent.

Murangwa explained that the declining share of agriculture in the economy does not mean that agricultural production is decreasing.

“Agriculture continues to grow in value, but other sectors are growing faster,” he said.

Jean Claude Mwizerwa, NISR’s Deputy Director General, said the economic growth was supported by good performance in agriculture, industry and services.

In agriculture, food crop production increased by 5 per cent. However, export crop production decreased by 20 per cent, mainly because coffee production fell by 33 per cent. Tea production, on the other hand, increased by 18 per cent.

The industry sector also recorded strong growth. Mining and quarrying increased by 26 per cent, construction grew by 24 per cent, while manufacturing increased by 10 per cent.

According to Mwizerwa, manufacturing growth was mainly driven by a 51 per cent increase in metal products, machinery and equipment, a 22 per cent increase in products such as cement and bricks, and a 13 per cent increase in textiles, clothing and leather products.

In the services sector, wholesale and retail trade increased by 18 per cent, while transport services grew by 7 per cent.

Information and communication services recorded strong growth of 29 per cent. Hotels and restaurants grew by 5 per cent, while financial services increased by 4 per cent.

The figures show that Rwanda’s economy continued to grow strongly in the second quarter of 2026, with industry playing a major role in driving economic growth.

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