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Rwanda services sector grows 7%

Published on March 21, 2016

Rwanda - Rwanda’s economy registered 6.9% growth in 2015 (RwF 5,837 billion up from RwF 5,395 billion in 2014) according to the Gross Domestic Product (GDP) numbers released by the National Institute of Statistics of Rwanda (NISR) last week. 

The 2015 growth is slightly lower than the 7% registered in 2014.

“In agriculture, food crop growth was 4% in 2015 down from 6% during 2014, especially due to vegetables and fruits that dropped by -6.3%. Export crops grew by 13%, mainly boosted by coffee whose output increased by about 11%. However, output for tea dropped by -4%,” Yusuf Murangwa, the Director General of NISR said.

GDP is the monetary value of all goods and services produced within a country in a specific time period. Read more. Source | East African Business Week