Rwanda’s Gross Domestic Product (GDP) grew by 8.4 percent in the first quarter of 2019 buoyed mainly by the performance of service, agriculture, and industry sectors, the National Institute of Statistics of Rwanda (NISR) announced on Monday.
Briefing journalists in Kigali, Yvan Murenzi, the deputy director general of NISR said in the first quarter of 2019, service sector contributed 48 percent of GDP, agriculture 28 percent, while industry 17 percent.
The industry sector grew by 18 percent mainly attributed to growth of 30 percent and 8 percent in construction and manufacturing activities, respectively.
In the first quarter of 2019, GDP at current prices was estimated to be Rwf2,144 billion , up from Rwf1,987 in first quarter of 2018, said Murenzi.
Estimates calculated in 2014 prices show that GDP growth was 8.4 percent which is higher in real terms compared to the first quarter of 2018, he said.
The service sector grew by 8 percent mainly boosted by wholesale and retail trade which increased by 7 percent, transport which grew by 11 percent boosted by air transport which increased by 21 percent, according to NISR.
In the first quarter agriculture sector grew by 4 percent.
The growth in agriculture was attributed to food crops which grew by 4 percent and livestock which grew by 14 percent, while export crops production decreased by 9 percent.
The growth of food crops was attributed to harvest of season A of 2019 while the decrease in export crops was due to a decrease of 7 percent in production of tea and a decrease of 19 percent in production of other cash crops, including flowers, pyrethrum and sugar cane.
However coffee increased by 2 percent.
According to NISR mining and quarrying activities increased by 12 percent boosted by quarrying activities which increased by 20 percent.
Several activities were responsible for the growth in service sector, said Murenzi, highlighting wholesale and retail trade which increased by 7 percent due to an increase in tradable manufactured products, and transport activities which increased by 11 percent boosted by air transport that increased by 21 percent.
Other factors which facilitated growth of service sector included financial services which increased by 14 percent and professional scientific and technical activities which increased by 25 percent.