KIGALI, March 2026– Rwanda's economy grew by a strong 9.4% in 2025, surpassing the projected target of 7.0%. The announcement was made jointly today by the Minister of Finance and Economic Planning and the Deputy Director General of the National Institute of Statistics of Rwanda (NISR).

According to the official GDP report, the value of the economy at current market prices reached Frw 23,387 billion in 2025, a substantial increase from Frw 19,918 billion recorded in 2024.

"We projected seven percent, but the final numbers show we reached 9.4%. This is strong, resilient growth," said Yusuf Murangwa, Minister of Finance and Economic Planning. "It reflects the hard work of Rwandans across every sector and confirms that our economic policies are delivering real results. Under NST2, we expect the economy to grow by 9.3% on average. If we can sustain this figure, we will deliver growth that goes beyond the numbers."

The growth gained momentum as the year progressed. Quarterly figures show a steady climb from 6.5% in the first quarter to 7.8% in the second, before surging to 11.8% in the third and closing the year at 11.2% in the fourth.

SECTORAL PERFORMANCE

Services, the largest contributor to GDP at 52%, grew by 9%. Wholesale and retail trade increased by 15%, while information and communication services also recorded a 15% rise. Financial services grew by 7%, and transport activities increased by 7%, driven by an 11% rise in land transport.

Industry expanded by 11%, accounting for 22% of GDP. Mining and quarrying led the sector with 17% growth, driven by a 33% surge in mining activities. Construction grew by 11%, and manufacturing increased by 10%, supported by a 35% rise in the production of non-metallic minerals such as cement.

Agriculture grew by 7%, representing 20% of GDP. Food crops production increased by 3%, while export crops saw an exceptional 32% jump. Coffee production soared by 60%, and tea production increased by 8%.

"The slowdown in health services is nothing to worry about. Our analysis shows that while significant investments have been made in recent years, the impact is not always immediate. We expect the numbers to rise going forward," said Jean Claude Mwizerwa, Deputy Director General of NISR. "Similarly, the dip in air transport reflects global trends rather than a local issue. Land transport, which grew by 11%, remains the backbone of our domestic movement."