Rwanda’s Gross Domestic Product (GDP) expanded by 7 per cent in 2014, up from 4.6 per cent in 2013, the National Institute of Statistics of Rwanda (NISR) has announced.

GDP is the monetary value of all the finished goods and services produced within a country's borders; it is usually calculated on an annual basis.

NISR says Rwanda’s GDP increased to Rwf5, 389 billion in 2014, up from Rwf4,864 billion in 2013.

The services sector contributed 47 per cent to the figure, agricultural produce accounted for 33 per cent and the industrial sector contributing 14 per cent. Five per cent was attributed to tax adjustments minus subsidies on products.

The NISR will officially unveil these statistics today at 5pm in at a joint press conference with Ministry of Finance and Economic Planning in Kigali.