Rwanda's economy grew by 6.9 percent last year, raking in Rwf 5,837 billion, up from Rwf 5,395 billion in 2014, according to the Growth Domestic Product (GDP) figures released this morning.
Rwanda's economy grew by 6.9 percent last year, raking in Rwf 5,837 billion, up from Rwf 5,395 billion in 2014, according to the Growth Domestic Product (GDP) figures released this morning.
Yusuf Murangwa, head of the National Institute of Statistics of Rwanda announced the results at a press conference at the ministry of Finance and Economic planning,
The services sector contributed 47 percent of GDP while the agriculture sector contributed 33 percent.
In agriculture, export crops growth was 13 percent mainly boosted by coffee whose output increased by about 10 percent
The industry sector contributed 14 percent of GDP. However, mining and quarrying dropped -9 percent mainly because both value and quantity of minerals like; cassiterite, coltan and wolfram dropped.
The 2015 growth is slightly lower than the 7 per cent that was registered in 2014.
GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period