Gross Domestic Product and its structure, 2014

1. Gross Domestic Product and its structure . These estimates are based on the new 2011 benchmark and using new ISIC Rev4 classification.
2. In the first quarter of 2014, GDP at current market prices was estimated to be Rwf 1,302 billion, up from Rwf 1,156 billion in the same quarter of 2013. The Services sector contributed 48 percent of GDP while the agriculture sector contributed 32 percent of the GDP.

The industry sector contributed 15 percent of the GDP, and 5 percent was attributed to adjustment for taxes and subsidies on products.

II. Growth rate by kind of activity1 In 2014 Q1, estimates calculated in 2011 prices shows that GDP was 7.4 percent higher in real terms compared to the same quarter of 2013.

In this quarter, “Agriculture sector” grew by 5 percent and contributed 1.7 percentage points to the overall GDP growth. Activities in the “industry sector” grew by 9 percent and contributed 1.4 percentage points to the GDP growth. “Service sector” increased by 8 percent and contributed 4 percentage points to the GDP growth.

III. GDP Deflator Based on 2011=100, the implied GDP deflator (an indicator of inflation) increased by 4.8 percent from 111 in 2013 Q1 to 116 in 2014 Q1.

Source: NISR 

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