Prime Minister Dr. Justin Nsengiyumva said that despite Rwanda facing global economic disruptions and the impact of COVID-19, the country’s economy demonstrated resilience, with Gross Domestic Product (GDP) growing by an average of 7% between 2017 and 2025.
Nsengiyumva made the remarks while briefing both chambers of Parliament on government activities aimed at developing the country’s financial sector.
The figures cover the period between 2017 and 2025, during which Rwanda’s economy faced disruptions in the international economy and the effects of the COVID-19 pandemic.
The Prime Minister’s Office said his presentation highlighted the resilience of Rwanda’s financial sector and government efforts to expand access to reliable and affordable financial services.
Official figures from the National Institute of Statistics of Rwanda showed that the economy grew by 9.4 per cent in 2025, exceeding the government’s initial projection of seven per cent.
Rwanda’s GDP at current market prices reached Rwf23.4 trillion, up from Rwf19.9 trillion in 2024. Services accounted for 52 per cent of GDP, industry contributed 22 per cent and agriculture represented 20 per cent.
The financial sector continued expanding during the first half of 2026. Its total assets rose by 22.7 per cent to Rwf17 trillion, according to the National Bank of Rwanda.
Outstanding loans issued by credit institutions increased by 22.6 per cent to Rwf6.9 trillion, reflecting increased financing for households and businesses.
Nsengiyumva also acknowledged that some sectors continued to record low productivity. He said changing weather conditions and a livestock disease outbreak had recently affected milk production.
The Prime Minister said the disease had been brought under control and livestock markets had reopened. Meat prices had started declining, while improved rainfall was expected to support the recovery of milk production.
The latest official figures showed that Rwanda’s economy grew by 10 per cent in the first quarter of 2026, driven mainly by stronger activity in industry and services.
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