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Macro - Country Economic Forecasts - Rwanda

Publisher Oxford Economics
Published Apr 30, 2025
Length 6 Pages
SKU # OFE20029123

Description

Real GDP growth is forecast to slow to 6.9% in 2025, down from 8.9% in 2024. We primarily attribute this decline to the possibility of sanctions and funding withdrawals because of the regional tensions in eastern DRC. Additionally, a potential reduction in agricultural output due to predicted below-average rainfall in H1 2025 supports a more moderate growth outlook. While the services sector remains a key growth driver, tourism encounters challenges from regional instability, even as tourist arrivals surged to 1.5 million in 2024.

Table of Contents

6 Pages
Rwanda: Growth moderates amid regional tensions
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic developments
Structure of the economy
Balance of payments
Policy and politics

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