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Macro - Country Economic Forecasts - Rwanda

Publisher Oxford Economics
Published Jan 27, 2026
Length 6 Pages
SKU # OFE20872826

Description

We forecast real GDP growth to moderate to 7.2% in 2026, down from an estimated 9.0% in 2025 (previously 7.3%). Rwanda's economy surged in Q3 2025, with growth accelerating sharply to 11.8% y/y from 7.8% y/y in Q2. While the industrial sector led this expansion, regional instability and La Niña-driven dry conditions pose downside risks to the outlook.

Table of Contents

6 Pages
Rwanda: GDP growth accelerates but regional instability poses risks
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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