{"id":10534,"date":"2022-02-06T11:44:07","date_gmt":"2022-02-06T11:44:07","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021"},"modified":"2022-02-06T16:07:28","modified_gmt":"2022-02-06T16:07:28","slug":"rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021","title":{"rendered":"Rwanda\u2019s GDP Increased by 11.1% in First 9 Months of 2021"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>The World Bank has noted that Rwanda\u2019s Gross domestic product (GDP) increased by 11.1% in the first nine months of the year 2021 reflecting a broad-based recovery from the 2020 recession.<\/p>\n

Details indicate that Rwanda achieved a strong economic recovery in 2021, according to the 18th edition of the Rwanda Economic Update (REU18) released Wednesday.<\/p>\n

Industrial production expanded by 16.5% and agricultural output rose to 6.8% in the same year, while traditional exports (coffee, tea, cassiterite, wolfram, and coltan) increased by about 35% in the first nine months of 2021.<\/p>\n

However, the report observes that the level of unemployment continued to deteriorate despite the recovery, as the growth acceleration partly reflected a shift in employment to higher-productivity activities (manufacturing and construction).<\/p>\n

While the GDP got close to the pre-pandemic level, the unemployment rate remained more than 13 percentage points above levels at the beginning of 2020, with female employment deteriorating.<\/p>\n

\u201cWhile the current recovery shows that Rwanda\u2019s robust fiscal and medical responses to the crisis have had a notable impact on the economy, the government will need to continue its efforts to promote a more broad-based recovery that extends benefits to rural areas and protects the well-being of the most vulnerable members of society, including women,\u201d said Rolande Pryce, World Bank Country Manager.<\/p>\n

In its special focus on Boosting Regional Trade Integration in the Post-COVID Era, the report underscores the importance of sustained growth in trade as a key driver for Rwanda to achieve its goal of becoming an upper-middle-income country by 2035.<\/p>\n

\u201cDespite important progress, Rwanda has yet to fully achieve its trade potential with regional partners, notably, due to a relatively narrow export product base, discriminatory non-tariff barriers within the region, and persistent regional trade infrastructure gaps,\u201d said Calvin Djiofack, World Bank\u2019s Senior Economist for Rwanda.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. The World Bank has noted that Rwanda\u2019s Gross domestic product (GDP) increased by 11.1% in the first nine months of the year 2021 reflecting a broad-based recovery from the 2020 recession. Details indicate that Rwanda achieved a strong economic recovery in 2021, according to the 18th edition of the Rwanda Economic Update […]<\/p>\n","protected":false},"author":84,"featured_media":10533,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,761,28],"tags":[760,763,758],"class_list":["post-10534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nRwanda\u2019s GDP Increased by 11.1% in First 9 Months of 2021 - Rwanda<\/title>\n<meta name=\"description\" content=\"The World Bank has noted that Rwanda\u2019s Gross domestic product (GDP) increased by 11.1% in the first nine months of the y ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda\u2019s GDP Increased by 11.1% in First 9 Months of 2021\" \/>\n<meta property=\"og:description\" content=\"The World Bank has noted that Rwanda\u2019s Gross domestic product (GDP) increased by 11.1% in the first nine months of the y ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-06T11:44:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-06T16:07:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-61fff1e1d3336.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"344\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda\u2019s GDP Increased by 11.1% in First 9 Months of 2021\",\"datePublished\":\"2022-02-06T11:44:07+00:00\",\"dateModified\":\"2022-02-06T16:07:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-61fff1e1d3336.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"files\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-gdp-increased-by-11-1-in-first-9-months-of-2021\",\"name\":\"Rwanda\u2019s GDP Increased by 11.1% in First 9 Months of 2021 - 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