Real Non-Oil GDP for Rwanda
RWANGDPXORPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.48
Year-over-Year Change
21.49%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Real Non-Oil GDP for Rwanda' measures the economic output of Rwanda, excluding the oil and gas sector. This key indicator provides insight into the overall health and growth of the Rwandan economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the real gross domestic product (GDP) of Rwanda, adjusted for inflation and excluding the oil and gas industry. It is a widely-used metric for evaluating the underlying performance of the Rwandan economy beyond the volatile energy sector.
Methodology
The data is collected and calculated by the National Institute of Statistics of Rwanda.
Historical Context
Policymakers and analysts use this metric to assess Rwanda's economic development and formulate appropriate fiscal and monetary policies.
Key Facts
- Rwanda's real non-oil GDP grew by 6.1% in 2021.
- The service sector accounts for over 50% of Rwanda's non-oil GDP.
- Rwanda aims to become an upper-middle-income country by 2035.
FAQs
Q: What does this economic trend measure?
A: The 'Real Non-Oil GDP for Rwanda' measures the inflation-adjusted economic output of Rwanda, excluding the oil and gas sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the underlying performance of the Rwandan economy, allowing policymakers and analysts to assess the country's economic development beyond the volatile energy sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Institute of Statistics of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Rwanda's economic growth and formulate appropriate fiscal and monetary policies to support the country's development.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Non-Oil GDP for Rwanda (RWANGDPXORPCPPPT), retrieved from FRED.