GDP%20Q1%202026%20with%20tables.pdf

12 Table 4. Expenditure on GDP In current prices ( in billion Frw) 2024 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 In current prices
Gross Domestic Product 19,918 3,101 3,549 3,304 4,210 4,031 4,255 3,875 5,016 4,514 4,965 4,659 5,780 5,276 5,799 5,525 6,788 6,346 Total final consumption expenditure 16,357 2,623 3,027 2,880 3,625 3,612 3,952 3,262 4,452 3,772 4,166 3,697 4,723 4,203 4,921 4,191 5,569 5,451 Government 3,333 585 552 713 596 666 837 691 640 715 881 772 966 837 912 864 909 872 Households and NGOs 13,024 2,038 2,475 2,167 3,030 2,947 3,114 2,571 3,813 3,057 3,285 2,925 3,756 3,366 4,009 3,328 4,659 4,579 Gross capital formation 6,518 983 1,178 1,161 1,145 1,175 1,143 1,521 1,409 1,509 1,590 1,715 1,703 1,912 1,661 2,008 2,095 1,787 Gross fixed capital formation 6,556 1,052 1,059 1,099 1,223 1,411 1,259 1,522 1,636 1,736 1,610 1,568 1,643 1,901 1,822 1,839 1,999 2,075 Construction 4,443 783 737 739 850 1,013 760 1,003 1,161 1,198 1,067 1,045 1,134 1,273 1,214 1,240 1,353 1,461 Other 2,113 269 322 360 373 397 499 519 475 538 543 523 509 628 609 599 646 614 Change in inventories -39 -69 119 63 -78 -236 -116 -1 -227 -228 -19 148 60 11 -161 169 96 -289 Resource balance -2,957 -505 -656 -738 -561 -756 -839 -907 -845 -767 -791 -752 -646 -840 -783 -674 -876 -891 Exports of goods & services 5,661 642 763 851 832 896 1,003 1,089 1,084 1,103 1,276 1,646 1,635 1,231 1,118 1,409 1,283 1,296 Goods (fob) 4,238 479 535 585 578 650 761 712 742 821 963 1,188 1,265 917 752 890 871 875 Services 1,423 164 228 265 253 245 241 377 342 282 313 458 370 314 365 519 412 421 Imports of goods & services 8,618 1,147 1,419 1,588 1,392 1,652 1,842 1,996 1,929 1,870 2,068 2,399 2,282 2,071 1,900 2,083 2,159 2,186 Goods (fob) 7,315 941 1,206 1,381 1,113 1,413 1,585 1,715 1,622 1,594 1,759 2,030 1,932 1,749 1,514 1,695 1,767 1,655 Services 1,303 206 213 207 279 239 258 281 307 276 308 368 350 322 386 388 392 532 In constant prices
2024 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Gross Domestic Product 19,918 4,074 4,541 3,852 4,644 4,386 4,659 4,261 5,270 4,741 5,137 4,550 5,489 5,051 5,540 5,089 6,106 5,559 Total final consumption expenditure 16,357 3,397 3,757 3,269 3,967 3,863 4,147 3,430 4,520 3,910 4,206 3,657 4,584 4,005 4,592 3,748 4,930 4,626 Government 3,333 754 692 820 644 697 883 706 648 730 890 765 949 804 885 784 809 757 Households and NGOs 13,024 2,642 3,065 2,448 3,323 3,166 3,264 2,724 3,873 3,181 3,316 2,892 3,635 3,201 3,707 2,964 4,122 3,868 Gross capital formation 6,518 1,236 1,497 1,405 1,259 1,379 1,394 1,793 1,627 1,619 1,700 1,646 1,553 1,828 1,651 2,020 2,081 1,957 Gross fixed capital formation 6,556 1,288 1,393 1,265 1,355 1,354 1,471 1,596 1,709 1,785 1,662 1,510 1,601 1,858 1,753 1,763 1,919 1,979 Construction 4,443 976 1,024 856 937 918 939 1,049 1,205 1,231 1,111 990 1,110 1,256 1,177 1,198 1,316 1,397 Other 2,113 312 369 409 418 436 532 547 504 553 550 519 490 602 576 565 602 582 Change in inventories -39 -52 103 140 -95 25 -78 197 -82 -166 38 136 -47 -29 -102 257 162 -22 Resource balance -2,957 -559 -713 -822 -583 -856 -882 -962 -878 -788 -769 -752 -648 -782 -703 -679 -905 -1,023 Exports of goods & services 5,661 816 958 1,066 995 1,039 1,191 1,214 1,173 1,198 1,322 1,622 1,519 1,185 1,130 1,316 1,151 1,088 Goods (fob) 4,238 607 685 760 716 778 939 829 827 907 1,007 1,165 1,159 885 791 839 782 721 Services 1,423 209 273 306 279 261 251 386 345 291 314 458 361 300 339 476 369 367 Imports of goods & services 8,618 1,376 1,670 1,888 1,577 1,895 2,072 2,176 2,051 1,985 2,091 2,374 2,167 1,966 1,833 1,995 2,056 2,112 Goods (fob) 7,315 1,123 1,413 1,637 1,251 1,614 1,777 1,864 1,717 1,692 1,779 2,009 1,834 1,655 1,453 1,613 1,673 1,584 Services 1,303 253 258 251 326 281 296 312 334 293 311 365 333 311 380 382 383 528

13 Deflators 2024 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Gross Domestic Product 100 76 78 86 91 92 91 91 95 95 97 102 105 104 105 109 111 114 Total final consumption expenditure 100 77 81 88 91 94 95 95 98 96 99 101 103 105 107 112 113 118 Government 100 78 80 87 92 95 95 98 99 98 99 101 102 104 103 110 112 115 Households and NGOs 100 77 81 89 91 93 95 94 98 96 99 101 103 105 108 112 113 118 Gross capital formation 100 79 79 83 91 85 82 85 87 93 94 104 110 105 101 99 101 91 Gross fixed capital formation 100 82 76 87 90 104 86 95 96 97 97 104 103 102 104 104 104 105 Construction 100 80 72 86 91 110 81 96 96 97 96 105 102 101 103 104 103 105 Other 100 86 87 88 89 91 94 95 94 97 99 101 104 104 106 106 107 106 Change in inventories Resource balance 100 90 92 90 96 88 95 94 96 97 103 100 100 107 111 99 97 87 Exports of goods & services 100 79 80 80 84 86 84 90 92 92 97 101 108 104 99 107 112 119 Goods (fob) 100 79 78 77 81 84 81 86 90 91 96 102 109 104 95 106 111 121 Services 100 78 83 87 91 94 96 98 99 97 100 100 103 105 108 109 112 115 Imports of goods & services 100 83 85 84 88 87 89 92 94 94 99 101 105 105 104 104 105 104 Goods (fob) 100 84 85 84 89 88 89 92 94 94 99 101 105 106 104 105 106 104 Services 100 82 83 82 86 85 87 90 92 94 99 101 105 103 102 102 102 101

14 Table 4A. Expenditure on GDP In current prices ( in billion Frw) 2024 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Percentage of GDP, in current prices
Gross Domestic Product 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total final consumption expenditure 85% 85% 87% 86% 90% 93% 84% 89% 84% 84% 79% 82% 80% 85% 76% 82% 86% Government 19% 16% 22% 14% 17% 20% 18% 13% 16% 18% 17% 17% 16% 16% 16% 13% 14% Households and NGOs 66% 70% 66% 72% 73% 73% 66% 76% 68% 66% 63% 65% 64% 69% 60% 69% 72% Gross capital formation 32% 33% 35% 27% 29% 27% 39% 28% 33% 32% 37% 29% 36% 29% 36% 31% 28% Gross fixed capital formation 34% 30% 33% 29% 35% 30% 39% 33% 38% 32% 34% 28% 36% 31% 33% 29% 33% Construction 25% 21% 22% 20% 25% 18% 26% 23% 27% 21% 22% 20% 24% 21% 22% 20% 23% Other 9% 9% 11% 9% 10% 12% 13% 9% 12% 11% 11% 9% 12% 10% 11% 10% 10% Change in inventories Resource balance -16% -18% -22% -13% -19% -20% -23% -17% -17% -16% -16% -11% -16% -14% -12% -13% -14% Exports of goods & services 21% 21% 26% 20% 22% 24% 28% 22% 24% 26% 35% 28% 23% 19% 26% 19% 20% Goods (fob) 15% 15% 18% 14% 16% 18% 18% 15% 18% 19% 25% 22% 17% 13% 16% 13% 14% Services 5% 6% 8% 6% 6% 6% 10% 7% 6% 6% 10% 6% 6% 6% 9% 6% 7% Imports of goods & services 37% 40% 48% 33% 41% 43% 52% 38% 41% 42% 51% 39% 39% 33% 38% 32% 34% Goods (fob) 30% 34% 42% 26% 35% 37% 44% 32% 35% 35% 44% 33% 33% 26% 31% 26% 26% Services 7% 6% 6% 7% 6% 6% 7% 6% 6% 6% 8% 6% 6% 7% 7% 6% 8% Growth rates, in constant prices
Gross Domestic Product 9.9% 11.6% 11.5% 6.8% 7.7% 2.6% 10.6% 13.5% 8.1% 10.3% 6.8% 4.2% 6.5% 7.8% 11.8% 11.2% 10.0% Total final consumption expenditure 0% -2% 2% 0% 14% 10% 5% 14% 1% 1% 7% 1% 2% 9% 2% 8% 16% Government 23% 2% 16% -1% -8% 28% -14% 1% 5% 1% 8% 46% 10% -1% 2% -15% -6% Households and NGOs -5% -3% -1% 0% 20% 6% 11% 17% 0% 2% 6% -6% 1% 12% 2% 13% 21% Gross capital formation 7% 34% 28% 5% 12% -7% 28% 29% 17% 22% -8% -5% 13% -3% 23% 34% 7% Gross fixed capital formation 7% 51% 24% 19% 5% 6% 26% 26% 32% 13% -5% -6% 4% 5% 17% 20% 7% Construction 26% 80% 22% 21% -6% -8% 23% 29% 34% 18% -6% -8% 2% 6% 21% 19% 11% Other -27% 4% 27% 15% 40% 44% 34% 21% 27% 3% -5% -3% 9% 5% 9% 23% -3% Resource balance Exports of goods & services 81% 73% 62% 31% 27% 24% 14% 18% 15% 11% 34% 30% -1% -15% -19% -24% -8% Goods (fob) 120% 80% 64% 33% 28% 37% 9% 16% 17% 7% 41% 40% -2% -21% -28% -32% -19% Services 19% 57% 59% 25% 25% -8% 26% 24% 11% 25% 19% 4% 3% 8% 4% 2% 23% Imports of goods & services 5% 17% 26% 0% 38% 24% 15% 30% 5% 1% 9% 6% -1% -12% -16% -5% 7% Goods (fob) 0% 16% 35% -6% 44% 26% 14% 37% 5% 0% 8% 7% -2% -18% -20% -9% -4% Services 42% 23% -10% 38% 11% 15% 24% 2% 4% 5% 17% 0% 6% 22% 5% 15% 70%