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Rwanda

Rwanda Economic Outlook

Real GDP growth reached 6.1% in 2017 and was estimated at 7.2% in 2018, supported by strong growth in services (4.1%) and industry (1.5%), particularly manufacturing. The key drivers of spending in 2018 were household consumption (5.8% of GDP) and investment (2.9%). The fiscal deficit was an estimated 4.3% in 2018, down from 4.8% in 2017, thanks to increased investment (from 23.4% of GDP in 2017 to 25.3% in 2018) and reduced grants, despite strong tax collection driven mainly by improved tax compliance and the introduction of an electronic tax payment system. Public sector debt increased to 41.1% of GDP in 2018 from 35.6% in 2016, but risk of debt distress remains low. With inflation low and the exchange rate relatively stable, monetary policy continued to be accommodative in 2018.

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Key Facts

Flag:
Capital: Kigali
Area: 26,000 sq km
Total Population 2017: 12.2 Million...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 9.0 Billion
GNI Per Capita 2015: US$ 700
Inflation Rate: 5.52%
Crude Birth Rate (per 1000): 29.90%
Human Development Index (rank / 188): 159
Human Development Index (scale 0 to 1): 0.498
Membership Date: 19/01/1965
Cumulative Approvals (1967-2016): UA 848.9 Million

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Contacts

East Africa Regional Hub (RDGE)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, Director General

Rwanda Country Office

African Development Bank Group
Boulevard de l’Umuganda
Building Glory House, 3rd & 4th floors;
Kacyiru Road
P.O. Box 7329 
Kigali, Rwanda

Phone: (+250) 252 504250
Fax: (+250) 252 504298

Ms Martha Phiri, Country Manager