Rwanda

Rwanda Economic Outlook

After contracting by 3.4% in 2020 due to COVID-19, GDP growth reached 10% in 2021, buoyed by sustained fiscal stimulus, accelerated vaccination rollout (7.9 million people or 61% of the population vaccinated by March 20, 2022), relative easing of COVID-19 restrictions, and recovery in global demand. Growth was driven by expansion in services (12%), industry (13%), and agriculture (6%). GDP per capita recovered from a 5.9% contraction in 2020 to post 7.4% growth in 2021. Inflation declined from 7.7% to 0.8% over the period, owing mainly to low food prices.

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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News

Alex Musyoka, VIEBEG Co-founder and Chief Commercial Officer (centre), explaining to a customer the importance of being a data-driven healthcare provider.	06-Oct-2022	How Rwanda is using Artificial Intelligence to improve healthcare
	19-Jul-2022	In Rwanda, former swamps become a source of wealth and education
Aissa Toure, AfDB Country Manager for Rwanda (in white) with other participants during the RASME launch.	15-Jul-2022	Rwanda joins African Development Bank-supported remote data collection initiative
Juvenal Ndayisenga gained vital equipment for his fruit and honey processing business at an incubation center in Kigali. The center is part of Rwanda's efforts to grow the economy. The government recently launched a project to boost industrial capacity. Photo taken 2 May 2014.	30-Jun-2022	Rwanda, African Development Bank launch industrial policy project, targeting 200,000 jobs per year
Female technician repairing a mobile phone in Tanzania; Africa is seen as having strong incentive to play a lead role in driving a circular economy model	22-Jun-2022	Rwanda to host 2022 World Circular Economy Forum in December, a first for Africa
	11-May-2022	Is Africa ready for green growth? New report assesses Gabon, Kenya, Morocco, Mozambique, Rwanda, Senegal and Tunisia