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AEC 2012 - Economic Transformation in Africa The Case of Rwanda


Rwanda’s economic growth over the last decade has been remarkable. With a government that is committed to achieving sustainable economic growth coupled with growth in employment opportunities for its people, Rwanda has made impressive progress in rehabilitating and stabilizing its economy to exceed pre‐1994 levels. The overall economy is growing at a significant rate. The average annual growth rated in GDP was 8.8 per cent between 2005 and 2009. Rwanda’s GDP per capita has increased from less than 200US$ in 1994 to 540 US$ in 2010.Although still at an early stage, the GoR has set a set path towards economic transformation which shows signs of economic transformation in Rwanda

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