In-Depth Analysis
Rwanda
Good governance has been key in Rwanda’s recent success, with accountable political institutions and inclusive economic institutions creating an environment conducive to the development of a vibrant private sector. The country boasts a strong GDP growth outlook, and the government is intent on developing Rwanda into a services-based economy over the medium to long term.
The past few months have again shown signs of how Rwanda is benefiting from its institutional strength and effective policy implementation. The small East African nation continues to improve its business environment as reflected in the latest World Bank Doing Business report, while the country’s goal of becoming a services-based economy took a step forward with the launch of Rwanda’s first satellite with the aim of providing internet services to remote schools. The economic growth outlook remains favourable and strong foreign investor interest has supported relatively broad-based economic development. (Source: Rwanda Quarterly Update, published March 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-3.7 |
|
Consumer Price Index (% change y-o-y, avg) |
1.4 |
|
Current Account Balance (as a % of GDP) |
-7.3 |
|
Real GDP (annual % change) |
7.9 |
|
GDP per Capita, US$ |
772 |
|
Import Cover (months) |
3.6 |
|
Population, million |
12.5 |
| Total External Debt (as a % of GDP) |
38.2 |