Lewes, DE -- (SBWIRE) -- 06/12/2019 -- Despite 39% of the population lives below the poverty line, Rwanda has done a remarkable recovery from the aftermath of the 1994 Rwandan Genocide and seeing steady economic growth. According to recent government data, the economy is projected to grow at 7.8% in 2019 and 8.0% in 2020, supported by export growth resulting from the Made in Rwanda policy and continued public investments.
Rwanda is beautiful small land locked situated in South Africa, with population around 11.301 million (2015), of which 52% are women. The overall rural population is young with a density among the highest in Africa. It is bordered by the Democratic Republic of Congo (DRC) to the west, Tanzania to the east, Uganda to the north, and Burundi to the south.
Rwanda had estimated population of 11.301 million in the year 2015 and expected to reach 13.372 million by 2022, growing at a CAGR of 2.43%.
Rwanda's real gross domestic product (GDP) was around RWF 6304 billion in 2016 whereas the nominal GDP was RWF 6618billion. This resulted in GDP deflator 104.981. Per capita GDP was estimated at USD 729.093 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 22.793.
In 2016, Rwanda government's revenue was RWF 1563.46 billion whereas the expenditure was RWF 1719.70 billion. This resulted in Rwanda government's net lending / borrowing in negative at RWF 156.236 billion in 2016 indicating that there was not enough financial resources were made available by the government to boost economic growth. The debt is also expected to rise from RWF 2490.98 billion to RWF 5736.91 by 2022.
The current account balance for Rwanda was negative declining to be at RWF 1.216 billion for the year 2016 and is expected to continue to decline at a CAGR of 3.01% and reach RWF 1.36 billion by 2022, showing that Rwanda will remain as a borrower from rest of the country and not becoming a lender.
Scope of Rwanda – PESTLE Analysis Report
- This report provides information about key macroeconomic indicators for Rwanda.
- This report provides PESTLE (political, economic, social, technological, environmental and legal) analysis for Rwanda.
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