Rwanda is a resilient, forward-looking country with a vision of becoming a globally competitive knowledge-based economy by 2024.
In the last 27 years, Rwanda has redefined itself as the preferred investment and tourism destination of the world.
Under H.E President Paul Kagame’s leadership, Rwanda has become a reference point for good governance in the region, political stability with well-functioning institutions, observance of the rule of law and zero tolerance for corruption.
Rwanda today prides itself in being among the easiest, safest and cleanest places to do business and travel to in the world.
Rwanda at A glance
- The economy has grown at an annual GDP average rate of 8% for the past decade.
- GDP per capita grew to US$787 in 2018: from US$774 in 2017
- Our GDP per capita target is US$1,382 by 2024.
- Currently, the services sector is the largest contributor to GDP. The sector contributes about 48%, followed by Agriculture at 29% and the Industrial sectors 16% respectively.
- The economy has grown at an annual GDP average rate of 8% for the past decade.
- Inflation has been kept at single digit since 2008.
- Rwanda has consistently been given high ratings by Fitch Ratings. In 2018, Fitch affirmed Rwanda’s B+ ratings reflecting Rwanda’s strong governance and doing business metrics, low public debt/GDP and high growth potential.
- Rwanda has also consistently emerged as the top global reformer in the annual World Bank Doing business reports. The 2019 World Bank Doing Business Report positioned the country to be the second easiest place to do business in Africa and 29th globally.
- Rwanda scored 50.94 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Rwanda averaged 15.72 Points from 2011 until 2018, reaching an all time high in 2018. Rwanda remains among the most competitive African countries thanks to efficient goods and labor markets and a stable political situation that supports robust GDP growth
Key Facts About Rwanda
- Name: Republic of Rwanda Land size: 26,338 sqm Capital City: Kigali
- Time Zone: UTC +2 (Central Africa Time)
- Languages: English, French, Kinyarwanda, Kiswahili
- Currency: Rwandan Franc
- GDP per capita: $787
- GDP growth: Over 8% per annum
- Population:Over 12 Million
- Climate: Temperate all year round (21-27 degrees Celsius).