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Rwanda

Rwanda

Political and Economic Situation

Rwanda is a presidential republic with incumbent President Paul Kagame (Rwandan Patriotic Front) having been in office since the year 2000. In 2010, he secured re-election with 93% of the vote, with the country’s third multiparty presidential elections scheduled to take place in August 2017.

Rwanda has seen substantial and continuous growth in recent years with mean GDP growth of 7.09% from 2010 to 2015, though growth slowed  slightly in 2016 to just over 5%. In 2015, GDP stood at USD 8.096 billion where agriculture was the largest contributor 33%, with manufacturing and construction contributing 14%.

The country is known for its zero-tolerance to corruption supported by a stringent programme of economic reform with the World Bank ranking Rwanda as 56th in its Ease of Doing Business Index, being placed second for sub-Saharan Africa.  Additionally, the country is a member of the East African Community (EAC), which gives it access to the markets of fellow member states Kenya, Tanzania, Uganda and Burundi.

Population wise 28% of Rwanda’s close to 13 million inhabitants reside in urban areas, well below the regional sub-Saharan Africa figure of 53 %, consequently urbanization rates sit at 5.9%. The Government response to this dynamic is to focus both on supporting the planned development of Kigali in addition to promoting six identified secondary cities as regional growth poles.

 

Key figures

Available statistics:
Capital
Kigali
Official languages
English, French & Kinyarwanda
Population (2017)
11,809,295
Median age (2016 est.), years
19.0
Urbanization rate (2010 - 2015), % p.a.
6.43
Urban population (2015), % of total
28.8
Rural population (2015), % of total
71.2
Population density (2015), per km2
470.6
HDI (2014), rank of 188
163 of 188
National Currency
Rwandan Franc, RWF
Exchange rate (February 2017) USD
1 USD = 824 RWF
GDP (2015), USD million current
8.096
GDP growth (2015), %
6.9
GDP annual growth rate forecast (2020), %
6.49
GNI per capita (2015), current int’l USD
1,720
Inflation (2016), %
12
Inflation Rate Forecast (2020), %
5.5
Foreign Direct Investment, net inflows (2015), BOP current USD millions
323
Net official development assistance (2014), current USD million
1.034
Budget deficit (2016), % of GDP
-5.0
Ease of Doing Business (2017), rank of 190
56
TI Corruption Index (2016), rank of 176
50
Installed Generation Capacity (MW, 2016)
189
Installed Fossil Fuel Capacity (MW, 2016), % of total installed capacity
36
Hydro Capacity (MW, 2016), % of total installed capacity
44
Other RE Capacity (2016), % of total installed capacity
4
Electrification rate, total (2014) %
27
Electrification rate, urban (2014) %
72
Electrification rate, rural (2014) %
9
Peak demand (2016), MW
120
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