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 in which a thriving private sector can develop. The country boasts a strong GDP growth outlook, with a large and growing services sector.
The ongoing recovery in Rwanda’s agricultural sector continues to stimulate GDP growth, with positive spill-overs in services and manufacturing sub-sectors. Capital spending by government is expected to increase in coming years, driven by the National Strategy for Transformation, and our fiscal forecasts have been adjusted wider accordingly. Our medium-term growth forecasts have also been adjusted slightly higher to incorporate stronger public investment, while the services sector continues to show strong growth momentum. (Source: Rwanda Quarterly Update, published September 2018.)
Macroeconomic Data
(2017)
|
Fiscal Balance (as a % of GDP) |
-2.5 |
|
Consumer Price Index (% change y-o-y, avg) |
8.3 |
|
Current Account Balance (as a % of GDP) |
-6.8 |
|
Real GDP (annual % change) |
6.1 |
|
GDP per Capita, US$ |
748.1 |
|
Import Cover (months) |
4.6 |
|
Population, million |
12.2 |
| Total External Debt (as a % of GDP) |
33.8 |