Economy of Rwanda

Mother Earth Travel > Country Index > Rwanda > Map Economy History

Economy - overview: anda is a rural country with about 90% of the population engaged in (mainly subsistence) agriculture. It is the most densely populated country in Africa; is landlocked; and has few natural resources and minimal industry. Primary exports are coffee and tea. The 1994 genocide decimated Rwanda's fragile economic base, severely impoverished the population, particularly women, and eroded the country's ability to attract private and external investment. However, Rwanda has made significant progress in stabilizing and rehabilitating its economy. GDP has rebounded, and inflation has been curbed. In June 1998, Rwanda signed an Enhanced Structural Adjustment Facility (ESAF) with the IMF. Rwanda has also embarked upon an ambitious privatization program with the World Bank. Continued growth in 2001 depends on the maintenance of international aid levels and the strengthening of world prices of coffee and tea.

GDP: purchasing power parity - $6.4 billion (2000 est.)
GDP - real growth rate: 5.8% (2000 est.)
GDP - per capita: purchasing power parity - $900 (2000 est.)
GDP - composition by sector:
agriculture:  40%
industry:  20%
services:  40% (2000 est.)
Household income or consumption by percentage share:
lowest 10%: 4.2%
highest 10%: 24.2% (1983-85)
Inflation rate (consumer prices): 4% (2000)
Labor force: 3.6 million
Labor force - by occupation: agriculture 90%
Budget:
revenues:  $198 million
expenditures:  $411 million (2000 est.)
Industries: cement, agricultural products, small-scale beverages, soap, furniture, shoes, plastic goods, textiles, cigarettes
Industrial production growth rate: 8.7% (1998 est.)
Electricity - production: 132 million kWh (1999)
Electricity - production by source:
fossil fuel:  3.03%
hydro:  96.97%
nuclear:  0%
other:  0% (1999)
Electricity - consumption: 191.8 million kWh (1999)
Agriculture - products: coffee, tea, pyrethrum (insecticide made from chrysanthemums), bananas, beans, sorghum, potatoes; livestock
Exports: $68.4 million (f.o.b., 2000 est.)
Exports - commodities: coffee, tea, hides, tin ore
Exports - partners: Germany, Belgium, Pakistan, Italy, Kenya
Imports: $245.9 million (f.o.b., 2000 est.)
Imports - commodities: foodstuffs, machinery and equipment, steel, petroleum products, cement and construction material
Imports - partners: Kenya, Tanzania, US, Benelux, France, India
Debt - external: $1.3 billion (1999)
Economic aid - recipient: $591.5 million (1997); note - in the summer of 1998, Rwanda presented its policy objectives and development priorities to donor governments resulting in multiyear pledges in the amount of $250 million.
Currency: 1 Rwandan franc (RWF) = 100 centimes

SOURCE: The World Factbook

Mother Earth Travel > Country Index > Rwanda > Map Economy History