Economy of Rwanda. Statistics, Data and Indicators
Rwanda
| 30B | Credit rank #93 |
| N/A | Quality of life # |
| 54 | Corruption rank#44 |
| 38 | Ease of doing business#29 |
Rwanda Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.31 USD Billion | 2022 |
| GDP Annual Growth Rate | 6.3 % | 2Q/23 |
| GDP Growth Rate | 1.4 % | 2Q/23 |
| GDP per capita | 940 USD | 2022 |
| Inflation Rate YoY | 17.4 % | Aug/23 |
| Interest Rate | 7.5 % | Aug/23 |
| Unemployment Rate | 16.8 % | May/23 |
| Balance of Trade | -315 USD Million | -0.315 B USD | Jul/23 |
| Current Account | -1353 USD Million | -1.353 B USD | 2022 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.31 USD Billion | 2022 |
| GDP Annual Growth Rate | 6.3 % | 2Q/23 |
| GDP Growth Rate | 1.4 % | 2Q/23 |
| GDP per capita | 940 USD | 2022 |
| GDP Constant Prices | 2780 RWF Billion | 2.272 B USD | 2Q/23 |
| GDP per capita PPP | 2365 USD | 2022 |
| GDP From Agriculture | 613 RWF Billion | 0.501 B USD | 2Q/23 |
| GDP From Construction | 169 RWF Billion | 0.138 B USD | 2Q/23 |
| GDP From Manufacturing | 249 RWF Billion | 0.203 B USD | 2Q/23 |
| GDP From Mining | 47 RWF Billion | 0.038 B USD | 2Q/23 |
| GDP From Public Administration | 154 RWF Billion | 0.126 B USD | 2Q/23 |
| GDP From Services | 1394 RWF Billion | 1.139 B USD | 2Q/23 |
| GDP From Transport | 135 RWF Billion | 0.11 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 64.4 % | 2022 |
| Government Spending | 563 RWF Billion | 0.46 USD Billion | 2Q/23 |
| Government Budget to GDP | -7.9 % | 2021 |
| Military Expenditure | 177 USD Million | 0.177 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 192 index points | Aug/23 |
| Food Inflation | 30.8 % | Aug/23 |
| GDP Deflator | 143 index points | 2Q/23 |
| Inflation Rate YoY | 17.4 % | Aug/23 |
| Producer Prices | 205 index points | 2Q/23 |
| Inflation Rate Mom | 1.2 % | Aug/23 |
| Core Inflation Rate | 12.1 % | Aug/23 |
| CPI Housing Utilities | 145 Index Points | Aug/23 |
| CPI Transportation | 143 Index Points | Aug/23 |
| Producer Prices Change | 24.1 % | 2Q/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -11.6 % | 2022 |
| Balance of Trade | -315 USD Million | -0.315 USD Billion | Jul/23 |
| Capital Flows | -461 USD Million | -0.461 USD Billion | 2022 |
| Current Account | -1353 USD Million | -1.353 USD Billion | 2022 |
| Exports | 185 USD Million | 0.185 USD Billion | Jul/23 |
| External Debt | 5389 USD Million | 5.389 B USD | 2020 |
| Imports | 500 USD Million | 0.5 USD Billion | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interbank Rate | 8 % | Aug/23 |
| Interest Rate | 7.5 % | Aug/23 |
| Money Supply M1 | 1979 RWF Billion | 1.617 USD Billion | Jul/23 |
| Money Supply M2 | 3298 RWF Billion | 2.695 USD Billion | Jul/23 |
| Money Supply M3 | 4457 RWF Billion | 3.642 USD Billion | Jul/23 |
| Deposit Interest Rate | 7.58 % | 2022 |
| Foreign Direct Investment | 316 USD Million | 0.316 B USD | 2022 |
| Private Sector Credit | 3502 RWF Billion | 2.862 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 16.8 % | May/23 |
| Living Wage Family | 219000 RWF/Month | 229.301 USD/Month | 2018 |
| Wages High Skilled | 538400 RWF/Month | 563.724 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2023 |
| Personal Income Tax Rate | 30 % | 2023 |
| Sales Tax Rate | 18 % | 2023 |
| Social Security Rate | 8 % | 2023 |
| Social Security Rate For Companies | 5 % | 2023 |
| Social Security Rate For Employees | 3 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -2.7 % | 2Q/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 51 index points | 2022 |
| Corruption Rank | 54 place | 2022 |
| Ease of Doing Business | 38 place | 2019 |
| Manufacturing Production | 2.4 % | 2Q/23 |
| Competitiveness Index | 52.82 Index Points | 2019 |
| Competitiveness Rank | 100 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Spending | 1859 RWF Billion | 1.519 USD Billion | 2Q/23 |
