Investing In Rwanda
SPECIAL EDITION
African Development Bank
Annual Meeting
19th -23rd May, 2014
Kigali, Rwanda.
WELCOME TO RWANDA
The Economy at a glance
Our achievements during this period include;
• Growing the economy at an average GDP of 8% pa and we aim at achieving
11.5% from 2012 - 2017.
• Growth of the GDP per capita in 2013 $693 from $644 in 2012, a 3 fold increase from 2000. Our GDP target is $1,240 by 2017.
• Rwanda’s strong performance is largely driven by the expansion of the service sector. The sector contributes about 45% of GDP compared to 33% and 15% contributed by agriculture and industrial sectors respectively.
• Inflation in Rwanda has been kept at a single digit since 2008.
• Fitch Ratings Ltd, sets Rwanda’s Credit rating at B with a positive outlook, citing strong economic growth over the past years and prospects for stronger growth.
Rwanda- Sovereign Credit Ratings
Standard and Poors
B - Stable
KEY FACTS 2014
Capital: Kigali
Population: 10.5M (2012)
GDP per capita ($): $693
(2013)
Nominal GDP (In million
USD, FY): $6.6M (2013)
Average GDP growth: 8%
(2008-2012)
Gross Investments as a
% of GDP: 24.0 (2013)
FDI as a percentage of GDP: 2.0%
Trade balance (in % of
GDP):15.4.
National savings as a
% of GDP: 15.3% (2013)
Unemployment
rate: 3.4% (2012)
Literacy rate: 68%
Rwanda Development Board Confidential- Not to be reproduced or distributed
Rwanda is a resilient, forward looking country with a vision to elevate to a middle income, service and knowledge based economy by 2020.
Fitch Ratings
B - Positive
Source: Ministry of Finance and Economic Planning
The above economic achievements have made Rwanda to be ranked the most competitive place to do business in East Africa and 3rd in
Africa (WEF Global Competitiveness Index Report 2013 - 2014)
3
Why invest in Rwanda
Rwanda Development Board Confidential- Not to be reproduced or distributed
Sustained
High Growth
4
• 8% average year-on-year GDP growth, stable inflation and exchange rate.
• Sound
African Development Bank
Annual Meeting
19th -23rd May, 2014
Kigali, Rwanda.
WELCOME TO RWANDA
The Economy at a glance
Our achievements during this period include;
• Growing the economy at an average GDP of 8% pa and we aim at achieving
11.5% from 2012 - 2017.
• Growth of the GDP per capita in 2013 $693 from $644 in 2012, a 3 fold increase from 2000. Our GDP target is $1,240 by 2017.
• Rwanda’s strong performance is largely driven by the expansion of the service sector. The sector contributes about 45% of GDP compared to 33% and 15% contributed by agriculture and industrial sectors respectively.
• Inflation in Rwanda has been kept at a single digit since 2008.
• Fitch Ratings Ltd, sets Rwanda’s Credit rating at B with a positive outlook, citing strong economic growth over the past years and prospects for stronger growth.
Rwanda- Sovereign Credit Ratings
Standard and Poors
B - Stable
KEY FACTS 2014
Capital: Kigali
Population: 10.5M (2012)
GDP per capita ($): $693
(2013)
Nominal GDP (In million
USD, FY): $6.6M (2013)
Average GDP growth: 8%
(2008-2012)
Gross Investments as a
% of GDP: 24.0 (2013)
FDI as a percentage of GDP: 2.0%
Trade balance (in % of
GDP):15.4.
National savings as a
% of GDP: 15.3% (2013)
Unemployment
rate: 3.4% (2012)
Literacy rate: 68%
Rwanda Development Board Confidential- Not to be reproduced or distributed
Rwanda is a resilient, forward looking country with a vision to elevate to a middle income, service and knowledge based economy by 2020.
Fitch Ratings
B - Positive
Source: Ministry of Finance and Economic Planning
The above economic achievements have made Rwanda to be ranked the most competitive place to do business in East Africa and 3rd in
Africa (WEF Global Competitiveness Index Report 2013 - 2014)
3
Why invest in Rwanda
Rwanda Development Board Confidential- Not to be reproduced or distributed
Sustained
High Growth
4
• 8% average year-on-year GDP growth, stable inflation and exchange rate.
• Sound