Rwanda: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | 90% of the population works in agriculture, and it accounts for 33% of the economy. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United Arab Emirates, China, and Democratic Republic of the Congo |
| Top Industries Source: CIA World Factbook | Cement; Agricultural Products; Small-Scale Beverages; Soap |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $38,470,349,419 (2022) |
| GDP Growth Rate (annual %) | 8.157% (2022) |
| GDP Per Capita, PPP (current international) | $2,792 (2022) |
GDP Country Rank 135/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 17.689% (2022) |
| External debt stocks, total (DOD, current US$) | $8,993,939,645 (2021) |
| Total tax rate (% of commercial profits) | 33.2% (2019) |
| Real Interest Rate (5 year average %) | 0.304% (2022) |
| Manufacturing, value added (% of GDP) | 9.907% (2022) |
| Current Account Balance (BoP, current US$) | ($1,306,256,956) (2022) |
Labor and Employment [1]
| Labor Force, Total | 4,654,245 (2022) |
| Employment in Agriculture (% of total employment) | 54.665% (2021) |
| Employment in Industry (% of total employment) | 18.677% (2021) |
| Employment in Services (% of total employment) | 26.658% (2021) |
| Unemployment Rate | 13.009% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $5,044,390,112 (2022) |
| Exports of goods and services (current US$) | $2,993,214,750 (2022) |
| Total Merchandise Trade (% of GDP) | 42.666% (2022) |
| FDI, net inflows (BoP, current US$) | $398,599,355 (2022) |
| Commercial Service Exports (current US$) | $686,221,026 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Rwanda’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.