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ECON FACTBOOK

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Economy of Rwanda

Population: 11.8 million in 20131

GDP: $7.5 billion in 20132

GDP per capita: $639 nominal3 ($1,452 PPP4) in 2013

GDP growth rate: 4.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing2,03734.2%
Other activities1,46924.6%
Wholesale, retail trade, restaurants and hotels93615.7%
Construction5278.8%
Transport, storage and communication4798.0%
Manufacturing4207.0%
Mining and utilities941.6%
Total value added5,962100%

Employment

Unemployment rate: 0.6% in 20137

Employment by Industry 20008

Employment sector Percent of total
Agriculture90%
Industry and sevices10%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $11 billion (146% of GDP) in 201410

Household Wealth per Adult: $102 in 201410

Gini Coefficient: .508 in 201311

Government

Central Government

Central Government Revenue: $1.8 billion (24% of GDP) in 201312

Central Government Expenditure: $2.1 billion (28% of GDP) in 201312

Central Government Budget Balance: -$0.3 billion (-4% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 6.87% in Apr 201313

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 30% in 201415

* Individual Thresholds calculated uisng the exchange rate 688 RWF = 1 USD

Monetary Policy

Money Supply (M1): $1.1 billion (16% of GDP) in Dec 2014* 16

Benchmark Interest Rate: Key Repo Rate = 6.5% in Feb 201517

Total Reserves: $1.1 billion (15% of GDP) in 201318

Exchange Rate: 688 Rwandan Francs = 1 U.S. Dollar on Feb 18, 201519

Inflation: 4.2% in 201320

* Money supply calculated using the exchange rate 688 RWF = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $0.5 billion (7% of GDP) in 201322

Imports: $1.9 billion (25% of GDP) in 201322

Trade Balance: -$1.4 billion (-19% of GDP) in 201322

Foreign Direct Investment Inflow: $0.1 billion (1% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $0.9 billion (12% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Bloomberg (Government bond yield) Go back
14. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: National Bank of Rwanda, Statistics, Monetary Statistics (Money supply) Go back
17. Source: National Bank of Rwanda (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back