RWANDA (EAST AFRICA)
PROPOSAL BY:
AHSAN MEMON
SYED TAMSIL HUSSAIN
MUHAMMAD RAHEEM KHAN
Rwanda--regarded as one of the safest country to visit in Africa. Ranked on 144th in World Index. Rwanda is
a country located in Central Africa. It borders Burundi, Democratic Republic of the Congo, Tanzania, and Uganda.
Its population is 12.37 Million. 43.7% of Rwanda's population is Roman Catholic. Its capital is Kigali and currency is
Rwandan Franc. French and English is the professional language there. It has world largest record of Highest
Representation of Women in Parliament. (60%)
Economic Outlook of Rwanda:
Fiscal
Years
Literacy
Rate
Unemployment
Rate
Employment
Rate
GDP
(per
Capita)
GDP
WBDBI*
Poverty
Rate
Development
rate
2017
38.2%
1.06%
45.37%
$784
9.64
57TH
55.7%
3.98%
2019
64.4%
0.99%
48.90%
$820
10.36
38TH
39%
9.46%
2021
73%
1.35%
40.80%
$784
10.4
41TH
_
_
(World Bank Doing Business Index)
Rwanda has recently enjoyed strong economic growth rates, creating new business prospects and lifting people
out of poverty. Rwanda’s major foreign exchange earners include mining, tourism, coffee and tea, and continued
growth in these sectors will be critical for economic development and poverty reduction. More than 75% of adults
were handed piece of lands for farming, but after the rapid growth of development and technology in 2019 the
increment in literacy rate makes them to run start-ups and enhance or maintain GDP growth.
Here above in the chart you can easily notice the Covid-19 pandemic boom after 2019 to 2020 that decreases the
rates in every section.
Role of Large industries in the economic development of Rwanda:
There are three main industries that economy of Rwanda depends on.
Tourism
Mining
Agriculture
Tourism is the largest source of foreign exchange earnings in Rwanda and was projected to grow at a rate
of 25% every year from 2013-21. The sector is the biggest contributor to the national export strategy.
Total revenues generated from the sector in 2019 alone was USD 498 million and predict $800 million for
2024.
Rwanda earned about US$733m from mineral exports, making mining the biggest source of export
revenues after tourism. The top exports of Rwanda are Gold ($444M), Refined Petroleum ($137M),
Coffee ($75.5M), Tea ($72.5M), and Tin Ores ($71.2M). In 2019, the country was the 7th largest world
producer of tungsten and the 12th largest world producer of tin.
2050
Economy
Plan