₯λ₯ο₯σ₯ΐΆ¦ΟΒΉρΒη»Θ΄Ϋ‘ΓE-Embassy of the Republic of Rwanda

 

Recruit Regulations Rwanda Coffee Highland Tea East African Community ADC JAPAN TICAD IV

Economy

The economy of Rwanda is overwhelmingly agricultural, with 84% of the people engaged in subsistence farming (agriculture 41.0%, industry 21.2%, services 37.8% of GDP). Economic development in Rwanda is hindered by the needs of its large population and by its lack of easy access to the sea (and thus to foreign markets). The chief food crops are bananas, cassava, pulses, sorghum and potatoes. The principal cash crops are coffee, tea and pyrethrum. Livestock includes cattle, goats, sheep, poultry, pigs, etc.

Cassiterite and wolframite are mined in significant quantities, and natural gas is produced at Lake Kivu. Rwanda's industries are limited to small factories that manufacture textiles, chemicals, cement, and basic consumer goods such as processed food, beverages (especially beer), clothing, and footwear. The country has a good road network but no railroads. Kigali has an international airport. The main exports include mainly coffee, tea, minerals (cassiterite, wolframite, columbite-tentalite/coltan, and gold), pyrethrum, skins and hides, cut flowers. Main trade partners include Belgium, Netherlands, Germany and Kenya.

 

VISION 2020

In 2000, Rwanda government has an ambitious vision for the transformation of the economy called Vision 2020 built on:

  • The reconstruction of the nation
  • An efficient state capable of uniting and mobilizing its population
  • Human resources development based on science and technology and specifically ICT
  • Town and country planning and development of basic infrastructure
  • Development of entrepreneurship and private sector
  • Modernization of agriculture and animal husbandry

To achieve this vision Rwanda has drawn a Poverty Reduction Strategy Paper (2001- 2004) followed by an Economic Development and Poverty Reduction Strategy (EDPRS 2007-2011). Rwanda also adheres to the UN initiative of the Millennium Development Goals 2015. Thanks to a sound economic management, the country has seen a steady GDP growth for the last 12 years (6 to 9%), macro-economic stability with control of inflation. However challenges remain immense: transport infrastructure to the ports, energy and industrial development. Rwanda is striving to diversify and intensify its exports and also attract foreign direct investment.

DATA PROFILE

Main industry Agriculture: coffee / tea / pyrethrum / etc
Mineral natural gas / cassiterite / wolframite / columbite / tantalite / coltan / gold / etc
GNI, Atlas method
(current US$)
2.3 billion
(2006, World development Indicators detabase)
GNI per capita, Atlas method
(current US$)
250.0
(2006, World development Indicators detabase)
GDP
(current US$)
2.5 billion
(2006, World development Indicators detabase)
Value added
(% of GDP)
Agriculture (41.0) / Industry (21.2) / Service (37.8), etc
GDP growth
(annual %)
5.3
(2006, World development Indicators detabase)
Inflation, GDP deflator
(annual %)
9.1
(2006, World development Indicators detabase)
Merchandise exports, f.o.b.
(million US$)
125
(2005, WTO)
Merchandise imports, c.i.f.
(million US$)
 403
(2005, WTO)
Main trade items: Exports coffee/ tea /minerals/ etc
(2004, Source: Banque Nationale du Rwanda)
Main trade items: Imports consumer goods/ equipment goods/ intermediate goods/ fuel and lubricants
(2004, Source: Banque Nationale du Rwanda)
Staple trade partner country: Exports Kenya (41.6%) / Uganda (26.6%) / EU (8.6%) / Tanzania (8.0%) / DRC (41%) / etc
(2004, Source: Banque Nationale du Rwanda)
Staple trade partner country: Imports Kenya (28.4%) / EU (25.9%) / Uganda (7.6%) / UAE (7.6%) / etc
(2004, Source: Banque Nationale du Rwanda)


Privacy policy | Contact Us
Copyright © 2009 Embassy of the Republic of Rwanda. All rights Reserved.